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DC. Currys plc

135.30
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Currys plc LSE:DC. London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 135.30 135.00 135.20 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dixons Carphone PLC Director/PDMR Shareholding (5021K)

07/07/2017 4:30pm

UK Regulatory


Currys (LSE:DC.)
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From May 2019 to May 2024

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TIDMDC.

RNS Number : 5021K

Dixons Carphone PLC

07 July 2017

7 July 2017

DIXONS CARPHONE PLC

(the 'Company')

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRS

Vesting of shares under The Dixons Carphone plc 2013 Share Plan (the 'Share Plan')

The Company announces that on 6 July 2017, the following director received ordinary shares of 0.1p each in the Company ('Shares') as a consequence of awards made on 20 December 2013 under the Share Plan. The Shares have been retained.

 
 Name of Director    Number of Shares vesting 
  / PDMR 
 Andrew Harrison     281,745 
                    ------------------------- 
 

The performance of the plan was measured at the end of the performance period on 5 July 2017 and both the performance conditions of Absolute and Relative TSR have been met. The number of Shares awarded to the director is equivalent to the value of 60% of his share of the incentive pool created as a consequence of the award vesting. The remaining 40% of the award value will be held in cash and released after a further year.

Award under The Dixons Carphone plc Long Term Incentive Plan 2016 (the 'LTIP')

On 7 July 2017 Andrew Lawley, a PDMR of the Company, was granted an award of unrestricted shares pursuant to the Company's LTIP, which was approved by shareholders at the Company's annual general meeting last year. The share price for the award was calculated using the mid-market price on 6 July 2017.

 
 Name of          Award     Number       Number       Number       Price 
  PDMR             Value     of Shares    of Shares    of Shares    at which 
                   (GBP)     received     sold to      retained     Shares 
                                          cover        net of       were 
                                          taxes        taxes and    sold 
                                          and costs    costs 
 Andrew Lawley    375,000   130,253      61,219       69,034       288p 
                 --------  -----------  -----------  -----------  ---------- 
 

Surrender of Restricted Share Awards ('RSAs') and Award of LTIPs

As notified on 29 June 2017, two PDMRs of the Company were granted RSAs on 29 June 2017. The Company's approach to long-term incentives is that its most senior employees should receive performance-based LTIP awards rather than RSAs. Accordingly, on 7 July 2017 the two PDMRs surrendered the RSAs granted to them on 29 June 2017 and have now been granted performance-based LTIP awards. The PDMRs are identified in the table below:

 
 Name of    Award Value   Maximum number of Shares         Exercise 
  PDMR       (GBP)         represented by the               Price 
                           options granted on 
                           the date of this announcement 
 Feilim 
  Mackle     1,125,000               390,760                 Nil 
           ------------  -------------------------------  --------- 
 Andrew 
  Lawley      937,500                325,634                 Nil 
           ------------  -------------------------------  --------- 
 

The number of Shares stated is the maximum number that could be issued to each PDMR upon full satisfaction of the performance conditions attaching to the awards. The arrangements are intended to align the PDMRs' interests with shareholders and the Company's strategic plan.

The number of Shares which will vest after the three-year performance period, from 30 April 2017 to the final day of the 2019/20 financial year, will depend on continued service and the extent to which the performance conditions applicable to these awards are achieved. The Shares will be subject to an additional two-year holding period from the date of vesting.

The performance conditions attaching to the LTIP 2017 are based on the achievement of two equally weighted performance metrics as follows:

   1)    Relative Total Shareholder Return ('TSR') 

-- 50% of the awards will be subject to the achievement of a relative TSR performance condition, measured against the companies ranked FTSE 51- 150 over the performance period. The starting point for measurement will be 30 April 2017 and the closing point will be the final day of the 2019/20 financial year with one month averaging periods up to the beginning and end of the performance period. 25% of this portion of the award will pay out for achievement of median TSR versus the comparator group, with maximum vesting at upper quartile or above and straight-line vesting between these two points.

