25 November 2024
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 179,551 nil cost options, pursuant to the Company's PSP, on 22 November 2024 (the "PSP Awards"). Shru Morris, CEO Designate, has been granted 179,551 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/.
Enquiries:
| DSW Capital James Dow, CEO Shru Morris, CEO Designate Pete Fendall, Chief Finance and Operating Officer
| Tel: +44 (0) 1928 378 100 |
| Shore Capital (Nominated Adviser & Broker) James Thomas / Mark Percy / Rachel Goldstein (Corporate Advisory) Guy Wiehahn / Isobel Jones (Corporate Broking)
| Tel: +44 (0)20 7408 4090 |
| Rawlings Financial PR Limited Cat Valentine
| Tel: +44 (0) 7715 769 078
|
About DSW Capital
DSW Capital, owner of the Dow Schofield Watts and DR Solicitors brands, 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, Dow Schofield Watts is one of the first platform models disrupting the traditional model of accounting professional services firms. DSW Capital operates licensing arrangements with its businesses and has over 130 fee earners across 12 offices in the UK. These businesses trade primarily under the Dow Schofield Watts and DR Solicitors brands.
DSW Capital's vision is for our brands to become the most sought-after destinations for ambitious, entrepreneurial professionals to start and develop their own businesses. Through a licensing model, DSW Capital gives professionals the autonomy and flexibility to fulfil their potential.
Being part of the DSW Capital group brings support benefits in recruitment, funding and infrastructure. DSW Capital's challenger model attracts experienced, senior professionals, predominantly with a "Big 4" accounting firm or "Magic Circle" legal background, who want to launch their own businesses and recognise the value of DSW Capital's brands and the synergies which come from being part of the network.
DSW Capital aims to scale its agile model through organic growth, geographical expansion, additional service lines and acquisitions. The Directors are targeting high margin, complementary, niche service lines with a strong synergistic fit with the existing 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 | Shrutisha ("Shru") Morris | ||||||
| 2
| Reason for the notification | |||||||
| a)
| Position/status
| Director, CEO Designate | ||||||
| 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 | 22 November 2024 | ||||||
| f)
| Place of the transaction | Off-market
| ||||||
| | | | ||||||
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