4 April 2025
CAB Payments Holdings plc and its subsidiaries
("CAB Payments", the "Group" or the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibility and persons closely associated with them
The Company announces that on 3 April 2025 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 | 2,293,318 |
| James Hopkinson | 1,325,028 |
| David Bee | 1,019,252 |
| Clare Davies | 679,501 |
| Stuart Houlston | 634,201 |
| Marcia Jones | 679,501 |
| Simon Ramage | 679,501 |
| Matthew Talty | 849,377 |
Vesting of the above LTIP awards is conditional on the achievement of stretching adjusted Earnings Per Share (EPS) targets (for 60% of the award), cost-income ratio targets (for 20% of the award) and Adjusted EBITDA per average FTE (for 20% of the award). No consideration was paid for the grant of each award and no price is payable on vesting. Shares from vested awards are required to be held for a further two years.
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) 2,293,318 |
| d) | Aggregated information - Aggregated volume
- Price
|
2,293,318 ordinary shares
Nil | |
| e) | Date of the transaction | 3 April 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | James Hopkinson | |
| 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 | Award under The Crown Agents Bank Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | Price(s) Nil | Volume(s) 1,325,028 |
| d) | Aggregated information - Aggregated volume
- Price
|
1,325,028 ordinary shares
Nil | |
| e) | Date of the transaction | 3 April 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | David Bee | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Commercial 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) 1,019,252 |
| d) | Aggregated information - Aggregated volume
- Price
|
1,019,252 ordinary shares
Nil | |
| e) | Date of the transaction | 3 April 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Clare Davies | |
| 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 | Award under The Crown Agents Bank Long-Term Incentive Plan | |
| c) | Price(s) and volume(s) | Price(s) Nil | Volume(s) 679,501 |
| d) | Aggregated information - Aggregated volume
- Price
|
679,501 ordinary shares
Nil | |
| e) | Date of the transaction | 3 April 2025 | |
| 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) 634,201 |
| d) | Aggregated information - Aggregated volume
- Price
|
634,201 ordinary shares
Nil | |
| e) | Date of the transaction | 3 April 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Marcia Jones | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief People 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) 679,501 |
| d) | Aggregated information - Aggregated volume
- Price
|
679,501 ordinary shares
Nil | |
| e) | Date of the transaction | 3 April 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Simon Ramage | |
| 2 | Reason for the notification | ||
| a) | Position/status | General Counsel | |
| 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) 679,501 |
| d) | Aggregated information - Aggregated volume
- Price
|
679,501 ordinary shares
Nil | |
| e) | Date of the transaction | 3 April 2025 | |
| 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) 849,377 |
| d) | Aggregated information - Aggregated volume
- Price
|
849,377 ordinary shares
Nil | |
| e) | Date of the transaction | 3 April 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
Enquiries:
Lesley Martin - Company Secretary
Lesley.martin@crownagentsbank.com
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