13 July 2023
DSW CAPITAL PLC
("DSW Capital", "DSW" or the "Company")
(AIM:DSW)
Grant of awards under the Company's Performance Share Plan ("PSP")
DSW announces the award of 293,796 nil cost options, pursuant to the Company's PSP on 12 July 2023 (the "PSP Awards"). Nicole Burstow, Chief Financial Officer, has been granted 228,102 of the PSP Awards.
All defined terms used in this announcement have the meanings set out in the Company's Admission Document dated 13 December 2021, which also contains full details of the Company's Performance Share Plan and is available on the Company's website: https://dswcapital.com/
For further information please contact:
| DSW Capital James Dow, Chief Executive Officer Nicole Burstow, Chief Financial Officer
|
Tel: +44 (0) 1928 378 029 Tel: +44 (0) 1928 378 039 |
| Shore Capital (Nominated Adviser & Broker) James Thomas / Mark Percy / Rachel Goldstein Guy Wiehahn / Isobel Jones (Corporate Broking)
| Tel: +44 (0)20 7408 4090 |
| Belvedere Communications Cat Valentine Keeley Clarke |
Tel: +44 (0) 7715 769 078 Tel: +44 (0) 7967 816 525 |
Notes to Editors
About DSW Capital
DSW Capital, owner of the Dow Schofield Watts brand, is a profitable, 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 23 licensee businesses with 107 fee earners, across eight offices in England and two 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 | 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 nil cost options under PSP Awards | ||||||
| d)
| Price(s) and volume(s) |
| ||||||
| d)
| Aggregated information - Aggregated volume - Price |
n/a n/a | ||||||
| e)
| Date of the transaction | 12 July 2023 | ||||||
| f)
| Place of the transaction | Off-market
| ||||||
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