Last checked at 26 Jul 2019 12:45
26 July 2019
Cake Box Holdings plc
("Cake Box" or the "Company" or the "Group")
Grant of Options under the Company's EMI Scheme
Cake Box Holdings plc, the specialist retailer of fresh cream cakes, announces the following grant of options over ordinary shares in the Company ("Options") under the Company's Enterprise Management Incentive Scheme ("EMI Scheme") and the (Unapproved) Employee Share Option Scheme (the "Share Option Scheme") which were approved by shareholders at the Company's Annual General Meeting held on 23 July 2019 (the "AGM").
The key terms of the EMI Scheme and the Share Option Scheme, including vesting conditions of Options granted under the schemes were set out in the Company's notice of the AGM.
Under the EMI Scheme, a total of 423,485 Options were granted to Sukh Chamdal, Chief Executive Officer, Pardip Dass, Chief Financial Officer, and Dr Jaswir Singh, Chief Operating Officer, as set out below.
Director | Options granted under the EMI Scheme |
Sukh Chamdal | 266,667 |
Pardip Dass | 23,485 |
Dr Jaswir Singh | 133,333 |
Under the Employee Share Option Scheme, a total of 151,515 Options have been granted to Pardip Dass, and a further 113,401 Options in aggregate have been granted to other employees.
The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further details on the grant of Options to PDMRs.
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
| Grant of Options under the Company's EMI Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A (single transactions) | ||||
e)
| Date of the transactions
| 25 July 2019 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM
| ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
a)
| Name
| Pardip Dass | ||||||||
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
| Grant of Options under the Company's EMI Scheme and the Share Option Scheme | ||||||||
c)
| Price(s) and volume(s)
| EMI Scheme
Share Option Scheme
| ||||||||
d)
| Aggregated information
| N/A (single transactions) | ||||||||
e)
| Date of the transactions
| 25 July 2019 | ||||||||
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
| Options over Ordinary Shares in the Company
GB00BDZWB751 | ||||||||
b)
| Nature of the transaction
| Grant of Options under the Company's EMI Scheme | ||||||||
c)
| Price(s) and volume(s)
|
| ||||||||
d)
| Aggregated information
| N/A (single transactions) | ||||||||
e)
| Date of the transactions
| 25 July 2019 | ||||||||
f)
| Place of the transaction
| London Stock Exchange, AIM
| ||||||||
For further information, please contact:
Cake Box Holdings plc Sukh Chamdal, CEO Pardip Dass, CFO
| +44 (0) 20 8443 1113 |
Shore Capital Stephane Auton Patrick Castle James Thomas
| +44 (0) 20 7408 4090 |
MHP Communications Oliver Hughes Simon Hockridge Charlie Barker Pete Lambie
| +44 (0) 20 3128 8570 |