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Currys plc announced that Group Chief Executive Alex Baldock exercised nil cost options over 495,185 ordinary shares on 25 July 2022, which had been granted under the 2019 Long Term Incentive Plan Award on 25 July 2019. To cover tax liabilities arising from the transaction, Baldock sold 239,768 shares at £0.712676 each and retained the remaining 255,417 shares, which are subject to a two-year post-vest holding requirement.
| Date | 26 Jul 2022 |
| Time | 13:43:15 |
| Category | Director/PDMR dealings |
| ID | 8018T |
26 July 2022
CURRYS PLC
NOTIFICATION OF TRANSACTION OF DIRECTOR
Award under the Currys plc Long Term Incentive Plan 2016
In accordance with the requirements of DTR 3.1 and Market Abuse Regulation Article 19, Currys plc (the 'Company') announces the following share transaction undertaken by Alex Baldock, Group Chief Executive (a PDMR).
Alex Baldock exercised nil cost options over ordinary shares of 0.1 pence in the Company in respect of the 2019 LTIP Award (the "Award") which was granted on the 25 July 2019 under the Currys plc Long Term Incentive Plan 2016. The Award vested on 25 July 2022, in accordance with the achievement of the applicable performance conditions. Further details of the achievement of the performance conditions are disclosed in the 2021/22 Directors' Remuneration Report, which will be available at www.currysplc.com from 8 August 2022.
In total, Alex Baldock exercised 495,185 options, made up of 460,445 options and 34,740 accrued dividend equivalents, and sold 239,768 shares to cover the tax liability arising on the transaction. The remaining 255,417 shares were retained. The exercise has been satisfied using market purchase shares and the retained shares are subject to a 2-year post vest holding requirement.
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PDMR DEALING NOTIFICATION |
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Alex Baldock |
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2 |
Reason for the notification |
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a) |
Position/status |
Group Chief Executive |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer |
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a) |
Name |
Currys plc |
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b) |
LEI |
2138001E12GWLLDQQF16 |
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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 |
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a) |
Description of the financial instrument, type of instrument
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Ordinary shares of 0.1p each in Currys plc |
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Identification code |
GB00B4Y7R145 |
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b) |
Nature of the transaction |
Exercise of a share option under the Currys Long Term Incentive Plan ("LTIP") and sale of shares to cover the tax and NIC arising from the exercise |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information
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1. Exercise
2. Sale
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e) |
Date of the transaction (DD-MM-YYYY) |
25-07-2022 |
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f) |
Place of the transaction |
London Stock Exchange (XLON) |
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Enquiries:
Sarah Thomas Deputy Company Secretary +44 (0)7401 373 188
Dan Homan Investor Relations Director +44 (0)7401 400 442