RNS Number : 5600R
Cavendish PLC
03 February 2026
3 February 2026
Cavendish plc
("Cavendish" or the "Company")
Directors' Dealings
Cavendish plc (AIM:CAV) operates an HMRC approved Share Incentive Plan ("SIP") established in February 2024 and administered by Equiniti Share Plan Trustees Limited, as trustee of the SIP (the "SIP Trustee").
The Company is pleased to announce that on 29 January 2026, following an offer to all employees of Cavendish (including its executive directors) to acquire up to £1,800 worth of new ordinary shares in the capital of the Company ("Partnership Shares"), and be awarded up to £3,600 worth of free ordinary shares in the capital of the Company on a buy 1 get 2 free basis ("Matching Shares"), a total of 158 employees elected to participate and have acquired an aggregate of 2,776,431 Partnership Shares, and been allocated an aggregate of 5,552,862 Matching Shares, under the SIP.
The Partnership Shares were acquired by the SIP Trustee on behalf of participants from the Company's Employee Benefit Trust administered by Ogier Global Trustee (Jersey) Limited at a price of £0.1025 per share. The Matching Shares were transferred to the SIP Trustee from the Company's Employee Benefit Trust administered by Apex Financial Services (Trust Company) Limited for nil-consideration.
Details of the Partnership Shares and Matching Shares acquisitions/allocations by/to the Company's directors and PDMRs which took place on 29 January 2026 are as follows:
Director /PDMR
No. of Partnership Shares
No. of Marching Shares
Resulting Shareholding
Shareholding % of ISC
Julian Morse, Co-CEO
17,560
35,120
7,239,758
1.87%
John Farrugia, Co-CEO
17,560
35,120
2,896,633
0.75%
Ben Procter - CFO
17,560
35,120
1,596,535
0.41%
Further details of the subscriptions are included in the notifications below, made in accordance with the requirements of the UK Market Abuse Regulation.
For further information, please contact:
CONTACTS
Cavendish (Management) Tel: +44 (0) 20 7220 0500
Julian Morse, Co-Chief Executive Officer investor.relations@cavendish.com
John Farrugia, Co-Chief Executive Officer
Ben Procter, Chief Financial Officer
SPARK Advisory Partners (Nominated Adviser) Tel: +44 (0) 20 3368 3550
Matt Davis / Angus Campbell
1
Details of the persons discharging managerial responsibility
a)
Name
Julian Morse
2
Reason for the notification
a)
Position/status
Co-CEO
b)
Initial notification/amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Cavendish plc
b)
Legal Entity Identifier Code
213800DLRUJW6JVNS533
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
Ordinary Shares of £0.01 nominal value each
b)
Identification Code
GB00BGKPX309
c)
Nature of the transaction
Purchase of Partnership Shares and allocation of Matching Shares under the SIP.
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Partnership Shares
Price(s) per share
Volume(s)
£0.1025
17,560
Matching Shares
Price(s) per share
Volume(s)
£0.00
35,120
f)
Aggregated Information - Price - Volume - Total Price
Partnership Shares
Price(s) per share
Volume(s)
Total Aggregate Price
£0.1025
17,560
£1,799.90
Matching Shares
Price(s) per share
Volume(s)
Total Aggregate Price
Nil
35,120
Nil
g)
Date of transaction
29 January 2026
h)
Place of transaction
Outside a trading venue
1
Details of the persons discharging managerial responsibility
a)
Name
John Farrugia
2
Reason for the notification
a)
Position/status
Co-CEO
b)
Initial notification/amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Cavendish plc
b)
Legal Entity Identifier Code
213800DLRUJW6JVNS533
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
Ordinary Shares of £0.01 nominal value each
b)
Identification Code
GB00BGKPX309
c)
Nature of the transaction
Purchase of Partnership Shares and allocation of Matching Shares under the SIP.
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Partnership Shares
Price(s) per share
Volume(s)
£0.1025
17,560
Matching Shares
Price(s) per share
Volume(s)
£0.00
35,120
f)
Aggregated Information - Price - Volume - Total Price
Partnership Shares
Price(s) per share
Volume(s)
Total Aggregate Price
£0.1025
17,560
£1,799.90
Matching Shares
Price(s) per share
Volume(s)
Total Aggregate Price
Nil
35,120
Nil
g)
Date of transaction
29 January 2026
h)
Place of transaction
Outside a trading venue
1
Details of the persons discharging managerial responsibility
a)
Name
Ben Procter
2
Reason for the notification
a)
Position/status
CFO
b)
Initial notification/amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Cavendish plc
b)
Legal Entity Identifier Code
213800DLRUJW6JVNS533
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
Ordinary Shares of £0.01 nominal value each
b)
Identification Code
GB00BGKPX309
c)
Nature of the transaction
Purchase of Partnership Shares and allocation of Matching Shares under the SIP.
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Partnership Shares
Price(s) per share
Volume(s)
£0.1025
17,560
Matching Shares
Price(s) per share
Volume(s)
£0.00
35,120
f)
Aggregated Information - Price - Volume - Total Price
Partnership Shares
Price(s) per share
Volume(s)
Total Aggregate Price
£0.098
17,560
£1,799.90
Matching Shares
Price(s) per share
Volume(s)
Total Aggregate Price
Nil
35,120
Nil
g)
Date of transaction
29 January 2026
h)
Place of transaction
Outside a trading venue
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