   2)    Earnings Per Share ('EPS') Growth 

-- 50% of the award will be measured against EPS growth over the performance period. 25% of this portion of the award will vest for growth of 7.5% in total over the three-year period, rising on a straight-line basis to full vesting for growth of 20% in total.

As at the date of this announcement, the Company has 1,155,792,865 Shares in issue.

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

For further information:

 
                                                         +44 (0)203 
Nigel Paterson   Company Secretary and General Counsel    110 4411 
                                                         +44 (0)7748 
Kate Ferry       IR, PR and Corporate Affairs Director    933 206 
 
 
 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                    Andrew Harrison 
      ----------------------  ----------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position /              Deputy Chief Executive 
        status 
      ----------------------  ----------------------------------------------------- 
 b)    Initial notification    Initial notification 
        / 
        Amendment 
      ----------------------  ----------------------------------------------------- 
 3     Details of issuer 
      ----------------------------------------------------------------------------- 
 a)    Name                    Dixons Carphone 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             Ordinary shares in Dixons Carphone 
        of the financial        plc 
        instrument, 
        type of instrument 
      ----------------------  ----------------------------------------------------- 
       Identification          GB00B4Y7R145 
        code 
      ----------------------  ----------------------------------------------------- 
 b)    Nature of               Vesting of shares pursuant to 
        the transaction         The Dixons Carphone plc 2013 
                                Share Plan 
      ----------------------  ----------------------------------------------------- 
 c)    Price(s) and            Price(s)                    Volume(s) 
        volume(s) 
      ----------------------  --------------------------  ------------------------- 
   Nil                                                     281,745 
  ------------------------------------------------------  ------------------------- 
 d)    Aggregated              Aggregated price            Aggregated volume 
        information 
      ----------------------  --------------------------  ------------------------- 
   N/A (single transaction)                                N/A (single transaction) 
  ------------------------------------------------------  ------------------------- 
 e)    Date of the             2017-07-06 
        transaction 
      ----------------------  ----------------------------------------------------- 
 f)    Place of the            Outside a trading venue 
        transaction 
      ----------------------  ----------------------------------------------------- 
 
 
 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                    Andrew Lawley 
      ----------------------  ----------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position /              Group Strategy Director 
        status 
      ----------------------  ----------------------------------------------------- 
 b)    Initial notification    Initial notification 
        / 
        Amendment 
      ----------------------  ----------------------------------------------------- 
 3     Details of issuer 
      ----------------------------------------------------------------------------- 
 a)    Name                    Dixons Carphone 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             Ordinary shares in Dixons Carphone 
        of the financial        plc 
        instrument, 
        type of instrument 
      ----------------------  ----------------------------------------------------- 
       Identification          GB00B4Y7R145 
        code 
      ----------------------  ----------------------------------------------------- 
 b)    Nature of               Award under The Dixons Carphone 
        the transaction         plc Long Term Incentive Plan 
                                2016 
      ----------------------  ----------------------------------------------------- 
 c)    Price(s) and            Price(s)                    Volume(s) 
        volume(s) 
      ----------------------  --------------------------  ------------------------- 
   Nil                                                     130,253 
  ------------------------------------------------------  ------------------------- 
 d)    Aggregated              Aggregated price            Aggregated volume 
        information 
      ----------------------  --------------------------  ------------------------- 
   N/A (single transaction)                                N/A (single transaction) 
  ------------------------------------------------------  ------------------------- 
 e)    Date of the             2017-07-07 
        transaction 
      ----------------------  ----------------------------------------------------- 
 f)    Place of the            Outside a trading venue 
        transaction 
      ----------------------  ----------------------------------------------------- 
 
