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LONDON - ProCook Group plc, the UK’s leading direct-to-consumer kitchenware brand, has granted share awards to its top executives under two company incentive schemes, according to a press release issued on Thursday.
Chief Executive Officer Lee Tappenden received 1,011,456 shares under the Performance Share Plan (PSP) and 217,961 shares under the Deferred Bonus Plan (DBP). Chief Financial Officer Dan Walden was granted 683,744 shares under the PSP and 147,341 shares under the DBP.
The PSP options are subject to earnings per share performance conditions and will vest on the third anniversary of the July 1 grant date, followed by a two-year holding period.
The DBP awards represent 25% of the executives’ bonus awards for the financial year ended March 30, 2025, as approved by the company’s Remuneration Committee. These awards will vest on the second anniversary of the grant date.
The number of ordinary shares in the awards was calculated using the average closing price for ProCook shares over three consecutive business days immediately preceding the grant date.
Both executives received their awards at nil cost, with Tappenden’s total allocation amounting to 1,229,417 shares and Walden’s totaling 831,085 shares.
The notifications were provided in accordance with UK Market Abuse Regulation requirements.
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