REG - Cake Box Holdings - Grant of LTIP Awards

Cake Box HoldingsAnnouncement

09/10/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231009:nRSI3903Pa&default-theme=true

RNS Number : 3903P  Cake Box Holdings PLC  09 October 2023

9 October 2023

 

Cake Box Holdings plc

("Cake Box" or the "Company" or the "Group")

 

Grant of LTIP Awards

 

Further to the Directors' Remuneration Report contained in the Company's 2022
Annual Report and Accounts published on 27 June 2023, the Board of Cake Box
has approved the grant of a total of 716,900 performance shares ("LTIP
Awards") to the following persons discharging management responsibility
("PDMRs") under the Company's 2019 Long Term Incentive Plan.

 

 Name of Director  Role  Number of LTIP Awards  Exercise price  Total LTIP Awards and options over ordinary shares
 Sukh Ram Chamdal  CEO   243,800                £0.01           243,800
 Michael Botha     CFO   330,000                £0.01           330,000
 Jaswir Singh      CCO   143,100                £0.01           143,100

 

The LTIP Awards vest three years from the date of grant on a sliding scale
subject to the EPS performance condition set out in the paragraph below.
There is a minimum holding period of two years post vesting and the awards are
subject to malus and clawback provisions.

 

25% of the LTIP Awards vest if an EPS of 14.00p is achieved in the third
financial year starting from the financial year in which the date of grant
occurs in. An additional 0.1% of the LTIP Awards vest for every 0.0033p
achieved above an EPS of 14.00p, up to a maximum of 100% of the LTIP Awards
granted if an aggregate EPS of 16.50p is achieved in the third financial year
starting from the financial year in which the date of grant occurs in.

 

Further detail is set out in the PDMR disclosure table below

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Sukh Chamdal
 2   Reason for the notification
 a)  Position/status                                              Director
 b)  Initial notification                                         Initial notification

     /Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Cake Box Holdings plc
 b)  LEI                                                          213800HZ61RLHNSM2698
 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  LTIP Awards - Options over Ordinary Shares in the Company

     Identification code

                                                                  GB00BDZWB751
 b)  Nature of the transaction                                    Grant of LTIP Awards
 c)  Price(s) and volume(s)                                       Exercise Price  Volume(s)
                                                                  1pence         243,800 Options
 d)  Aggregated information                                       N/A (single transactions)
 e)  Date of the transactions                                     4 October 2023
 f)  Place of the transaction                                     London Stock Exchange, AIM

d)

Aggregated information

N/A (single transactions)

e)

Date of the transactions

4 October 2023

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Michael Botha
 2   Reason for the notification
 a)  Position/status                                              Director
 b)  Initial notification                                         Initial notification

     /Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Cake Box Holdings plc
 b)  LEI                                                          213800HZ61RLHNSM2698
 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  LTIP Awards - Options over Ordinary Shares in the Company

     Identification code

                                                                  GB00BDZWB751
 b)  Nature of the transaction                                    Grant of LTIP Awards
 c)  Price(s) and volume(s)                                       Exercise Price  Volume(s)
                                                                  1pence         330,000 Options
 d)  Aggregated information                                       N/A (single transactions)
 e)  Date of the transactions                                     4 October 2023
 f)  Place of the transaction                                     London Stock Exchange, AIM

d)

Aggregated information

N/A (single transactions)

e)

Date of the transactions

4 October 2023

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 1                  Details of the person discharging managerial responsibilities / person closely
                    associated
 a)                 Name                                                         Dr Jaswir Singh
 2                  Reason for the notification
 a)                 Position/status                                              Director
 b)                 Initial notification                                         Initial notification

                    /Amendment
 3                  Details of the issuer, emission allowance market participant, auction
                    platform, auctioneer or auction monitor
 a)                 Name                                                         Cake Box Holdings plc
 b)                 LEI                                                          213800HZ61RLHNSM2698
 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  LTIP Awards - Options over Ordinary Shares in the Company

                    Identification code

                                                                                 GB00BDZWB751
 b)                 Nature of the transaction                                    Grant of LTIP Awards
 c)                 Price(s) and volume(s)                                       Price    Volume(s)
                                                                                 1pence  143,100 Options
 d)  Aggregated information                                                      N/A (single transactions)
 e)  Date of the transactions                                                    4 October 2023
 f)  Place of the transaction                                                    London Stock Exchange, AIM

d)

Aggregated information

N/A (single transactions)

e)

Date of the transactions

4 October 2023

f)

Place of the transaction

London Stock Exchange, AIM

 

For further information, please contact:

 

 Cake Box Holdings plc           Enquires via MHP

 Sukh Chamdal, CEO

 Michael Botha, CFO

 Shore Capital                   +44 (0) 20 7408 4090

 Stephane Auton

 Patrick Castle

 Fiona Conroy

 Liberum Capital (Joint Broker)  +44 (0) 20 3100 2000

 Edward Thomas

 MHP Group                       +44 (0) 7834 623818

 Charlie Barker                  cakebox@mhpgroup.com

 Robert Collett-Creedy

 Hugo Harris

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHKZMGGKLGGFZG