Director/PDMR Shareholding
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) |
| ||||
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) |
| ||||
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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