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) |
| ||||||
| 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) |
| ||||||
| 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) |
| ||||||||
| 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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