19 March 2024
Cavendish Financial
plc
(the "Cavendish", the
"Company", the Group)
Directors Dealings and Total
Voting Rights
Cavendish Financial plc (AIM:CAV) is
pleased to announce that the invitation period for the Company's
Share Incentive Plan (the "SIP") closed to eligible employees on 6
March 2024 and 183 employees have chosen to
participate.
The SIP is administered by Equiniti
Share Plan Trustees Limited (as trustee of the SIP), a UK
incorporated company, who is the registered holder of the
Shares.
Accordingly, on 19 March, Cavendish
issued 10,083,483 new ordinary shares of 1 pence each (the
"Shares") to Equiniti Share
Plan Trustees Limited, in its capacity as Trustee of the SIP.
3,361,161 Shares were issued under the Partnership Shares element
of the SIP at a price of £0.098 per Share and 6,722,322 Shares were
issued under the Matching Shares element of the SIP at a price of
£0.01 per Share.
The Company will make an application
for admission of these newly issued and allotted shares to trading
on AIM. Admission is expected to take place at 8.00 a.m. on
25 March 2024.
Total Voting Rights
In compliance with the FCA's
Disclosure Guidance and Transparency Rules, the Company announces
that, as at today's date, it has 384,693,548 ordinary shares of 1
pence each in issue. The Company does not hold any shares in
treasury and all of the ordinary shares have equal voting
rights.
The figure of 384,693,548 ordinary
shares represents the total voting rights in the Company and may be
used by shareholders as the denominator for the calculations by
which they can determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the Rules.
Directors and PDMRs Dealings
In connection with their
participation in the SIP, Cavendish also announces today the
following acquisitions/allocations of Shares by/to its directors
and PDMRs which took place on 19 March 2024:
|
Director /PDMR
|
No. of Partnership
Shares
|
No. of Marching
Shares
|
Resulting
Shareholding
|
Shareholding % of
ISC
|
|
Julian Morse, Co-CEO
|
18,367
|
36,734
|
5,948,372
|
1.55%
|
|
John Farrugia, Co-CEO
|
18,367
|
36,734
|
2,187,898
|
0.57%
|
|
Ben Procter - CFO
|
18,367
|
36,734
|
857,921
|
0.22%
|
|
Richard Snow - COO
|
18,367
|
36,734
|
588,926
|
0.15%
|
Further details of the subscriptions
are included in the notifications below, made in accordance with
the requirements of the UK Market Abuse Regulation.
For
further information, please contact:
CONTACTS
Cavendish (Management)
Tel: +44 (0) 20 7220 0500
Julian Morse, Co-Chief Executive
Officer
investor.relations@cavendish.com
John Farrugia, Co-Chief Executive
Officer
Ben Procter, Chief Financial
Officer
Grant Thornton (Nominated Adviser)
Tel: +44 (0) 20 7383 5100
Philip Secrett/Samantha
Harrison/Ciara Donnelly
|
1
|
Details of the persons discharging managerial
responsibility
|
|
a)
|
Name
|
Julian Morse
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Co-CEO
|
|
b)
|
Initial
notification/amendment
|
Initial
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Full name of the entity
|
Cavendish Financial plc
|
|
b)
|
Legal Entity Identifier
Code
|
213800DLRUJW6JVNS533
|
|
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 £0.01 nominal
value each
|
|
b)
|
Identification Code
|
GB00BGKPX309
|
|
c)
|
Nature of the transaction
|
Purchase of Partnership Shares and
allocation of Matching Shares under the SIP.
|
|
d)
|
Currency
|
GBP - British Pound
|
|
e)
|
Price(s) and Volume(s)
|
Partnership Shares
|
Price(s) per share
|
Volume(s)
|
|
£0.098
|
18,367
|
Matching Shares
|
Price(s) per share
|
Volume(s)
|
|
£0.00
|
36,734
|
|
|
f)
|
Aggregated Information
- Price
- Volume
- Total
Price
|
Partnership Shares
|
Price(s) per share
|
Volume(s)
|
Total Aggregate Price
|
|
£0.098
|
18,367
|
£1799.97
|
Matching Shares
|
Price(s) per share
|
Volume(s)
|
Total Aggregate Price
|
|
Nil
|
36,734
|
Nil
|
|
|
g)
|
Date of transaction
|
19 March 2024
|
|
h)
|
Place of transaction
|
Outside a trading venue
|
|
1
|
Details of the persons discharging managerial
responsibility
|
|
a)
|
Name
|
John Farrugia
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Co-CEO
|
|
b)
|
Initial
notification/amendment
|
Initial
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Full name of the entity
|
Cavendish Financial plc
|
|
b)
|
Legal Entity Identifier
Code
|
213800DLRUJW6JVNS533
|
|
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 £0.01 nominal
value each
|
|
b)
|
Identification Code
|
GB00BGKPX309
|
|
c)
|
Nature of the transaction
|
Purchase of Partnership Shares and
allocation of Matching Shares under the SIP.
