Director/PDMR Shareholding
Cavendish plc announced that 158 employees, including executive directors, participated in its Share Incentive Plan on January 29, 2026, acquiring 2,776,431 Partnership Shares at £0.1025 each and receiving 5,552,862 Matching Shares for nil consideration. Notably, Co-CEOs Julian Morse and John Farrugia, along with CFO Ben Procter, each purchased 17,560 Partnership Shares for £1,799.90 and received 35,120 Matching Shares, increasing their respective shareholdings.
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Cavendish plc (AIM:CAV) operates an HMRC approved Share Incentive Plan ("SIP") established in February 2024 and administered by Equiniti Share Plan Trustees Limited, as trustee of the SIP (the "SIP Trustee").
The Company is pleased to announce that on 29 January 2026, following an offer to all employees of Cavendish (including its executive directors) to acquire up to £1,800 worth of new ordinary shares in the capital of the Company ("Partnership Shares"), and be awarded up to £3,600 worth of free ordinary shares in the capital of the Company on a buy 1 get 2 free basis ("Matching Shares"), a total of 158 employees elected to participate and have acquired an aggregate of 2,776,431 Partnership Shares, and been allocated an aggregate of 5,552,862 Matching Shares, under the SIP.
The Partnership Shares were acquired by the SIP Trustee on behalf of participants from the Company's Employee Benefit Trust administered by Ogier Global Trustee (Jersey) Limited at a price of £0.1025 per share. The Matching Shares were transferred to the SIP Trustee from the Company's Employee Benefit Trust administered by Apex Financial Services (Trust Company) Limited for nil-consideration.
Details of the Partnership Shares and Matching Shares acquisitions/allocations by/to the Company's directors and PDMRs which took place on 29 January 2026 are as follows:
| Director /PDMR | No. of Partnership Shares | No. of Marching Shares | Resulting Shareholding | Shareholding % of ISC |
| Julian Morse, Co-CEO | 17,560 | 35,120 | 7,239,758 | 1.87% |
| John Farrugia, Co-CEO | 17,560 | 35,120 | 2,896,633 | 0.75% |
| Ben Procter - CFO | 17,560 | 35,120 | 1,596,535 | 0.41% |
| a) | Full name of the entity | Cavendish plc | ||
| b) | Legal Entity Identifier Code | 213800DLRUJW6JVNS533 | ||
| 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 | Purchase of Partnership Shares and allocation of Matching Shares under the SIP. | ||
| d) | Currency | GBP - British Pound | ||
| e) | Price(s) and Volume(s) | Partnership Shares Price(s) per share Volume(s) £0.1025 17,560 Matching Shares Price(s) per share Volume(s) £0.00 35,120 | ||
| f) | Aggregated Information - Price - Volume - Total Price | Partnership Shares Price(s) per share Volume(s) Total Aggregate Price £0.1025 17,560 £1,799.90 Matching Shares Price(s) per share Volume(s) Total Aggregate Price Nil 35,120 Nil | ||
| g) | Date of transaction | 29 January 2026 | ||
| h) | Place of transaction | Outside a trading venue | ||
| 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 | ||
| a) | Full name of the entity | Cavendish plc | ||
| b) | Legal Entity Identifier Code | 213800DLRUJW6JVNS533 | ||
| 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 | Purchase of Partnership Shares and allocation of Matching Shares under the SIP. | ||
| d) | Currency | GBP - British Pound | ||
| e) | Price(s) and Volume(s) | Partnership Shares Price(s) per share Volume(s) £0.1025 17,560 Matching Shares Price(s) per share Volume(s) £0.00 35,120 | ||
| f) | Aggregated Information - Price - Volume - Total Price | Partnership Shares Price(s) per share Volume(s) Total Aggregate Price £0.1025 17,560 £1,799.90 Matching Shares Price(s) per share Volume(s) Total Aggregate Price Nil 35,120 Nil | ||
| g) | Date of transaction | 29 January 2026 | ||
| h) | Place of transaction | Outside a trading venue | ||
| 1 | Details of the persons discharging managerial responsibility | |||
| a) | Name | Ben Procter | ||
| 2 | Reason for the notification | |||
| a) | Position/status | CFO | ||
| b) | Initial notification/amendment | Initial | ||
| a) | Full name of the entity | Cavendish plc | ||
| b) | Legal Entity Identifier Code | 213800DLRUJW6JVNS533 | ||
| 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 | Purchase of Partnership Shares and allocation of Matching Shares under the SIP. | ||
| d) | Currency | GBP - British Pound | ||
| e) | Price(s) and Volume(s) | Partnership Shares Price(s) per share Volume(s) £0.1025 17,560 Matching Shares Price(s) per share Volume(s) £0.00 35,120 | ||
| f) | Aggregated Information - Price - Volume - Total Price | Partnership Shares Price(s) per share Volume(s) Total Aggregate Price £0.098 17,560 £1,799.90 Matching Shares Price(s) per share Volume(s) Total Aggregate Price Nil 35,120 Nil | ||
| g) | Date of transaction | 29 January 2026 | ||
| h) | Place of transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.