Director/PDMR Shareholding

CAB Payments Holdings PLC
13 July 2023
 

13 July 2023

CAB Payments Holdings plc

 

Director/PDMR Shareholding

 

This announcement is made in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (596/2014EU), which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

 

CAB Payments Holdings plc announces that on 11 July 2023, awards over shares (the "Awards") were made under the Crown Agents Bank Long Term Incentive Plan (the "LTIP"), consequently, the share interests of the under-noted persons discharging managerial responsibility have changed following the making of the Awards.

The Awards for the LTIP, made for nil consideration, are nil-cost options established in accordance with the rules of the LTIP.

The awards to Christopher Green (but not the Executive Directors), which vest after two years are subject to an adjusted earnings per share ("EPS") target and a Total Shareholder Return ("TSR"), measured over the performance period ending 31 December 2024. Three-year Awards are subject to an adjusted earnings per share ("EPS") target and a Total Shareholder Return ("TSR"), measured over the performance period ending 31 December 2025.

Director/PDMR

Role

Number of shares over which Awards are made

Vesting date

Bhairav Trivedi

Chief Executive Officer

302,238

  11/07/2026

Richard Hallett

Chief Financial Officer

174,626

  11/07/2026

Christopher Green

Chief Risk Officer

80,597

  11/07/2025

Christopher Green

Chief Risk Officer

80,597

  11/07/2026

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibility and persons closely associated with them

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Bhairav Trivedi

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

 

Awards made pursuant to the Crown Agents Bank Long Term Incentive Plan ("LTIP"). 

 

c)

Price(s) and volume(s)

 

 Price(s)

 Nil

  Volume(s)

  302,238

d)

Aggregated information

- Aggregated volume

- Price

 

 

 

302,238

 

Nil

e)

Date of the transaction

 

11 July 2023

f)

Place of the transaction

 

Outside of 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 Financial 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

 

Awards made pursuant to the Crown Agents Bank Long Term Incentive Plan ("LTIP"). 

 

c)

Price(s) and volume(s)

 

 Price(s)

 Nil

  Volume(s)

  174,626

d)

Aggregated information

- Aggregated volume

- Price

 

 

 

174,626

 

Nil

e)

Date of the transaction

 

11 July 2023

f)

Place of the transaction

 

Outside of a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Christopher Green

2

Reason for the notification

 

a)

Position/status

 

Chief Risk 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

 

Awards made pursuant to the Crown Agents Bank Long Term Incentive Plan ("LTIP"). 

 

c)

Price(s) and volume(s)

 

 Price(s)

 Nil

  Volume(s)

  161,194

d)

Aggregated information

- Aggregated volume

- Price

 

 

 

161,194

 

Nil

e)

Date of the transaction

 

11 July 2023

f)

Place of the transaction

 

Outside of a trading venue

 

 

Enquiries:

 

Company Secretary

Lesley Martin

 

+44 (0) 7917 794 130

investorrelations@cabpayments.com

 

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