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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Currys Plc | LSE:CURY | London | Ordinary Share | GB00B4Y7R145 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.90 | 1.44% | 63.45 | 63.55 | 63.80 | 64.00 | 61.80 | 61.80 | 1,251,601 | 16:35:02 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Radiotelephone Communication | 9.51B | -481M | -0.4244 | -1.50 | 720.9M |
From Apr 2021 to Apr 2024
TIDMCURY
RNS Number : 1789Q
Currys PLC
25 October 2021
25 October 2021
CURRYS PLC
(the 'Company')
NOTIFICATION OF TRANSACTIONS OF DIRECTOR/PDMR
Grant of Buy-out Award in accordance with Listing Rule 9.4.2(2) and part sale of shares
As previously described in the 2020/21 Directors' Remuneration Report, the Company announces that on 22 October 2021, Mr Bruce Marsh was granted a nil cost option ('Buy-out Award') over 410,366 Ordinary Shares in the Company, to compensate for bonus and awards lost from his previous employer, pursuant to the terms of the agreement entered into between Mr Marsh and the Company on recruitment.
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Name of Director Award Reference Number of Ordinary Exercise Price
/ PDMR Value (GBP) Shares under
Buy-out Award
Bruce Marsh GBP504,340 410,366 Nil
---------------- ------------------- ---------------
The above value was determined based on the value of awards forfeited on leaving Mr Marsh's previous employer (Tesco) and the Tesco share price on the relevant vesting dates in July and October 2021.
The number of Ordinary Shares in the Company granted under the Buy-out Award was calculated by reference to the mid-market price on the day prior to grant, being 21 October 2021.
The Buy-out Award is divided into two awards.
Award A, of equal value to Mr Marsh's annual base salary of GBP415,000, will ordinarily vest on 12 July 2024 ('Vesting Date'), subject to Mr Marsh's continued service with the Company and that neither party has served notice to terminate Mr Marsh's employment prior to the Vesting Date.
Award A will be exercisable in three equal tranches as follows:
Exercise Period Commencing No. of Ordinary Shares
From
12 July 2024 112,557
-----------------------
12 July 2025 112,558
-----------------------
12 July 2026 112,558
-----------------------
Award B, equal to 72,693 shares in the Company, vests immediately on grant.
The Buy-out Award was entered into without prior shareholder approval in accordance with LR 9.4.2(2) and will be limited to settlement with market purchase Ordinary Shares.
In addition, immediately on vest of Award B, Mr Marsh exercised 72,693 options. Mr Marsh sold 34,287 shares to cover the tax liability arising on the transaction. The remaining 38,406 shares were retained. The exercise has been satisfied using market purchase Ordinary Shares.
As at the date of this announcement, the Company has 1,166,458,443 Ordinary Shares in issue.
This announcement is made in accordance with the requirements of Market Abuse Regulation Article 19.
For further information:
Sarah Thomas Deputy Company Secretary +44 (0)7401 373 188
Dan Homan Head of Investor Relations +44 (0)7401 400 442
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 Bruce Marsh
-------------------------- -----------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position / status Group Chief Financial Officer
-------------------------- -----------------------------------------------------
b) Initial notification Initial notification
/
Amendment
-------------------------- -----------------------------------------------------
3 Details of 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 Ordinary Shares of 0.1p in Currys plc
the financial
instrument, type
of instrument
-------------------------- -----------------------------------------------------
Identification GB00B4Y7R145
code
-------------------------- -----------------------------------------------------
b) Nature of the Grant of a Nil cost option award over
transaction Ordinary Shares ('Buy-out Award') pursuant
to the agreement entered into on recruitment
and granted in accordance with Listing
Rule 9.4.2(2).
Award A shall ordinarily vest on 12 July
2024 and 112,557 Ordinary Shares become
exercisable on the vesting date, 112,558
Ordinary Shares become exercisable on
12 July 2025 and 112,558 Ordinary Shares
become exercisable on 12 July 2026.
Award B vests immediately on grant and
72,693 Ordinary Shares become exercisable.
The awards shall be limited to settlement
with market purchase Ordinary Shares.
-------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- -------------------------- -------------------------
Nil 410,366
---------------------------------------------------------- -------------------------
d) Aggregated information Aggregated price Aggregated volume
-------------------------- -------------------------- -------------------------
N/A (single transaction) N/A (single transaction)
---------------------------------------------------------- -------------------------
e) Date of the transaction 22-10-2021
(DD-MM-YYYY)
-------------------------- -----------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------------------
PMDR 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 Bruce Marsh
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Group Chief Financial Officer
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary Shares of 0.1p each in Currys plc
instrument
-------------------------------------------------------- -------------------------------------------------------
Identification code GB00B4Y7R145
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of a Nil cost option over Ordinary Shares
('Buy-out Award') pursuant to an agreement
entered into on recruitment accordance with Listing
Rule 9.4.2(2) and sale of sufficient shares
to cover the tax and NIC arising from the exercise.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 72,693
GBP1.227885 34,287
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1. Exercise Price(s) Volume(s) Total
Nil cost 72,693 GBP0.00
- Price ---------- -------
2. Sale Price(s) Volume(s) Total
GBP1.227885 34,287 GBP42,100
---------- ---------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 22-10-2021
(DD-MM-YYYY)
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------------------------------------- -------------------------------------------------------
- Ends -
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
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(END) Dow Jones Newswires
October 25, 2021 10:18 ET (14:18 GMT)
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