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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