Source - LSE Regulatory
RNS Number : 4276G
DSW Capital PLC
18 July 2023
 

18 July 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 109,334 Ordinary Shares in the Company at a price of 68.5 pence per Ordinary Share today. Following the purchase, James Dow's total beneficial interest in the Company comprises 3,399,127 Ordinary Shares, representing 15.50% of the issued share capital of the Company.

 

 

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

dsw@belvederepr.com

 

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 

James Dow

2

 

Reason for the notification

a)

 

Position/status

 

Director, Chief Executive 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

213800KKIQCIJT6TGH23

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 

 

Purchase of Ordinary Shares

d)

 

Price(s) and volume(s)

Price(s)

Volume(s)

68.5p

109,334



d)

 

Aggregated information 

- Aggregated volume

- Price

 

109,334

68.5p

e)

 

Date of the transaction 

18 July 2023

f)

 

Place of the transaction

London Stock Exchange (XLON)

 

 




 

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