REG - ProCook Group PLC - Grant of Executive Share Awards

PROCOOKAnnouncement

03/07/2025 14:30

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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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