Director/PDMR Shareholding

CAB Payments Holdings PLC

13 July 2023

 

13 July 2023

CAB Payments Holdings plc

Director/PDMR Shareholding

This announcement is made in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (596/2014EU), which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

CAB Payments Holdings plc announces that on 11 July 2023, awards over shares (the "Awards") were made under the Crown Agents Bank Long Term Incentive Plan (the "LTIP"), consequently, the share interests of the under-noted persons discharging managerial responsibility have changed following the making of the Awards.

The Awards for the LTIP, made for nil consideration, are nil-cost options established in accordance with the rules of the LTIP.

The awards to Christopher Green (but not the Executive Directors), which vest after two years are subject to an adjusted earnings per share ("EPS") target and a Total Shareholder Return ("TSR"), measured over the performance period ending 31 December 2024. Three-year Awards are subject to an adjusted earnings per share ("EPS") target and a Total Shareholder Return ("TSR"), measured over the performance period ending 31 December 2025.

Director/PDMR	Role	Number of shares over which Awards are made	Vesting date
Bhairav Trivedi	Chief Executive Officer	302,238	11/07/2026
Richard Hallett	Chief Financial Officer	174,626	11/07/2026
Christopher Green	Chief Risk Officer	80,597	11/07/2025
Christopher Green	Chief Risk Officer	80,597	11/07/2026

Notification and public disclosure of transactions by persons discharging managerial responsibility and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Bhairav Trivedi
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CAB Payments Holdings plc
b)	LEI	8945007OZHZDN4LW1G21
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 Identification code	Ordinary Shares of 0.033⅓ pence each GB00BMCYKB41
b)	Nature of the transaction	Awards made pursuant to the Crown Agents Bank Long Term Incentive Plan ("LTIP").
c)	Price(s) and volume(s)	Price(s)  Nil	Volume(s)   302,238
d)	Aggregated information - Aggregated volume - Price	302,238 Nil
e)	Date of the transaction	11 July 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Richard Hallett
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CAB Payments Holdings plc
b)	LEI	8945007OZHZDN4LW1G21
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 Identification code	Ordinary Shares of 0.033⅓ pence each GB00BMCYKB41
b)	Nature of the transaction	Awards made pursuant to the Crown Agents Bank Long Term Incentive Plan ("LTIP").
c)	Price(s) and volume(s)	Price(s)  Nil	Volume(s)   174,626
d)	Aggregated information - Aggregated volume - Price	174,626 Nil
e)	Date of the transaction	11 July 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Christopher Green
2	Reason for the notification
a)	Position/status	Chief Risk Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CAB Payments Holdings plc
b)	LEI	8945007OZHZDN4LW1G21
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 Identification code	Ordinary Shares of 0.033⅓ pence each GB00BMCYKB41
b)	Nature of the transaction	Awards made pursuant to the Crown Agents Bank Long Term Incentive Plan ("LTIP").
c)	Price(s) and volume(s)	Price(s)  Nil	Volume(s)   161,194
d)	Aggregated information - Aggregated volume - Price	161,194 Nil
e)	Date of the transaction	11 July 2023
f)	Place of the transaction	Outside of a trading venue

Enquiries:

Company Secretary
Lesley Martin	[phone] [e-mail]

 

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