TIDMDSW
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 GBP30,000, 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/
(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
Nicole Burstow, Chief Financial Officer 378 029
Tel: +44 (0) 1928
378 039
Shore Capital (Nominated Adviser & Broker) Tel: +44 (0)20 7408
James Thomas / John More / Mark Percy 4090
Guy Wiehahn (Corporate Broking)
Belvedere Communications
Cat Valentine Tel: +44 (0) 7715
Keeley Clarke 769 078
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:
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names James Dow
-------------------------------- ----------------------------------
Reason for the notification
2
--------------------------------------------------------------------
a) Position/status Director, Chief Executive Officer
-------------------------------- ----------------------------------
b) Initial notification /Amendment Initial Notification
-------------------------------- ----------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name DSW Capital plc
-------------------------------- ----------------------------------
b) LEI 213800KKIQCIJTGH23
-------------------------------- ----------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary Shares of 0.25p each
instrument, type of instrument
-------------------------------- ----------------------------------
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)
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Nicole Burstow
-------------------------------- ----------------------------------
Reason for the notification
2
--------------------------------------------------------------------
a) Position/status Director, Chief Financial Officer
-------------------------------- ----------------------------------
b) Initial notification /Amendment Initial Notification
-------------------------------- ----------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name DSW Capital plc
-------------------------------- ----------------------------------
b) LEI 213800KKIQCIJTGH23
-------------------------------- ----------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary Shares of 0.25p each
instrument, type of instrument
-------------------------------- ----------------------------------
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)
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END
DSHUUABRUBUWUAR
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