REG - DSW Capital PLC - Director/PDMR Shareholding

LMS CapitalAnnouncement

17/12/2021 08:00

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RNS Number : 8031V  DSW Capital PLC  17 December 2021

17 December 2021

DSW CAPITAL PLC

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

 

Director / PDMR Shareholding

 

As disclosed in the Admission Document, the Company announces that, following
Admission, on 16 December, James Dow, Chief Executive Officer, and Nicole
Burstow, Chief Financial Officer, were granted IPO PSP Awards of 53,333 and
41,667 Ordinary Shares, respectively.

 

The Company has applied for the new Ordinary Shares to be admitted to trading
on the AIM Market and admission is expected to take place on 21 December 2021.
The 95,000 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 3,145,793 and 235,365 Ordinary Shares, representing 14.64% and 1.10%
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 95,000 new Ordinary Shares (excluding any treasury shares)
the new total number of shares in issue will be 21,482,508.  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/) .

 

Redeemable Preference Shares

 

As disclosed in the Admission Document, the Directors intended to redeem all
of the 50,000 Redeemable Preference Shares shortly following admission
resulting in the payment of £12,500 to James Dow (being the aggregate amount
paid up on such Redeemable Preference Shares). The Company announces that the
Redeemable Preference Shares have been redeemed today, 17 December.

 

 (1)  James Dow and Nicole Burstow beneficially hold IPO PSP Awards of 53,333 and
      41,667 Ordinary Shares respectively that are also beneficially held jointly by
      the Trustee. Such IPO PSP Awards are subject to the performance and vesting
      conditions as set out in the Company's Admission Document dated 13 December
      2021.

 

For further information please contact:

 

 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

 Hugh Morgan / James Thomas / John More

 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 (mailto:dswcapital@belvederepr.com)

 

About DSW Capital - https://dswcapital.com

 

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 currently operates licensing arrangements with 19 licensee
businesses with 82 fee earners ("FEs"), across six offices in England and one
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.

 

 (1)  As at 31 October 2021.

 

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 IPO PSP Awards

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

                                                                   100       53,333

 d)     Aggregated information

        - Aggregated volume                                          53,333

        - Price                                                      53,333
 e)     Date of the transaction                                      16 December 2021

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

d)

 

Aggregated information

- Aggregated volume

- Price

 

53,333

53,333

e)

 

Date of the transaction

16 December 2021

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 IPO PSP Awards

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

                                                                   100       41,667

 d)     Aggregated information

        - Aggregated volume                                          41,667

        - Price                                                      41,667
 e)     Date of the transaction                                      16 December 2021

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

d)

 

Aggregated information

- Aggregated volume

- Price

 

41,667

41,667

e)

 

Date of the transaction

16 December 2021

f)

 

Place of the transaction

London Stock Exchange (XLON)

 

 

 

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