Form 8 (OPD) - Currys plc

Currys PLC

29 February 2024

 

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Currys plc
(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.	N/A
(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) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held:      The latest practicable date prior to the disclosure	28 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 PARTY TO THE OFFER 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

Class of relevant security:	Ordinary shares of 0.1p each
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	NIL	-	NIL	-
(2) Cash-settled derivatives:	NIL	-	NIL	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	NIL	-	NIL	-
TOTAL:	NIL	-	NIL	-

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).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)        Rights to subscribe for new securities

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

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

(a) Interests held by the directors of Currys plc and their close relatives and related trusts Name No. of ordinary shares Percentage of total issued share capital (excl. share options) (1) Alex Baldock 2,978,473 0.26% Bruce Marsh 216,892 0.01% Eileen Burbidge 4,200 0.00% Tony DeNunzio 480,000(2) 0.04% Ian Dyson 350,000 0.03% Magdalena Gerger 10,537 0.00% Fiona McBain 28,129 0.00% Gerry Murphy 100,000 0.00% Yvonne Walker 102,635 0.00% (1) Total number of ordinary shares in issue 1,133,494,651 of 0.1p each with voting rights. (2) Held through De Nunzio Associates Ltd. (b) Interests held as options or awards under the share plans of Currys plc by the directors of Currys plc and their close relatives and related trusts Name Share Plan No. of outstanding ordinary shares under options/awards Date of grant Vesting/first exercisable date Option price (p) Alex Baldock Sharesave 6,662 28 August 2020 1 October 2025 66.64 Sharesave 20,242 25 August 2022 1 October 2027 59.28 Sharesave 12,116 23 February 2024 1 April 2029 38.60 2016 Long Term Incentive Plan (LTIP) 1,677,632 2 August 2021 2 August 2024 Nil Deferred Share Bonus Plan (DSBP) 523,659 25 July 2022 25 July 2024 Nil LTIP 3,083,824 25 July 2022 25 July 2025 Nil DSBP 288,617 3 August 2023 3 August 2023 Nil LTIP 3,642,742 28 July 2023 28 July 2026 Nil Bruce Marsh Sharesave 22,530 25 August 2022 1 October 2025 59.28 Sharesave 12,116 23 February 2024 1 April 2027 38.60 LTIP 803,018 2 August 2021 2 August 2024 Nil Buyout Award 337,673 22 October 2021 22 October 2021 Nil DSBP 198,979 25 July 2022 25 July 2024 Nil LTIP 1,454,303 25 July 2022 25 July 2025 Nil DSBP 141,573 28 July 2023 3 August 2023 Nil LTIP 1,958,817 28 July 2023 28 July 2026 Nil

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).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

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 party to the offer making the disclosure or any person acting in concert with it: 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 party to the offer making the disclosure, or any person acting in concert with it, 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

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	29 February 2024
Contact name:	Sarah Thomas, Deputy Company Secretary
Telephone number:	[phone]

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 [phone].

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

 

END