REG - Cavendish Financial - Directors Dealings and Total Voting Rights
19/03/2024 14:30
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RNS Number : 4684H Cavendish Financial PLC 19 March 2024
19 March 2024
Cavendish Financial plc
(the "Cavendish", the "Company", the Group)
Directors Dealings and Total Voting Rights
Cavendish Financial plc (AIM:CAV) is pleased to announce that the invitation
period for the Company's Share Incentive Plan (the "SIP") closed to eligible
employees on 6 March 2024 and 183 employees have chosen to participate.
The SIP is administered by Equiniti Share Plan Trustees Limited (as trustee of
the SIP), a UK incorporated company, who is the registered holder of the
Shares.
Accordingly, on 19 March, Cavendish issued 10,083,483 new ordinary shares of 1
pence each (the "Shares") to Equiniti Share Plan Trustees Limited, in its
capacity as Trustee of the SIP. 3,361,161 Shares were issued under the
Partnership Shares element of the SIP at a price of £0.098 per Share and
6,722,322 Shares were issued under the Matching Shares element of the SIP at a
price of £0.01 per Share.
The Company will make an application for admission of these newly issued and
allotted shares to trading on AIM. Admission is expected to take place at
8.00 a.m. on 25 March 2024.
Total Voting Rights
In compliance with the FCA's Disclosure Guidance and Transparency Rules, the
Company announces that, as at today's date, it has 384,693,548 ordinary shares
of 1 pence each in issue. The Company does not hold any shares in treasury
and all of the ordinary shares have equal voting rights.
The figure of 384,693,548 ordinary shares represents the total voting rights
in the Company and may be used by shareholders as the denominator for the
calculations by which they can determine if they are required to notify their
interest in, or a change to their interest in, the Company under the Rules.
Directors and PDMRs Dealings
In connection with their participation in the SIP, Cavendish also announces
today the following acquisitions/allocations of Shares by/to its directors and
PDMRs which took place on 19 March 2024:
Director /PDMR No. of Partnership Shares No. of Marching Shares Resulting Shareholding Shareholding % of ISC
Julian Morse, Co-CEO 18,367 36,734 5,948,372 1.55%
John Farrugia, Co-CEO 18,367 36,734 2,187,898 0.57%
Ben Procter - CFO 18,367 36,734 857,921 0.22%
Richard Snow - COO 18,367 36,734 588,926 0.15%
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
(mailto:investor.relations@cavendish) .com
John Farrugia, Co-Chief Executive
Officer
Ben Procter, Chief Financial Officer
Grant Thornton (Nominated Adviser)
Tel: +44 (0) 20 7383 5100
Philip Secrett/Samantha Harrison/Ciara Donnelly
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 Financial 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)
£0.098 18,367
Matching Shares
Price(s) per share Volume(s)
£0.00 36,734
f) Aggregated Information Partnership Shares
Price(s) per share Volume(s) Total Aggregate Price
- Price £0.098 18,367 £1799.97
- Volume
- Total Price Matching Shares
Price(s) per share Volume(s) Total Aggregate Price
Nil 36,734 Nil
g) Date of transaction 19 March 2024
h) Place of transaction Outside a trading venue
Matching Shares
Price(s) per share Volume(s)
£0.00 36,734
f)
Aggregated Information
- Price
- Volume
- Total Price
Partnership Shares
Price(s) per share Volume(s) Total Aggregate Price
£0.098 18,367 £1799.97
Matching Shares
Price(s) per share Volume(s) Total Aggregate Price
Nil 36,734 Nil
g)
Date of transaction
19 March 2024
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 Financial 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)
£0.098 18,367
Matching Shares
Price(s) per share Volume(s)
£0.00 36,734
f) Aggregated Information Partnership Shares
Price(s) per share Volume(s) Total Aggregate Price
- Price £0.098 18,367 £1799.97
- Volume
- Total Price Matching Shares
Price(s) per share Volume(s) Total Aggregate Price
Nil 36,734 Nil
g) Date of transaction 19 March 2024
h) Place of transaction Outside a trading venue
Matching Shares
Price(s) per share Volume(s)
£0.00 36,734
f)
Aggregated Information
- Price
- Volume
- Total Price
Partnership Shares
Price(s) per share Volume(s) Total Aggregate Price
£0.098 18,367 £1799.97
Matching Shares
Price(s) per share Volume(s) Total Aggregate Price
Nil 36,734 Nil
g)
Date of transaction
19 March 2024
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 Financial 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)
£0.098 18,367
Matching Shares
Price(s) per share Volume(s)
£0.00 36,734
f) Aggregated Information Partnership Shares
Price(s) per share Volume(s) Total Aggregate Price
- Price £0.098 18,367 £1799.97
- Volume
- Total Price Matching Shares
Price(s) per share Volume(s) Total Aggregate Price
Nil 36,734 Nil
g) Date of transaction 19 March 2024
h) Place of transaction Outside a trading venue
Matching Shares
Price(s) per share Volume(s)
£0.00 36,734
f)
Aggregated Information
- Price
- Volume
- Total Price
Partnership Shares
Price(s) per share Volume(s) Total Aggregate Price
£0.098 18,367 £1799.97
Matching Shares
Price(s) per share Volume(s) Total Aggregate Price
Nil 36,734 Nil
g)
Date of transaction
19 March 2024
h)
Place of transaction
Outside a trading venue
1 Details of the persons discharging managerial responsibility
a) Name Richard Snow
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 Financial 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)
£0.098 18,367
Matching Shares
Price(s) per share Volume(s)
£0.00 36,734
f) Aggregated Information Partnership Shares
Price(s) per share Volume(s) Total Aggregate Price
- Price £0.098 18,367 £1799.97
- Volume
- Total Price Matching Shares
Price(s) per share Volume(s) Total Aggregate Price
Nil 36,734 Nil
g) Date of transaction 19 March 2024
h) Place of transaction Outside a trading venue
Matching Shares
Price(s) per share Volume(s)
£0.00 36,734
f)
Aggregated Information
- Price
- Volume
- Total Price
Partnership Shares
Price(s) per share Volume(s) Total Aggregate Price
£0.098 18,367 £1799.97
Matching Shares
Price(s) per share Volume(s) Total Aggregate Price
Nil 36,734 Nil
g)
Date of transaction
19 March 2024
h)
Place of transaction
Outside a trading venue
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