Inactive Instrument

Patisserie Holdings PLC

GB00BM4NV504

Patisserie : Clarification regarding LTIP Scheme

October 24, 2018 at 04:03 am EDT

Clarification regarding LTIP Scheme

Released : 24-10-2018 08:55

RNS Number : 0163F Patisserie Holdings PLC 24 October 2018

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014.

For immediate release

24 October 2018

Patisserie Holdings plc

Clarification regarding LTIP Scheme

Patisserie Holdings plc (AIM: CAKE) (the "Company") notes the recent press commentary regarding the Company's three year 2014 long-term incentive plan for executives ("LTIP") and would like to confirm the current status of awards under the LTIP.

Paul May

Year of Grant	Number of Options granted	Exercisable Period	Status
2014	1,000,000	June 2017 - June 2019	Exercised at 170p as announced on 07 February 2018
2015	1,000,000	June 2018 - June 2020	Exercised at 316p as announced on 20 July 2018
2016	1,000,000	June 2019 - June 2021	Remain unvested and are now considered by the Company as being unlikely to become exercisable under the rules of the LTIP

Chris Marsh

Remain unvested and are now considered by the Company as being unlikely to become exercisable under the rules of the LTIP

The Company¸ as part of the ongoing investigation, is seeking to understand why the grant of options relating to 2015 and 2016 have not been appropriately disclosed and accounted for in its financial statements.

Enquiries:

Patisserie Holdings PLC

Luke Johnson, Executive Chairman Paul May, Chief Executive Officer

Nomad and Broker

Canaccord Genuity Limited Chris Connors

Henry Fitzgerald-O'Connor

Financial Public Relations Maitland

Sam Cartwright Jonathan Cook

+44 (0)121 777 7000

+44 (0)20 7523 8000

+44 (0) 20 7379 5151

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contactrns@lseg.com or visitwww.rns.com.

END

MSCDZLBLVBFZFBD

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Patisserie Holdings plc published this content on 24 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 October 2018 08:02:04 UTC

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Company Profile

Patisserie Holdings PLC is a United Kingdom-based cafe and casual dining company. The Company offers cakes, pastries, snacks, meals, and hot and cold drinks across the United Kingdom. The Company's segments include Patisserie Valerie, Druckers, Baker & Spice, Flour Power and Philpotts. It offers products, such as coffee, dairy, fruit, packaging, cocoa and wheat items. It offers cakes in various categories, including celebration cakes, gluten free cakes and wedding cakes. The Company operates under various brands, including Patisserie Valerie, Druckers-Vienna Patisserie, Philpotts, Baker & Spice and Flour Power City Bakery. The Company offers a range of cakes, such as Gluten Free Flapjack, Gluten Free Chocolate Chip Muffin, Cortina, Chocolate Box, Carrot Cake, Cheesecake, Blackforest, Exotic Fruit Tart, Pecan Tart, Citron Tart, Choc Mousse, Mixed Berry Mousse, Raspberry Tart, Madame Valerie Slice, Mille-Feuille, Gluten Free Chocolate Brownie and Gluten Free Marble Cake.

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Restaurants & Bars

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