REG - CAB Payments Hldgs - Director/PDMR Shareholding
12/11/2024 07:00
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RNS Number : 7936L CAB Payments Holdings PLC 12 November 2024
CAB Payments Holdings plc
12 November 2024
CAB Payments Holdings plc
Notification and public disclosure of transactions by persons discharging
managerial responsibility and persons closely associated with them
The Company announces that on 11 November 2024 the following directors /
persons discharging managerial responsibility ('PDMR') were granted a
Performance Share Award (the 'Award') under the Company's Long Term Incentive
Plan (the 'LTIP').
PDMR Number of Shares
Neeraj Kapur 990,704
Richard Hallett 457,925
Stuart Houlston 273,972
Matthew Talty 215,264
Vesting of the above LTIP awards is conditional on the achievement of
stretching adjusted Earnings Per Share (EPS) targets (for 67% of the award)
and our relative Total Shareholder Return (TSR) against a peer group (for 33%
of the award). No consideration was paid for the grant of the Award and no
price is payable when the Award vests. Shares from vested awards held by
Neeraj, Richard and Stuart are required to be held for a further two years.
The target range for adjusted EPS requires the Company's adjusted EPS to be
14.2 pence for the financial year ending 31 December 2026 for threshold
vesting and 21.2 pence or more for maximum vesting. Straight-line vesting
occurs between these two targets. The TSR performance condition will be
measured from the share price on 1 January 2024 until 31 December 2026. The
target range requires median to upper quartile performance against the peer
group for threshold and maximum vesting.
The relevant notifications set out below are provided in accordance with the
requirements of Article 19 of the UK Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Neeraj Kapur
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name CAB Payments Holdings plc
b) LEI 8945007OZHZDN4LW1G21
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 the financial instrument, type of instrument Ordinary Shares of 0.033⅓ pence each
Identification code
GB00BMCYKB41
b) Nature of the transaction Award under The Crown Agents Bank Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 990,704
d) Aggregated information
- Aggregated volume
- Price 990,704 ordinary shares
Nil
e) Date of the transaction 11 November 2024
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Richard Hallett
2 Reason for the notification
a) Position/status Chief Finance Officer
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name CAB Payments Holdings plc
b) LEI 8945007OZHZDN4LW1G21
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 the financial instrument, type of instrument Ordinary Shares of 0.033⅓ pence each
Identification code
GB00BMCYKB41
b) Nature of the transaction Award under The Crown Agents Bank Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 457,925
d) Aggregated information
- Aggregated volume
- Price 457,925 ordinary shares
Nil
e) Date of the transaction 11 November 2024
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Stuart Houlston
2 Reason for the notification
a) Position/status Chief Operating Officer
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name CAB Payments Holdings plc
b) LEI 8945007OZHZDN4LW1G21
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 the financial instrument, type of instrument Ordinary Shares of 0.033⅓ pence each
Identification code
GB00BMCYKB41
b) Nature of the transaction Award under The Crown Agents Bank Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 273,972
d) Aggregated information
- Aggregated volume
- Price 273,972 ordinary shares
Nil
e) Date of the transaction 11 November 2024
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Matthew Talty
2 Reason for the notification
a) Position/status Head of Banking
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name CAB Payments Holdings plc
b) LEI 8945007OZHZDN4LW1G21
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 the financial instrument, type of instrument Ordinary Shares of 0.033⅓ pence each
Identification code
GB00BMCYKB41
b) Nature of the transaction Award under The Crown Agents Bank Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 215,264
d) Aggregated information
- Aggregated volume
- Price 215,264 ordinary shares
Nil
e) Date of the transaction 11 November 2024
f) Place of the transaction Outside a trading venue
Enquiries:
Lesley Martin - Company Secretary
Lesley.martin@crownagentsbank.com
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