 
 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                    Andrew Lawley 
      ----------------------  ----------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position /              Group Strategy Director 
        status 
      ----------------------  ----------------------------------------------------- 
 b)    Initial notification    Initial notification 
        / 
        Amendment 
      ----------------------  ----------------------------------------------------- 
 3     Details of issuer 
      ----------------------------------------------------------------------------- 
 a)    Name                    Dixons Carphone 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             Ordinary shares in Dixons Carphone 
        of the financial        plc 
        instrument, 
        type of instrument 
      ----------------------  ----------------------------------------------------- 
       Identification          GB00B4Y7R145 
        code 
      ----------------------  ----------------------------------------------------- 
 b)    Nature of               Disposal of shares to meet income 
        the transaction         tax and national insurance obligations 
                                pursuant to a share award made 
                                under The Dixons Carphone plc 
                                Long Term Incentive Plan 2016 
      ----------------------  ----------------------------------------------------- 
 c)    Price(s) and            Price(s)                    Volume(s) 
        volume(s) 
      ----------------------  --------------------------  ------------------------- 
   GBP2.88                                                 61,219 
  ------------------------------------------------------  ------------------------- 
 d)    Aggregated              Aggregated price            Aggregated volume 
        information 
      ----------------------  --------------------------  ------------------------- 
   N/A (single transaction)                                N/A (single transaction) 
  ------------------------------------------------------  ------------------------- 
 e)    Date of the             2017-07-07 
        transaction 
      ----------------------  ----------------------------------------------------- 
 f)    Place of the            Outside a trading venue 
        transaction 
      ----------------------  ----------------------------------------------------- 
 
 
 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                    Feilim Mackle 
      ----------------------  ----------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position /              CEO Services 
        status 
      ----------------------  ----------------------------------------------------- 
 b)    Initial notification    Initial notification 
        / 
        Amendment 
      ----------------------  ----------------------------------------------------- 
 3     Details of issuer 
      ----------------------------------------------------------------------------- 
 a)    Name                    Dixons Carphone 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             Ordinary shares in Dixons Carphone 
        of the financial        plc 
        instrument, 
        type of instrument 
      ----------------------  ----------------------------------------------------- 
       Identification          GB00B4Y7R145 
        code 
      ----------------------  ----------------------------------------------------- 
 b)    Nature of               Surrender of Restricted Share 
        the transaction         Awards granted on 29 June 2017 
      ----------------------  ----------------------------------------------------- 
 c)    Price(s) and            Price(s)                    Volume(s) 
        volume(s) 
      ----------------------  --------------------------  ------------------------- 
   Nil                                                     191,522 
  ------------------------------------------------------  ------------------------- 
 d)    Aggregated              Aggregated price            Aggregated volume 
        information 
      ----------------------  --------------------------  ------------------------- 
   N/A (single transaction)                                N/A (single transaction) 
  ------------------------------------------------------  ------------------------- 
 e)    Date of the             2017-07-07 
        transaction 
      ----------------------  ----------------------------------------------------- 
 f)    Place of the            Outside a trading venue 
        transaction 
      ----------------------  ----------------------------------------------------- 
 
 
 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                    Andrew Lawley 
      ----------------------  ----------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position /              Group Strategy Director 
        status 
      ----------------------  ----------------------------------------------------- 
 b)    Initial notification    Initial notification 
        / 
        Amendment 
      ----------------------  ----------------------------------------------------- 
 3     Details of issuer 
      ----------------------------------------------------------------------------- 
 a)    Name                    Dixons Carphone 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             Ordinary shares in Dixons Carphone 
        of the financial        plc 
        instrument, 
        type of instrument 
      ----------------------  ----------------------------------------------------- 
       Identification          GB00B4Y7R145 
        code 
      ----------------------  ----------------------------------------------------- 
 b)    Nature of               Surrender of Restricted Share 
        the transaction         Awards granted on 29 June 2017 
      ----------------------  ----------------------------------------------------- 
 c)    Price(s) and            Price(s)                    Volume(s) 
        volume(s) 
      ----------------------  --------------------------  ------------------------- 
   Nil                                                     159,602 
  ------------------------------------------------------  ------------------------- 
 d)    Aggregated              Aggregated price            Aggregated volume 
        information 
      ----------------------  --------------------------  ------------------------- 
   N/A (single transaction)                                N/A (single transaction) 
  ------------------------------------------------------  ------------------------- 
 e)    Date of the             2017-07-07 
        transaction 
      ----------------------  ----------------------------------------------------- 
 f)    Place of the            Outside a trading venue 
        transaction 
      ----------------------  ----------------------------------------------------- 
 
