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| 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 |
From Apr 2019 to Apr 2024
TIDMDC.
RNS Number : 6591X
Dixons Carphone PLC
14 August 2018
14 August 2018
DIXONS CARPHONE PLC
(the 'Company')
NOTIFICATION OF TRANSACTIONS OF DIRECTOR/PDMR
Awards under The Dixons Carphone plc Long Term Incentive Plan 2016
On 13 August 2018, the Company's new Group Chief Financial Officer, Jonny Mason, was granted pursuant to The Dixons Carphone plc Long Term Incentive Plan 2016 (LTIP) awards as nil cost options over ordinary shares of 0.1 pence in the Company ('Shares'), as follows:
Hot Features
Premium
Award type Base Salary Percentage Award Number Vesting Exercise
for Award of base Value of Shares date price
(GBP) salary used (GBP) awarded
to calculate
award value
13 August
Normal 470,000 275% 1,292,500 734,583 2021 Nil
------------ -------------- ---------- ----------- ---------- ---------
13 August
Recruitment 470,000 100% 470,000 267,121 2021 Nil
------------ -------------- ---------- ----------- ---------- ---------
The share price used to calculate the numbers of shares was the mid-market price on the dealing day prior to grant (10 August 2018).
The numbers of Shares awarded are the maximum numbers that could vest upon full satisfaction of the applicable performance condition(s).
The Awards will ordinarily vest on 13 August 2021 ('Vesting Date'), subject to Mr Mason's continued service with the Company and the extent to which the applicable performance condition(s) are achieved. Vested Shares will be subject to a two-year holding period (on a net of tax basis) from the Vesting Date.
The performance conditions applicable to the Awards are as follows (they are described in more detail in the Annual Report and Accounts):
1) Relative Total Shareholder Return ('TSR') performance condition - 50% of the Normal Award and 100% of the Recruitment Award
This ranks the Company's TSR against the TSRs of a comparator group of the companies ranked FTSE 51-150 at the start of the performance period (three financial years commencing with the financial year of grant). TSRs are averaged over one month periods before the beginning and end of the performance period. 25% of this portion of the Award will vest for achievement of median TSR ranking, with maximum vesting at upper quartile ranking or above. Straight-line vesting will apply between these two points.
2) Cumulative Free Cash Flow performance condition - 50% of the Normal Award
This measures the Company's cumulative free cash flow over the same three-year performance period. 10% of this portion of the Award will vest if cumulative free cash flow is GBP517m, rising to 25% if it is GBP574m, and with maximum vesting if it is GBP689m or higher. Straight-line vesting applies between these points.
Buyout Award under Listing Rule 9.4.2(2)
On 13 August 2018, Mr Mason was separately granted a nil cost option ('Buyout Award'), pursuant to the terms of a one-off award agreement as follows:
Award Reference Number of Ordinary Exercise Price
Value (GBP) Shares under
Buyout Award
143,286 81,435 Nil
------------------- ---------------
The share price used to calculate the number of shares was the mid-market price on the day prior to grant (10 August 2018).
The Buyout Award will ordinarily vest on 13 August 2021 ('Vesting Date'), subject to Mr Mason's continued service with the Company and provided that neither party has served notice to terminate Mr Mason's employment. The Buyout Award will then become exercisable in three tranches as follows:
Exercise Period commencing Number of Ordinary Shares
on
13 August 2021 27,145
--------------------------
13 August 2022 27,145
--------------------------
13 August 2023 27,145
--------------------------
It will normally remain exercisable until the 10(th) anniversary of its grant date. No performance condition applies.
The Buyout Award was entered into without prior shareholder approval relying on Listing Rule 9.4.2(2) and will be limited to settlement with market purchase Ordinary Shares.
As at the date of this announcement, the Company has 1,160,210,224 Ordinary Shares in issue.
This announcement is made in accordance with the requirements of Market Abuse Regulation Article 19.
For further information:
+44 (0)7841 220
Julia Foo Deputy Company Secretary 692
+44 (0)7414 191
Assad Malic IR, PR and Corporate Affairs Director 044
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 Jonny Mason
-------------------------- -----------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position / status Group Chief Financial Officer
-------------------------- -----------------------------------------------------
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 of Ordinary shares in Dixons Carphone plc
the financial
instrument, type
of instrument
-------------------------- -----------------------------------------------------
Identification GB00B4Y7R145
code
-------------------------- -----------------------------------------------------
b) Nature of the Nil cost option award under The Dixons
transaction Carphone plc Long Term Incentive Plan
2016 (vesting of 50% of the shares is
based on total shareholder return performance
and 50% on cumulative free cash flow
performance)
-------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- -------------------------- -------------------------
Nil 734,583
---------------------------------------------------------- -------------------------
d) Aggregated information Aggregated price Aggregated volume
-------------------------- -------------------------- -------------------------
N/A (single transaction) N/A (single transaction)
---------------------------------------------------------- -------------------------
e) Date of the transaction 2018-08-13
-------------------------- -----------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------------------
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 Jonny Mason
-------------------------- -----------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position / status Group Chief Financial Officer
-------------------------- -----------------------------------------------------
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 of Ordinary shares in Dixons Carphone plc
the financial
instrument, type
of instrument
-------------------------- -----------------------------------------------------
Identification GB00B4Y7R145
code
-------------------------- -----------------------------------------------------
b) Nature of the Nil cost option award under The Dixons
transaction Carphone plc Long Term Incentive Plan
2016 (vesting is based on total shareholder
return performance)
-------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- -------------------------- -------------------------
Nil 267,121
---------------------------------------------------------- -------------------------
d) Aggregated information Aggregated price Aggregated volume
-------------------------- -------------------------- -------------------------
N/A (single transaction) N/A (single transaction)
---------------------------------------------------------- -------------------------
e) Date of the transaction 2018-08-13
-------------------------- -----------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------------------
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 Jonny Mason
-------------------------- -----------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position / status Group Chief Financial Officer
-------------------------- -----------------------------------------------------
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 of Ordinary shares in Dixons Carphone plc
the financial
instrument, type
of instrument
-------------------------- -----------------------------------------------------
Identification GB00B4Y7R145
code
-------------------------- -----------------------------------------------------
b) Nature of the Nil cost option award under a standalone
transaction award agreement
-------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- -------------------------- -------------------------
Nil 81,435
---------------------------------------------------------- -------------------------
d) Aggregated information Aggregated price Aggregated volume
-------------------------- -------------------------- -------------------------
N/A (single transaction) N/A (single transaction)
---------------------------------------------------------- -------------------------
e) Date of the transaction 2018-08-13
-------------------------- -----------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------------------
- 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.
END
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(END) Dow Jones Newswires
August 14, 2018 06:00 ET (10:00 GMT)
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