REG - Cake Box Holdings - Grant of LTIP Awards

Cake Box HoldingsAnnouncement

31/07/2024 13:45

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RNS Number : 6310Y  Cake Box Holdings PLC  31 July 2024

31 July 2024

 

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 2024
Annual Report and Accounts published on 4 July 2024, the Board of Cake Box has
approved the grant of a total of 374,286 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 value of LTIP Awards
 Sukh Ram Chamdal  CEO   148,571                £0.01           £260,000
 Michael Botha     CFO   134,286                £0.01           £235,000
 Jaswir Singh      CCO   91,429                 £0.01           £160,000

 

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 Award vests if an undiluted EPS of 16.15p is achieved in the
third financial year starting from the financial year in which the date of
grant occurs. An additional 0.1% of the LTIP Award vests for every 0.0033p
achieved above an undiluted EPS of 16.15p, up to a maximum of 100% of the LTIP
Award granted if an aggregate EPS of 18.65p 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  Options over Ordinary Shares in the Company

     Identification code

                                                                  GB00BDZWB751
 b)  Nature of the transaction                                    LTIP Awards - Options over Ordinary Shares in the Company
 c)  Price(s) and volume(s)                                       Exercise Price  Volume(s)
                                                                  1pence         148,571 Options

 

 

 

 d)  Aggregated information                                       N/A (single transactions)
 e)  Date of the transactions                                     30 July 2024
 f)  Place of the transaction                                     London Stock Exchange, AIM

 

 

d)

Aggregated information

N/A (single transactions)

e)

Date of the transactions

30 July 2024

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         134,286 Options

 

 

 

 d)  Aggregated information                                       N/A (single transactions)
 e)  Date of the transactions                                     30 July 2024
 f)  Place of the transaction                                     London Stock Exchange, AIM

 

 

d)

Aggregated information

N/A (single transactions)

e)

Date of the transactions

30 July 2024

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  91,429 Ordinary Shares

 

 

 

 d)                                  Aggregated information          N/A (single transactions)
 e)                                  Date of the transactions        30 July 2024
 f)                                  Place of the transaction        London Stock Exchange, AIM

 

 

d)

Aggregated information

N/A (single transactions)

 

e)

Date of the transactions

30 July 2024

 

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

For further information, please contact:

 Cake Box Holdings plc                  +44 (0) 20 4582 3500

 Sukh Chamdal, CEO

 Michael Botha, CFO

 Shore Capital (NOMAD and Sole Broker)  +44 (0) 20 7408 4090

 Stephane Auton

 Patrick Castle

 Rachel Goldstein

 Fiona Conroy - Corporate Broking

 Gracechurch Group                      +44 (0) 20 4582 3500

 Harry Chathli                          cakebox@gracechurchpr.com

 Alexis Gore

 

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