Cavendish Financial PLC Directors Dealings
16 August 2024 - 12:00AM
RNS Regulatory News
RNS Number : 6518A
Cavendish Financial PLC
15 August 2024
15 August 2024
Cavendish Financial
plc
(the "Cavendish", the
"Company", the Group)
Directors
Dealings
Cavendish Financial plc (AIM:CAV)
announces that John Farrugia (Co-CEO) has exercised options over
1,333,334 ordinary shares in the Company (the "Options") at an
exercise price of 1p per share under the Company's Unapproved Share
Option Plan. The exercise of the Options was satisfied by the
transfer of shares from the Cavendish Financial plc Employee
Benefit Trust (EBT).
Following exercise, and after the
off-market sale of shares to the EBT to satisfy the income tax and
NIC liability arising on the exercise, John Farrugia received and
retained 648,264 shares as shown in the table below:
|
Director /PDMR
|
Options
Exercised
|
Shares retained following
sale to cover tax liability
|
Resulting
Shareholding
|
Shareholding % of
ISC
|
|
John Farrugia, Co-CEO
|
1,333,334
|
648,264
|
2,836,162
|
0.74%
|
Further details of the exercise of
options and sale to cover tax liability are included in the
notification 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
SPARK Advisory Partners (Nominated Advisor)
Matt Davis / Adam
Dawes
Tel: +44 (0) 20 3368 3550
|
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
|
Exercise of options under the
Unapproved Share Option Plan and the subsequent sale of shares to
satisfy income tax and NIC liabilities
|
|
d)
|
Currency
|
GBP - British Pound
|
|
e)
|
Price(s) and Volume(s)
|
(1) Exercise of
options
|
Price(s) per share
|
Volume(s)
|
|
£0.01
|
1,333,334
|
(2) Sale of shares to satisfy
tax and NIC liabilities
|
Price(s) per share
|
Volume(s)
|
|
£0.121
|
685,070
|
|
|
f)
|
Aggregated Information
- Price
- Volume
- Total
Price
|
N/A
|
|
g)
|
Date of transaction
|
15 August 2024
|
|
h)
|
Place of transaction
|
Outside a trading venue
|
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END
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