Cake Box Holdings PLC Grant of LTIP Awards - Correction (6817P)
October 10 2023 - 11:52AM
UK Regulatory
TIDMCBOX
RNS Number : 6817P
Cake Box Holdings PLC
10 October 2023
The following corrections have been made to the 'Grant of LTIP
Awards' announcement released on 9 October 2023 under RNS Number:
3903P
The tables showed the value of performance shares ("LTIP
Awards") issued and not the number of LTIP Awards. The individual
and total LTIP Awards and values of the LTIP Awards have been
amended to reflect this.
All other details remain unchanged.
The full amended text is shown below.
10 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
442,529 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 Exercise Total value
LTIP Awards price of LTIP Awards
and options over
ordinary shares
Sukh Ram Chamdal CEO 150,493 GBP0.01 GBP243,799
---- ------------- --------- -----------------
Michael Botha CFO 203,703 GBP0.01 GBP330,000
---- ------------- --------- -----------------
Jaswir Singh CCO 88,333 GBP0.01 GBP143,099
---- ------------- --------- -----------------
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 150,493 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 203,703 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 88,333 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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