 
 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                    Feilim Mackle 
      ----------------------  ----------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position /              CEO Services 
        status 
      ----------------------  ----------------------------------------------------- 
 b)    Initial notification    Initial notification 
        / 
        Amendment 
      ----------------------  ----------------------------------------------------- 
 3     Details of issuer 
      ----------------------------------------------------------------------------- 
 a)    Name                    Dixons Carphone 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             Ordinary shares in Dixons Carphone 
        of the financial        plc 
        instrument, 
        type of instrument 
      ----------------------  ----------------------------------------------------- 
       Identification          GB00B4Y7R145 
        code 
      ----------------------  ----------------------------------------------------- 
 b)    Nature of               Grant of nil-cost options under 
        the transaction         The Dixons Carphone plc Long 
                                Term Incentive Plan 2016 
      ----------------------  ----------------------------------------------------- 
 c)    Price(s) and            Price(s)                    Volume(s) 
        volume(s) 
      ----------------------  --------------------------  ------------------------- 
   Nil                                                     390,760 
  ------------------------------------------------------  ------------------------- 
 d)    Aggregated              Aggregated price            Aggregated volume 
        information 
      ----------------------  --------------------------  ------------------------- 
   N/A (single transaction)                                N/A (single transaction) 
  ------------------------------------------------------  ------------------------- 
 e)    Date of the             2017-07-07 
        transaction 
      ----------------------  ----------------------------------------------------- 
 f)    Place of the            Outside a trading venue 
        transaction 
      ----------------------  ----------------------------------------------------- 
 
 
 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                    Andrew Lawley 
      ----------------------  ----------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position /              Group Strategy Director 
        status 
      ----------------------  ----------------------------------------------------- 
 b)    Initial notification    Initial notification 
        / 
        Amendment 
      ----------------------  ----------------------------------------------------- 
 3     Details of issuer 
      ----------------------------------------------------------------------------- 
 a)    Name                    Dixons Carphone 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             Ordinary shares in Dixons Carphone 
        of the financial        plc 
        instrument, 
        type of instrument 
      ----------------------  ----------------------------------------------------- 
       Identification          GB00B4Y7R145 
        code 
      ----------------------  ----------------------------------------------------- 
 b)    Nature of               Grant of nil-cost options under 
        the transaction         The Dixons Carphone plc Long 
                                Term Incentive Plan 2016 
      ----------------------  ----------------------------------------------------- 
 c)    Price(s) and            Price(s)                    Volume(s) 
        volume(s) 
      ----------------------  --------------------------  ------------------------- 
   Nil                                                     325,634 
  ------------------------------------------------------  ------------------------- 
 d)    Aggregated              Aggregated price            Aggregated volume 
        information 
      ----------------------  --------------------------  ------------------------- 
   N/A (single transaction)                                N/A (single transaction) 
  ------------------------------------------------------  ------------------------- 
 e)    Date of the             2017-07-07 
        transaction 
      ----------------------  ----------------------------------------------------- 
 f)    Place of the            Outside a trading venue 
        transaction 
      ----------------------  ----------------------------------------------------- 
 

- Ends -

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHEDLFBDDFLBBL

(END) Dow Jones Newswires

July 07, 2017 11:30 ET (15:30 GMT)

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