Director/PDMR Shareholding

Currys PLC
22 August 2023
 

22 August 2023

CURRYS PLC

NOTIFICATION OF TRANSACTION OF DIRECTOR

Award under the Currys plc Long Term Incentive Plan 2016

In accordance with the requirements of DTR 3.1 and Market Abuse Regulation Article 19, Currys plc (the 'Company') announces the following share transaction undertaken by Alex Baldock, Group Chief Executive (a PDMR).

Alex Baldock exercised nil cost options over ordinary shares of 0.1 pence in the Company in respect of the 2020 LTIP Award (the "Award") which was granted on the 19 August 2020 under the Currys plc Long Term Incentive Plan 2016.  The Award vested on 19 August 2023, in accordance with the achievement of the applicable performance conditions.  Further details of the achievement of the performance conditions are disclosed in the 2022/23 Directors' Remuneration Report, available at www.currysplc.com.

In total, Alex Baldock exercised 1,076,018 options, made up of 995,980 options and 80,038 accrued dividend equivalents, and sold 507,507 to cover the tax liability arising on the transaction.  The remaining 568,511 shares were retained. The exercise has been satisfied using market purchase shares and the retained shares are subject to a 2-year post vest holding requirement.

PDMR DEALING NOTIFICATION

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alex Baldock

2

Reason for the notification

a)

Position/status

Group Chief Executive

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer

a)

Name

Currys plc

b)

LEI

2138001E12GWLLDQQF16

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Ordinary shares of 0.1p each in Currys plc


Identification code

GB00B4Y7R145

b)

Nature of the transaction

Exercise of a share option under the Currys Long Term Incentive Plan ("LTIP") and sale of shares to cover the tax and NIC arising from the exercise

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil cost

1,076,018

£0.486101

507,507

 

 

d)

Aggregated information

-

Aggregated volume

-

Price

1.    Exercise

Price(s)

Volume(s)

Total

Nil cost

1,076,018

 £0.00

 

2.    Sale

Price(s)

Volume(s)

Total

£0.486101

507,507

 £246,699.66

e)

Date of the transaction

(DD-MM-YYYY)

21-08-2023

f)

Place of the transaction

London Stock Exchange (XLON)

 

Enquiries:

 

Sarah Thomas    Deputy Company Secretary     +44 (0)7401 373 188

 

Dan Homan       Investor Relations Director      +44 (0)7401 400 442

 

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END
 
 

Companies

Currys (CURY)
UK 100