|
|
d)
|
Currency
|
GBP - British Pound
|
|
e)
|
Price(s) and Volume(s)
|
Partnership Shares
|
Price(s) per share
|
Volume(s)
|
|
£0.098
|
18,367
|
Matching Shares
|
Price(s) per share
|
Volume(s)
|
|
£0.00
|
36,734
|
|
|
f)
|
Aggregated Information
- Price
- Volume
- Total
Price
|
Partnership Shares
|
Price(s) per share
|
Volume(s)
|
Total Aggregate Price
|
|
£0.098
|
18,367
|
£1799.97
|
Matching Shares
|
Price(s) per share
|
Volume(s)
|
Total Aggregate Price
|
|
Nil
|
36,734
|
Nil
|
|
|
g)
|
Date of transaction
|
19 March 2024
|
|
h)
|
Place of transaction
|
Outside a trading venue
|
|
1
|
Details of the persons discharging managerial
responsibility
|
|
a)
|
Name
|
Ben Procter
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
CFO
|
|
b)
|
Initial
notification/amendment
|
Initial
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Full name of the entity
|
Cavendish Financial plc
|
|
b)
|
Legal Entity Identifier
Code
|
213800DLRUJW6JVNS533
|
|
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 £0.01 nominal
value each
|
|
b)
|
Identification Code
|
GB00BGKPX309
|
|
c)
|
Nature of the transaction
|
Purchase of Partnership Shares and
allocation of Matching Shares under the SIP.
|
|
d)
|
Currency
|
GBP - British Pound
|
|
e)
|
Price(s) and Volume(s)
|
Partnership Shares
|
Price(s) per share
|
Volume(s)
|
|
£0.098
|
18,367
|
Matching Shares
|
Price(s) per share
|
Volume(s)
|
|
£0.00
|
36,734
|
|
|
f)
|
Aggregated Information
- Price
- Volume
- Total
Price
|
Partnership Shares
|
Price(s) per share
|
Volume(s)
|
Total Aggregate Price
|
|
£0.098
|
18,367
|
£1799.97
|
Matching Shares
|
Price(s) per share
|
Volume(s)
|
Total Aggregate Price
|
|
Nil
|
36,734
|
Nil
|
|
|
g)
|
Date of transaction
|
19 March 2024
|
|
h)
|
Place of transaction
|
Outside a trading venue
|
|
1
|
Details of the persons discharging managerial
responsibility
|
|
a)
|
Name
|
Richard Snow
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Co-CEO
|
|
b)
|
Initial
notification/amendment
|
Initial
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Full name of the entity
|
Cavendish Financial plc
|
|
b)
|
Legal Entity Identifier
Code
|
213800DLRUJW6JVNS533
|
|
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 £0.01 nominal
value each
|
|
b)
|
Identification Code
|
GB00BGKPX309
|
|
c)
|
Nature of the transaction
|
Purchase of Partnership Shares and
allocation of Matching Shares under the SIP.
|
|
d)
|
Currency
|
GBP - British Pound
|
|
e)
|
Price(s) and Volume(s)
|
Partnership Shares
|
Price(s) per share
|
Volume(s)
|
|
£0.098
|
18,367
|
Matching Shares
|
Price(s) per share
|
Volume(s)
|
|
£0.00
|
36,734
|
|
|
f)
|
Aggregated Information
- Price
- Volume
- Total
Price
|
Partnership Shares
|
Price(s) per share
|
Volume(s)
|
Total Aggregate Price
|
|
£0.098
|
18,367
|
£1799.97
|
Matching Shares
|
Price(s) per share
|
Volume(s)
|
Total Aggregate Price
|
|
Nil
|
36,734
|
Nil
|
|
|
g)
|
Date of transaction
|
19 March 2024
|
|
h)
|
Place of transaction
|
Outside a trading venue
|