Grant of options under Performance Share Plan

DSW Capital PLC

04 September 2026

 

DSW CAPITAL PLC

("DSW Capital", "DSW" or the "Group")

(AIM: DSW)

Grant of options under the Company's Performance Share Plan ("PSP")

DSW Capital, a profitable, mid-market, challenger professional services platform and owner of the Dow Schofield Watts and the DR Solicitors brands, announces that, on 3 September 2026, the Group granted nominal cost options (the "Options") over a total of 800,752 ordinary shares of 0.25 pence each in the Group ("Ordinary Shares") to certain Executive Directors of the Company, pursuant to the Company's PSP.

The Options have been granted as follows:

Name	Position	Number of Options granted
Shru Morris	Chief Executive Officer	467,419
Pete Fendall	Chief Finance and Operating Officer	333,333

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: www.dswcapital.com.

Enquiries:

DSW Capital Shru Morris, CEO Pete Fendall, CFOO	Tel: [phone]
Shore Capital (Nominated Adviser & Broker) James Thomas/Mark Percy/George Payne	Tel: [phone]
Rawlings Financial PR Limited Cat Valentine	[e-mail] Tel: [phone]

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.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Shrutisha ("Shru") Morris
2	Reason for the notification
a)	Position/status	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 Identification code	Ordinary Shares of 0.25p each GB00BNG9H550
b)	Nature of the transaction	Grant of Options under PSP Awards
c)	Price(s) and volume(s)	Price: 0.25 pence Volume: 467,419
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transaction	3 September 2026
f)	Place of the transaction	Off-market
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Pete Fendall
2	Reason for the notification
a)	Position/status	Chief Finance & Operating 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 Identification code	Ordinary Shares of 0.25p each GB00BNG9H550
b)	Nature of the transaction	Grant of Options under PSP Awards
c)	Price(s) and volume(s)	Price: 0.25 pence Volumes: 333,333
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transaction	3 September 2026
f)	Place of the transaction	Off-market

 

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