/Equities/XLON/CURY/RNS

Form 8.3 -Currys plc

RNS Number : 1355E

SIH Partners LLLP

22 February 2024

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Full name of discloser:	SIH Partners, LLLP (SIHP)
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.	Susquehanna International Securities Limited (SISLTD). Note - SISLTD is a subsidiary of SIHP.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Currys plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	19 February 2024
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"	N/A

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	0.1p Ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:			15,305,281	1.35%
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	49,707,000	4.38%	35,687,000	3.14%
TOTAL:	49,707,000	4.38%	50,992,281	4.49%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
0.1p Ordinary	Purchase	638,036	0.4708
0.1p Ordinary	Purchase	177,039	0.629
0.1p Ordinary	Purchase	25,000	0.63
0.1p Ordinary	Purchase	795,044	0.6305
0.1p Ordinary	Purchase	18,000	0.631
0.1p Ordinary	Purchase	6,000	0.6315
0.1p Ordinary	Purchase	300	0.632
0.1p Ordinary	Purchase	87,268	0.6325
0.1p Ordinary	Purchase	154,162	0.64
0.1p Ordinary	Purchase	7,022	0.6405
0.1p Ordinary	Purchase	15,365,566	0.642
0.1p Ordinary	Sale	638,036	0.4708
0.1p Ordinary	Sale	1,250,000	0.624
0.1p Ordinary	Sale	281,989	0.629
0.1p Ordinary	Sale	50,000	0.63
0.1p Ordinary	Sale	1,403,086	0.6305
0.1p Ordinary	Sale	36,000	0.631
0.1p Ordinary	Sale	12,000	0.6315
0.1p Ordinary	Sale	600	0.632
0.1p Ordinary	Sale	174,536	0.6325
0.1p Ordinary	Sale	250,379	0.64
0.1p Ordinary	Sale	10,533	0.6405
0.1p Ordinary	Sale	15,356,925	0.642
0.1p Ordinary	Sale	643	0.6425
0.1p Ordinary	Sale	2,840	0.643
0.1p Ordinary	Sale	651	0.6435
0.1p Ordinary	Sale	721	0.64425
0.1p Ordinary	Sale	2,973	0.6445
0.1p Ordinary	Sale	3,587	0.64475
0.1p Ordinary	Sale	5,177	0.645
0.1p Ordinary	Sale	1,757	0.64525
0.1p Ordinary	Sale	4,585	0.6455
0.1p Ordinary	Sale	823	0.64575
0.1p Ordinary	Sale	2,888	0.646
0.1p Ordinary	Sale	271	0.6465
0.1p Ordinary	Sale	801	0.64675
0.1p Ordinary	Sale	726	0.647
0.1p Ordinary	Sale	702	0.64725
0.1p Ordinary	Sale	4,744	0.6475
0.1p Ordinary	Sale	6,912	0.648
0.1p Ordinary	Sale	2,728	0.6485
0.1p Ordinary	Sale	4,888	0.649
0.1p Ordinary	Sale	2,587	0.6495
0.1p Ordinary	Sale	8,071	0.65
0.1p Ordinary	Sale	2,004	0.6505
0.1p Ordinary	Sale	1,525	0.651
0.1p Ordinary	Sale	1,989	0.6515
0.1p Ordinary	Sale	927	0.652
0.1p Ordinary	Sale	501,422	0.653
0.1p Ordinary	Sale	1,663	0.654
0.1p Ordinary	Sale	757	0.6545
0.1p Ordinary	Sale	3,305	0.655
0.1p Ordinary	Sale	2,434	0.6555
0.1p Ordinary	Sale	504,245	0.656
0.1p Ordinary	Sale	2,574	0.6565
0.1p Ordinary	Sale	2,783	0.657
0.1p Ordinary	Sale	503,454	0.6575
0.1p Ordinary	Sale	2,153	0.658
0.1p Ordinary	Sale	1,934	0.6585
0.1p Ordinary	Sale	655	0.6595
0.1p Ordinary	Sale	2,970	0.66

