REG - DSW Capital PLC - Director/PDMR Shareholding

DSW CapitalAnnouncement

23/08/2022 07:00

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RNS Number : 8365W  DSW Capital PLC  23 August 2022

 

23 August 2022

DSW CAPITAL PLC

("DSW Capital", "DSW" or the "Company")

(AIM:DSW)

 

Director / PDMR Shareholding

 

DSW announces that on 23 August 2022, James Dow, Chief Executive Officer, and
Nicole Burstow, Chief Financial Officer, were granted PSP Awards of 221,629
and 195,556 Ordinary Shares, respectively ("PSP Shares"). Pursuant to the
terms of Company's PSP, as set out in the Company's Admission document dated
13 December 2021, the PSP Shares being issued to James Dow and Nicole Burstow
will be held by the DSW EBT.

 

In addition to the above the Company, will be issuing 26,667 new Ordinary
Shares, equivalent to £30,000, to James Dow in respect of his FY22
performance bonus as disclosed in the Company's Annual Report.

 

The Company has applied for the new Ordinary Shares to be admitted to trading
on AIM and admission is expected to take place on 26 August 2022. The 443,852
new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following the admission of the Ordinary Shares, James Dow and Nicole Burstow
will hold 3,134,127 and 193,698 Ordinary Shares, representing 14.29% and 0.88%
of the issued share capital of the Company, respectively(1).

 

Total Voting Rights

For the purpose of the Disclosure and Transparency Rules, following the
admission of the 443,852 new Ordinary Shares (excluding any treasury shares)
the new total number of shares in issue will be 21,926,360. Accordingly, this
figure may be used by shareholders as a denominator for the calculations by
which they will determine if they are required to notify their interest in, or
change to their interest in, the Company, under the Disclosure and
Transparency Rules.

All defined terms used in this announcement have the meanings set out in the
Company's Admission Document dated 13 December 2021, which is available on the
Company's website: https://dswcapital.com/ (https://dswcapital.com/)

(1)James Dow also beneficially holds PSP Awards of 274,962 Ordinary Shares
that are also beneficially held jointly by the Trustee. Nicole Burstow also
beneficially holds PSP Awards of 237,223 Ordinary Shares, and 328,000 Ordinary
Shares in respect of the CFO Legacy Award, both of which are also beneficially
held jointly by the Trustee. Such PSP Awards and CFO Legacy Awards are subject
to the performance and vesting conditions as set out in the Company's
Admission Document dated 13 December 2021.

 

 

Enquiries:

 

 DSW Capital

 James Dow, Chief Executive Officer              Tel: +44 (0) 1928 378 029

 Nicole Burstow, Chief Financial Officer         Tel: +44 (0) 1928 378 039

 Shore Capital (Nominated Adviser & Broker)      Tel: +44 (0)20 7408 4090

 James Thomas / John More / Mark Percy

 Guy Wiehahn (Corporate Broking)

 Belvedere Communications

 Cat Valentine                                   Tel: +44 (0) 7715 769 078

 Keeley Clarke                                   Tel: +44 (0) 7967 816 525

                                                 dsw@belvederepr.com

 

Notes to Editors 

 

About DSW Capital

 

DSW Capital, owner of the Dow Schofield Watts brand, is a profitable, fast
growing, mid-market, challenger professional services network with a cash
generative business model and scalable platform for growth. Originally
established in 2002, by three KPMG alumni, DSW is one of the first platform
models disrupting the traditional model of accounting professional services
firms. DSW now operates licensing arrangements with 20 licensee businesses
with 88 fee earners ("FEs"), across eight offices in England and three in
Scotland. These trade primarily under the Dow Schofield Watts brand.

 

DSW's vision is for the DSW Network to become the most sought-after
destination for ambitious, entrepreneurial professionals to start and develop
their own businesses. Through a licensing model, DSW gives professionals the
autonomy and flexibility to fulfil their potential. Being part of the DSW
Network brings support benefits in recruitment, funding and infrastructure.
DSW's challenger model attracts experienced, senior professionals,
predominantly with a "Big 4" accounting firm background, who want to launch
their own businesses and recognise the value of the Dow Schofield Watts brand
and the synergies which come from being part of the DSW Network.

 

DSW aims to scale its agile model through organic growth, geographical
expansion, additional service lines and investing in "Break Outs" (existing
teams in larger firms). The Directors are targeting high margin,
complementary, niche service lines with a strong synergistic fit with the
existing DSW Network.

 

 

The information below (set out in accordance with the requirements of EU
Market Abuse Regulation) provides further detail:

 

   1    Details of the person discharging managerial responsibilities / person closely

      associated

 a)     Names                                                        James Dow

 2      Reason for the notification

 a)     Position/status                                              Director, Chief Executive Officer

 b)     Initial notification /Amendment                              Initial Notification

 3      Details of the issuer, emission allowance market participant, auction

      platform, auctioneer or auction monitor

 a)     Name                                                         DSW Capital plc

 b)     LEI                                                          213800KKIQCIJTGH23

 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 0.25p each

 b)     Identification code                                          GB00BNG9H550

 c)     Nature of the transaction                                    Grant of PSP Awards

 d)     Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                   112.50p   248,296

 d)     Aggregated information

        - Aggregated volume                                          n/a

        - Price                                                      n/a
 e)     Date of the transaction                                      22 August 2022

 f)     Place of the transaction                                     London Stock Exchange (XLON)

d)

 

Aggregated information

- Aggregated volume

- Price

 

n/a

n/a

e)

 

Date of the transaction

22 August 2022

f)

 

Place of the transaction

London Stock Exchange (XLON)

 

 

 

 

   1    Details of the person discharging managerial responsibilities / person closely

      associated

 a)     Names                                                        Nicole Burstow

 2      Reason for the notification

 a)     Position/status                                              Director, Chief Financial Officer

 b)     Initial notification /Amendment                              Initial Notification

 3      Details of the issuer, emission allowance market participant, auction

      platform, auctioneer or auction monitor

 a)     Name                                                         DSW Capital plc

 b)     LEI                                                          213800KKIQCIJTGH23

 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 0.25p each

 b)     Identification code                                          GB00BNG9H550

 c)     Nature of the transaction                                    Grant of PSP Awards

 d)     Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                   112.50p   195,556

 d)     Aggregated information

        - Aggregated volume                                          n/a

        - Price                                                      n/a
 e)     Date of the transaction                                      22 August 2022

 f)     Place of the transaction                                     London Stock Exchange (XLON)

d)

 

Aggregated information

- Aggregated volume

- Price

 

n/a

n/a

e)

 

Date of the transaction

22 August 2022

f)

 

Place of the transaction

London Stock Exchange (XLON)

 

 

 

 

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