REG - Cavendish Financial - Directors Dealings

CavendishAnnouncement

15/08/2024 15:15

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RNS Number : 6518A  Cavendish Financial PLC  15 August 2024

15 August 2024

 

Cavendish Financial plc

(the "Cavendish", the "Company", the Group)

 

Directors Dealings

 

Cavendish Financial plc (AIM:CAV) announces that John Farrugia (Co-CEO) has
exercised options over 1,333,334 ordinary shares in the Company (the
"Options") at an exercise price of 1p per share under the Company's Unapproved
Share Option Plan. The exercise of the Options was satisfied by the transfer
of shares from the Cavendish Financial plc Employee Benefit Trust (EBT).

 

Following exercise, and after the off-market sale of shares to the EBT to
satisfy the income tax and NIC liability arising on the exercise, John
Farrugia received and retained 648,264 shares as shown in the table below:

 

 Director /PDMR         Options Exercised  Shares retained following sale to cover tax liability  Resulting Shareholding  Shareholding % of ISC
 John Farrugia, Co-CEO  1,333,334          648,264                                                2,836,162               0.74%

 

Further details of the exercise of options and sale to cover tax liability are
included in the notification 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

 

SPARK Advisory Partners (Nominated Advisor)
 

Matt Davis / Adam
Dawes
Tel: +44 (0) 20 3368 3550

 

 

 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                                    Exercise of options under the Unapproved Share Option Plan and the subsequent
                                                                  sale of shares to satisfy income tax and NIC liabilities
 d)  Currency                                                     GBP - British Pound
 e)  Price(s) and Volume(s)                                       (1)  Exercise of options

Price(s) per share  Volume(s)
                                                                  £0.01               1,333,334

 

                                                                  (2)  Sale of shares to satisfy tax and NIC liabilities

Price(s) per share  Volume(s)
                                                                  £0.121              685,070

 f)  Aggregated Information                                       N/A

     -       Price

     -       Volume

     -       Total Price
 g)  Date of transaction                                          15 August 2024
 h)  Place of transaction                                         Outside a trading venue

 

(2)  Sale of shares to satisfy tax and NIC liabilities

 Price(s) per share  Volume(s)
 £0.121              685,070

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

N/A

g)

Date of transaction

15 August 2024

h)

Place of transaction

Outside a trading venue

 

 

 

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