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RNS Number : 6630P ProCook Group PLC 03 July 2025
ProCook Group plc
Grant of Executive Share Awards
ProCook Group plc (the "Company"), the UK's leading direct-to-consumer
specialist kitchenware brand, announces that on 1 July 2025 awards were
granted to Lee Tappenden, CEO, and Dan Walden, CFO, as Executive Directors and
PDMRs, under both the ProCook Group plc Performance Share Plan 2021 ("PSP")
and the ProCook Group plc Deferred Bonus Plan 2021 ("DBP"), as set out below.
PSP share award DBP share award
Lee Tappenden 1,011,456 217,961
Dan Walden 683,744 147,341
The options over the Company's ordinary shares of 1 pence each ("Ordinary
Shares") awarded under the PSP to Lee Tappenden and Dan Walden are subject to
the achievement of certain earnings per share performance conditions. These
options vest on the third anniversary of the date of grant and are subject to
a two-year holding period.
The awards granted under the DBP relate to the deferral into Ordinary Shares
of 25% of the bonus awards for Lee Tappenden and Dan Walden for the financial
year ended 30 March 2025 as approved by the Company's Remuneration Committee.
The awards will vest on the second anniversary of the date of grant.
The average closing price for an Ordinary Share, as derived from the Official
List, for three consecutive business days immediately preceding the date of
grant, was used to calculate the number of Ordinary Shares over which the
awards have been made.
The notifications set out below are provided in accordance with the
requirements of the UK Market Abuse Regulation.
1. Details of PDMR
(a) Name Lee Tappenden
2. Reason for notification
(b) Position / status Chief Executive Officer
(c) Initial notification / amendment Initial notification
3. Details of the Issuer
(a) Name ProCook Group plc
(b) LEI 213800RWZMK3ARHMUN52
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 transaction(s) have been conducted
(a) Description of the financial instrument, type of instrument Ordinary shares in the capital of ProCook Group plc
Identification code
GB00BNRR8331
(b) Nature of the transaction 1) Grant of an option under the PSP to acquire Ordinary Shares
2) Grant of award of Ordinary Shares under the DBP
(c) Price(s) and volume Award Price(s) Volume
PSP 1) Nil 1,011,456
DBP 2) Nil 217,961
(d) Aggregated information
-Aggregated volume 1,229,417
-Price Nil
(e) Date of the transaction 1 July 2025
(f) Place of the transaction Outside a trading venue
(d)
Aggregated information
-Aggregated volume
-Price
1,229,417
Nil
(e)
Date of the transaction
1 July 2025
(f)
Place of the transaction
Outside a trading venue
1. Details of PDMR
(a) Name Dan Walden
2. Reason for notification
(b) Position / status Chief Financial Officer
(c) Initial notification / amendment Initial notification
3. Details of the Issuer
(a) Name ProCook Group plc
(b) LEI 213800RWZMK3ARHMUN52
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 transaction(s) have been conducted
(a) Description of the financial instrument, type of instrument Ordinary shares in the capital of ProCook Group plc
Identification code
GB00BNRR8331
(b) Nature of the transaction 1) Grant of an option under the PSP to acquire Ordinary Shares
2) Grant of award of Ordinary Shares under the DBP
(c) Price(s) and volume Price(s) Volume
PSP 1) Nil 683,744
DBP 2) Nil 147,341
(d) Aggregated information
-Aggregated volume 831,085
-Price Nil
(e) Date of the transaction 1 July 2025
(f) Place of the transaction Outside a trading venue
(d)
Aggregated information
-Aggregated volume
-Price
831,085
Nil
(e)
Date of the transaction
1 July 2025
(f)
Place of the transaction
Outside a trading venue
For further information please contact:
ProCook Group plc investor.relations@procook.co.uk
Lee Tappenden, Chief Executive Officer
Dan Walden, Chief Financial Officer
MHP Communications (Financial PR Adviser) procook@mhpc.com
Katie Tel: +44 (0)7711 191 518
Hunt
Lucy Gibbs
Notes to editors:
ProCook is the UK's leading direct-to-consumer specialist kitchenware brand.
ProCook designs, develops, and retails a high-quality range of direct-sourced
and own-brand kitchenware which provides customers with significant value for
money.
The brand sells directly through its website, www.procook.co.uk, and through
68 own-brand retail stores, located across the UK.
Founded over 25 years ago as a family business, selling cookware sets by
direct mail in the UK, ProCook has grown into a market leading, multi-channel
specialist kitchenware company, employing over 600 colleagues, and operating
from its Store Support Centre in Gloucester.
As a B Corp, a Real Living Wage employer and a certified Great Place to
Work(TM), ProCook is committed to being a socially responsible and
environmentally conscious business for the benefit of all stakeholders.
ProCook has been listed on the London Stock Exchange since November 2021
(PROC.L).
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