DSW Capital PLC Director's Dealing (4325N)

TIDMDSW

RNS Number : 4325N

DSW Capital PLC

20 January 2023

20 January 2023

DSW CAPITAL PLC

("DSW Capital" or "DSW" or the "Company")

Director / PDMR Shareholding

DSW has been informed that James Dow, Chief Executive of the Company, purchased 89,000 Ordinary Shares in the Company at a price of 92 pence per Ordinary Share today. Following the purchase, James Dow's total beneficial interest in the Company comprises 3,223,127 Ordinary Shares, representing 14.70% of the issued share capital of the Company.

For further information please contact:

 
 DSW Capital 
  James Dow, Chief Executive Officer             Tel: [phone] 
  Nicole Burstow, Chief Financial Officer                  378 029 
                                                 Tel: [phone] 
                                                           378 039 
 Shore Capital (Nominated Adviser & Broker)    Tel: [phone] 
  James Thomas / John More / Mark Percy                       4090 
  Guy Wiehahn (Corporate Broking) 
 Belvedere Communications 
  Cat Valentine                                  Tel: [phone] 
  Keeley Clarke                                            769 078 
                                                 Tel: [phone] 
                                                           816 525 
                                               [e-mail] 
 

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 operates licensing arrangements with 20 licensee businesses with 97 fee earners, across seven 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          P urchase of Ordinary Shares 
       ---------------------------------  ---------------------------------- 
 d)     Price(s) and volume(s)              Price(s)   Volume(s) 
                                             92p        89,000 
       ---------------------------------  ---------------------------------- 
 d)     Aggregated information 
   - Aggregated volume                      89,000 
   - Price                                   92p 
 ---------------------------------------  ---------------------------------- 
 e)     Date of the transaction            20 January 2023 
       ---------------------------------  ---------------------------------- 
 f)     Place of the transaction           London Stock Exchange (XLON) 
 
 

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January 20, 2023 06:55 ET (11:55 GMT)