Grant of LTIP Awards

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

/Amendment

Initial notification

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

 

 

Identification code

Options over Ordinary Shares in the Company

 

 

 

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)

1 pence

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

 

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

/Amendment

Initial notification

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

 

 

Identification code

LTIP Awards - Options over Ordinary Shares in the Company

 

 

 

GB00BDZWB751

b)

Nature of the transaction

Grant of LTIP Awards

c)

Price(s) and volume(s)

Exercise Price

Volume(s)

1 pence

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

 


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

/Amendment

Initial notification

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

 

 

Identification code

LTIP Awards - Options over Ordinary Shares in the Company

 

 

 

GB00BDZWB751

b)

Nature of the transaction

Grant of LTIP Awards

c)

Price(s) and volume(s)

Price

Volume(s)

1 pence

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

 

 

 

For further information, please contact:

Cake Box Holdings plc

Sukh Chamdal, CEO

Michael Botha, CFO

 

+44 (0) 20 4582 3500

Shore Capital (NOMAD and Sole Broker)

Stephane Auton

Patrick Castle

Rachel Goldstein

Fiona Conroy - Corporate Broking

 

+44 (0) 20 7408 4090

Gracechurch Group

Harry Chathli

Alexis Gore

+44 (0) 20 4582 3500

cakebox@gracechurchpr.com

 

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