DSW Capital PLC Grant of awards under Performance Share Plan (8581F)

TIDMDSW

RNS Number : 8581F

DSW Capital PLC

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                  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 
 James Thomas / Mark Percy / Rachel Goldstein                7408 4090 
 Guy Wiehahn / Isobel Jones (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, 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       Initial Notification 
     /Amendment 
    -------------------------  ------------------------------------------ 
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         Ordinary Shares of 0.25p each 
     financial instrument, 
     type of instrument 
    -------------------------  ------------------------------------------ 
b)  Identification code        GB00BNG9H550 
    -------------------------  ------------------------------------------ 
c)  Nature of the transaction  Grant of nil cost options under PSP Awards 
    -------------------------  ------------------------------------------ 
d)  Price(s) and volume(s)     Price(s)   Volume(s) 
                                nil        228,102 
    -------------------------  ------------------------------------------ 
d)  Aggregated information 
     - Aggregated volume         n/a 
     - Price                     n/a 
    -------------------------  ------------------------------------------ 
e)  Date of the transaction    12 July 2023 
    -------------------------  ------------------------------------------ 
f)  Place of the transaction   Off-market 
    -------------------------  ------------------------------------------

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END

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July 13, 2023 02:00 ET (06:00 GMT)

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