Result of Meeting

Currys PLC

21 November 2023

 

FOR IMMEDIATE RELEASE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

Currys plc ("Company", "Group" or "Currys")
Results of the General Meeting

On 3 November 2023, Currys plc announced that it had entered into an agreement for the sale of Dixons South East Europe A.E.V.E., the holding company of Currys' entire Greece and Cyprus retail business, trading as Kotsovolos ("Kotsovolos"), to Public Power Corporation S.A. ("PPC" or the "Purchaser") (the "Disposal").

Currys is pleased to announce that at the General Meeting held earlier today, the resolution seeking approval of the Disposal was duly approved by the requisite majorities on a poll, with 904,170,946 votes submitted in favour.

Full details of the vote are set out below

RESOLUTION	VOTES FOR	% FOR	VOTES AGAINST	% AGAINST	% ISC VOTED	VOTES WITHHELD
To approve the Disposal and to authorise the Currys directors to do everything to give effect to the Resolution	904,170,946	99.99%	48,460	0.01%	79.77%	47,774

Completion of the Disposal is expected take place in the first quarter of 2024, subject to merger control clearance from the European Commission or the Hellenic Competition Commission, and certain other conditions.

Notes:

1.    The full text of the Resolution is set out in the notice of general meeting in the circular posted to Currys shareholders.

2.    The total number of ordinary shares of 0.1p each in issue on the share register as at the date of meeting was 1,133,494,651 and all of these have voting rights.

3.    Percentages above are rounded to 2 decimal places.

4.    A vote 'Withheld' is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution, the total votes validly cast or the calculation of the proportion of issued share capital voted.

In accordance with Listing Rule 9.6.2R, a copy of the resolution passed at the General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Next scheduled announcement

The Group is scheduled to publish its interim results on 14 December 2023

For further enquiries

Dan Homan	Investor Relations	[phone]
Toby Bates	Corporate Communications	[phone]
Tim Danaher, Sophie Brewis	Brunswick Group	[phone]
Andrew Seaton, Robert Farrington	Citigroup Global Markets Limited (Sponsor, Financial Adviser & Corporate Broker)	[phone]

Further Information

Information on Currys plc is available at www.currysplc.com
Follow us on X, formerly known as Twitter: @currysplc

Important information

This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. Currys Ordinary Shareholders are advised to carefully read the circular in relation to the Disposal once it has been despatched. Any response to the Disposal should be made only on the basis of the information in the circular to follow.

Certain statements made in this announcement are forward-looking. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future events or results referred to in these forward-looking statements. Unless otherwise required by applicable laws, regulations or accounting standards, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Information contained on the Currys plc website or the X, formerly known as Twitter, feed does not form part of this announcement and should not be relied on as such.

Citi, which is authorised by the Prudential Regulation Authority ("PRA") and regulated in the UK by the Financial Conduct Authority and the PRA, is acting as financial adviser and sponsor exclusively for Currys and for no one else in connection with the disposal, or any other matters described in this announcement and will not be responsible to anyone other than Currys for providing the protections afforded to clients of Citi nor for providing advice in connection with the disposal, or any other matters referred to in this announcement. Neither Citi nor any of its affiliates, directors or employees owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, consequential, whether in contract, in tort, in delict, under statute or otherwise) to any person who is not a client of Citi in connection with the disposal, this announcement, any statement contained herein, or otherwise.

 

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