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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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