(b) Cash-settled derivative transactions

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
0.1p Ordinary	Call Option	Purchase	500,000	50	American	September 2024	0.105
0.1p Ordinary	Call Option	Purchase	5,500,000	50	American	September 2024	0.11
0.1p Ordinary	Call Option	Purchase	1,000,000	50	American	September 2024	0.115
0.1p Ordinary	Call Option	Purchase	12,000,000	50	American	September 2024	0.1225
0.1p Ordinary	Call Option	Purchase	41,864,000	50	American	September 2024	0.165
0.1p Ordinary	Call Option	Purchase	4,000	56	American	March 2024	0.09
0.1p Ordinary	Call Option	Purchase	40,000	64	American	April 2024	0.041
0.1p Ordinary	Call Option	Purchase	10,000	64	American	April 2024	0.045
0.1p Ordinary	Call Option	Purchase	3,000	68	American	April 2024	0.024
0.1p Ordinary	Call Option	Purchase	15,000	68	American	December 2024	0.0525
0.1p Ordinary	Call Option	Purchase	15,000	68	American	December 2024	0.057
0.1p Ordinary	Call Option	Purchase	40,000	68	American	March 2024	0.016
0.1p Ordinary	Call Option	Sale	41,864,000	50	American	September 2024	0.165
0.1p Ordinary	Call Option	Sale	4,000	56	American	March 2024	0.09
0.1p Ordinary	Call Option	Sale	50,000	64	American	April 2024	0.0325
0.1p Ordinary	Call Option	Sale	40,000	64	American	April 2024	0.041
0.1p Ordinary	Call Option	Sale	3,000	68	American	April 2024	0.015
0.1p Ordinary	Call Option	Sale	3,000	68	American	April 2024	0.024
0.1p Ordinary	Call Option	Sale	15,000	68	American	December 2024	0.057
0.1p Ordinary	Call Option	Sale	40,000	68	American	March 2024	0.015
0.1p Ordinary	Call Option	Sale	40,000	68	American	March 2024	0.016
0.1p Ordinary	Put Option	Purchase	26,500,000	40	American	March 2025	0.007
0.1p Ordinary	Put Option	Purchase	9,100,000	40	American	September 2024	0
0.1p Ordinary	Put Option	Purchase	1,328,000	48	American	March 2024	0
0.1p Ordinary	Put Option	Purchase	6,500,000	50	American	June 2024	0.006
0.1p Ordinary	Put Option	Sale	26,500,000	40	American	March 2025	0.007
0.1p Ordinary	Put Option	Sale	9,100,000	40	American	September 2024	0
0.1p Ordinary	Put Option	Sale	1,328,000	48	American	March 2024	0
0.1p Ordinary	Put Option	Sale	6,500,000	50	American	June 2024	0.006

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None

Is a Supplemental Form 8 (Open Positions) attached?

Yes

Date of disclosure:	20 February 2024
Contact name:	Michael Early
Telephone number*:	+3535-1-215-0851

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Full name of person making disclosure:	SIH Partners, LLLP
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	Currys plc

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit (GBP)	Type e.g. American, European etc.	Expiry date
0.1p Ordinary	Call Option	Purchased	41,864,000	50	American	September 2024
0.1p Ordinary	Call Option	Purchased	15,000	68	American	December 2024
0.1p Ordinary	Put Option	Purchased	1,328,000	48	American	March 2024
0.1p Ordinary	Put Option	Purchased	6,500,000	50	American	June 2024
0.1p Ordinary	Call Option	Purchased	-4,000	56	American	March 2024
0.1p Ordinary	Call Option	Purchased	-40,000	68	American	March 2024
0.1p Ordinary	Call Option	Purchased	-40,000	64	American	April 2024
0.1p Ordinary	Call Option	Purchased	-3,000	68	American	April 2024
0.1p Ordinary	Put Option	Purchased	-9,100,000	40	American	September 2024
0.1p Ordinary	Put Option	Purchased	-26,500,000	40	American	March 2025

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

These options options have been purchased by Susquehanna International Securities limited (SISLTD), a subsidiary of SIH Partners, LLLP (SIHP) as part of a market making strategy. There are no agreements to purchase or sell in place.

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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END

RETFZGZZMZDGDZM

TIDM	CURY
Share Price	151.90p0.47%

Date	22 Feb 2024
Time	11:36:56
Category	Holding(s) in company
ID	1355E

TIDM	CURY
Share Price	151.90p0.47%

Date	22 Feb 2024
Time	11:36:56
Category	Holding(s) in company
ID	1355E

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Form 8.3 -Currys plc

Date of disclosure:

Contact name:

Telephone number*: