PDMR LTIP notification and public disclosure
In brief · summary, not quotable
CAB Payments Holdings plc announced on March 11, 2026, that several persons discharging managerial responsibilities were granted Performance Share Awards under the Long Term Incentive Plan. The awards, which have no upfront cost and are conditional on achieving adjusted EPS, cost-income ratio, and Adjusted EBITDA per FTE targets, include 1,296,493 shares for Neeraj Kapur, 749,085 for James Hopkinson, 565,243 for David Bee, 376,829 for Clare Davies, 439,634 for Stuart Houlston, 376,829 for Marcia Jones, 376,829 for Simon Ramage, and 471,036 for Matthew Talty. Vested shares must be held for an additional two years.
Full announcement
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The Company announces that on 11 March 2026 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').
| Name of eligible employee | Maximum number of Shares subject to the Award* |
|---|---|
| Neeraj Kapur | 1,296,493 |
| James Hopkinson | 749,085 |
| David Bee | 565,243 |
| Clare Davies | 376,829 |
| Marcia Jones | 376,829 |
| Stuart Houlston | 439,634 |
| Simon Ramage | 376,829 |
| Matthew Talty | 471,036 |
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.
| 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 | |
| a) | Name | CAB Payments Holdings plc | |
| b) | LEI | 8945007OZHZDN4LW1G21 | |
| 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) 1,296,493 |
| d) | Aggregated information - Aggregated volume - Price | 1,296,493 ordinary shares Nil | |
| e) | Date of the transaction | 11 March 2026 | |
| 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 | |
| a) | Name | CAB Payments Holdings plc | |
| b) | LEI | 8945007OZHZDN4LW1G21 | |
| 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) 749,085 |
| d) | Aggregated information - Aggregated volume - Price | 749,085 ordinary shares Nil | |
| e) | Date of the transaction | 11 March 2026 | |
| 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 | |
| a) | Name | CAB Payments Holdings plc | |
| b) | LEI | 8945007OZHZDN4LW1G21 | |
| 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) 565,243 |
| d) | Aggregated information - Aggregated volume - Price | 565,243 ordinary shares Nil | |
| e) | Date of the transaction | 11 March 2026 | |
| 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 | |
| a) | Name | CAB Payments Holdings plc | |
| b) | LEI | 8945007OZHZDN4LW1G21 | |
| 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) 376,829 |
| d) | Aggregated information - Aggregated volume - Price | 376,829 ordinary shares Nil | |
| e) | Date of the transaction | 11 March 2026 | |
| 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 | |
| a) | Name | CAB Payments Holdings plc | |
| b) | LEI | 8945007OZHZDN4LW1G21 | |
| 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) 439,634 |
| d) | Aggregated information - Aggregated volume - Price | 439,634 ordinary shares Nil | |
| e) | Date of the transaction | 11 March 2026 | |
| 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 | |
| a) | Name | CAB Payments Holdings plc | |
| b) | LEI | 8945007OZHZDN4LW1G21 | |
| 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) 376,829 |
| d) | Aggregated information - Aggregated volume - Price | 376,829 ordinary shares Nil | |
| e) | Date of the transaction | 11 March 2026 | |
| 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 | |
| a) | Name | CAB Payments Holdings plc | |
| b) | LEI | 8945007OZHZDN4LW1G21 | |
| 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) 376,829 |
| d) | Aggregated information - Aggregated volume - Price | 376,829 ordinary shares Nil | |
| e) | Date of the transaction | 11 March 2026 | |
| 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 | |
| a) | Name | CAB Payments Holdings plc | |
| b) | LEI | 8945007OZHZDN4LW1G21 | |
| 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) 471,036 |
| d) | Aggregated information - Aggregated volume - Price | 471,036 ordinary shares Nil | |
| e) | Date of the transaction | 11 March 2026 | |
| f) | Place of the transaction | Outside a trading venue |
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