Cake Box Holdings PLC Grant of LTIP Awards (3903P)
09 Octubre 2023 - 1:00AM
UK Regulatory
TIDMCBOX
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 Exercise price Total LTIP Awards
Awards and options over
ordinary shares
Sukh Ram Chamdal CEO 243,800 GBP0.01 243,800
----- --------------- --------------- -----------------
Michael Botha CFO 330,000 GBP0.01 330,000
----- --------------- --------------- -----------------
Jaswir Singh CCO 143,100 GBP0.01 143,100
----- --------------- --------------- -----------------
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 LTIP Awards - Options over Ordinary
financial instrument, Shares in the Company
type of instrument
Identification code GB00BDZWB751
-------------------------- ------------------------------------
b) Nature of the transaction Grant of LTIP Awards
-------------------------- ------------------------------------
c) Price(s) and volume(s) Exercise Price Volume(s)
1 pence 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
-------------------------- ------------------------------------
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 LTIP Awards - Options over
financial instrument, Ordinary Shares in the Company
type of instrument
Identification code GB00BDZWB751
-------------------------- -----------------------------------
b) Nature of the transaction Grant of LTIP Awards
-------------------------- -----------------------------------
c) Price(s) and volume(s) Exercise Price Volume(s)
1 pence 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
-------------------------- -----------------------------------
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 LTIP Awards - Options over Ordinary
the financial instrument, Shares in the Company
type of instrument
Identification GB00BDZWB751
code
--------------------------- ------------------------------------
b) Nature of the transaction Grant of LTIP Awards
--------------------------- ------------------------------------
c) Price(s) and volume(s) Price Volume(s)
1 pence 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
----------------------------- ------------------------------------
For further information, please contact:
Cake Box Holdings plc Enquires via MHP
Sukh Chamdal, CEO
Michael Botha, CFO
Shore Capital
Stephane Auton
Patrick Castle
Fiona Conroy +44 (0) 20 7408 4090
Liberum Capital (Joint Broker)
Edward Thomas +44 (0) 20 3100 2000
MHP Group +44 (0) 7834 623818
Charlie Barker cakebox@mhpgroup.com
Robert Collett-Creedy
Hugo Harris
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END
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