CAB Payments Holdings PLC Director/PDMR Shareholding
12 November 2024 - 6:00PM
RNS Regulatory News
RNS Number : 7936L
CAB Payments Holdings PLC
12 November 2024
CAB Payments Holdings plc
12 November 2024
CAB Payments
Holdings plc
Notification
and public disclosure of transactions by persons discharging
managerial responsibility and persons closely associated with
them
The Company
announces that on 11 November 2024 the following directors /
persons discharging managerial responsibility ('PDMR') were granted
a Performance Share Award (the 'Award') under the Company's Long
Term Incentive Plan (the 'LTIP').
|
PDMR
|
Number of
Shares
|
|
Neeraj Kapur
|
990,704
|
|
Richard Hallett
|
457,925
|
|
Stuart Houlston
|
273,972
|
|
Matthew Talty
|
215,264
|
Vesting of the
above LTIP awards is conditional on the achievement of stretching
adjusted Earnings Per Share (EPS) targets (for 67% of the award)
and our relative Total Shareholder Return (TSR) against a peer
group (for 33% of the award). No consideration was paid for
the grant of the Award and no price is payable when the Award
vests. Shares from vested awards held by Neeraj, Richard and
Stuart are required to be held for a further
two years.
The target range
for adjusted EPS requires the Company's adjusted EPS to be 14.2
pence for the financial year ending 31 December 2026 for threshold
vesting and 21.2 pence or more for maximum vesting. Straight-line
vesting occurs between these two targets. The TSR performance
condition will be measured from the share price on 1 January 2024
until 31 December 2026. The target range requires median to
upper quartile performance against the peer group for threshold and
maximum vesting.
The relevant
notifications set out below are provided in accordance with the
requirements of Article 19 of the UK Market Abuse
Regulation.
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Neeraj Kapur
|
|
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
|
Award under The Crown Agents Bank Long-Term
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
Nil
|
Volume(s)
990,704
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
990,704 ordinary shares
Nil
|
|
e)
|
Date of the transaction
|
11 November 2024
|
|
f)
|
Place of the transaction
|
Outside 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 Finance 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
|
Award under The Crown Agents Bank Long-Term
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
Nil
|
Volume(s)
457,925
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
457,925 ordinary shares
Nil
|
|
e)
|
Date of the transaction
|
11 November 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Stuart Houlston
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Operating 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
|
Award under The Crown Agents Bank Long-Term
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
Nil
|
Volume(s)
273,972
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
273,972 ordinary shares
Nil
|
|
e)
|
Date of the transaction
|
11 November 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Matthew Talty
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Head of Banking
|
|
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
|
Award under The Crown Agents Bank Long-Term
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
Nil
|
Volume(s)
215,264
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
215,264 ordinary shares
Nil
|
|
e)
|
Date of the transaction
|
11 November 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
Enquiries:
Lesley Martin - Company Secretary
Lesley.martin@crownagentsbank.com
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