REG - Currys PLC - Director/PDMR Shareholding

CurrysAnnouncement

01/08/2024 14:15

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RNS Number : 8537Y  Currys PLC  01 August 2024

NOTIFICATION OF GRANT OF SHARE AWARDS

 

Currys plc (the "Company")

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them in
accordance with the Market Abuse Regulations.

Awards under the Currys Deferred Share Bonus Plan

On 1 August 2024 the following awards over Ordinary Shares were granted under
the Currys Deferred Share Bonus Plan (the "DSBP Awards"):

 Name of Director / PDMR  Award Reference Value (£)   No. of Ordinary Shares under Award  Vesting Date   Exercise Price
 Alex Baldock             439,836                     540,671                             1 August 2026  Nil
 Bruce Marsh              229,590                     282,225                             1 August 2026  Nil

The DSBP Awards represent one-third of the 2023/24 annual performance bonus
entitlement granted in accordance with the Company's approved Remuneration
Policy, approved by shareholders at the 2022 AGM. Further details of the
2023/24 annual performance bonus are disclosed in the 2023/24 Directors'
Remuneration Report, available at www.currys.com from 25 July 2024.

Each of the DSBP Awards (nil cost options) will ordinarily vest and become
exercisable on the second anniversary of the date of grant.

The share price used to calculate the numbers of shares was the mid-market
price on the day prior to the grant, being 31 July 2024 (£0.8135).

This announcement is made in accordance with the requirements of Market Abuse
Regulation Article 19.

As at the date of this announcement, the Company has 1,133,494,651 Ordinary
Shares in issue.

Details of the full notifications received by the Company are set out below.

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Alex Baldock
 2   Reason for Notification
 a)  Position/status                                              Group Chief Executive
 b)  Initial notification/Amendment                               Initial Announcement
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 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 0.1 pence each in Currys plc

     Identification code                                          GB00B4Y7R145
 b)  Nature of the transaction                                    Grant of a nil cost option award under the Currys Deferred Share Bonus Plan.
                                                                  The award will ordinarily become exercisable two years from the date of grant
                                                                  and then may be exercised for a period of ten years from the date of grant.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       540,671
 d)  Aggregated information                                       Not applicable - single transaction

     -     Aggregated volume

     -     Price
 e)  Date of the transaction                                      1 August 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

1 August 2024

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Bruce Marsh
 2   Reason for Notification
 a)  Position/status                                              Group Chief Financial Officer
 b)  Initial notification/Amendment                               Initial Announcement
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 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 0.1 pence each in Currys plc

     Identification code                                          GB00B4Y7R145
 b)  Nature of the transaction                                    Grant of a nil cost option award under the Currys Deferred Share Bonus Plan.
                                                                  The award will ordinarily become exercisable two years from the date of grant
                                                                  and then may be exercised for a period of ten years from the date of grant.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       282,225
 d)  Aggregated information                                       Not applicable - single transaction

     -     Aggregated volume

     -     Price
 e)  Date of the transaction                                      1 August 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

1 August 2024

f)

Place of the transaction

Outside a trading venue

 

 

 

Enquiries:

 

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

 

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

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