Vesting of Share Option Award
DSW Capital PLC announced that its Remuneration Committee determined that performance conditions for a share option award granted to James Dow in August 2022 were partially met, resulting in the vesting of 46,933 share options out of a total entitlement of 221,629. These vested options will be satisfied by transferring existing ordinary shares from the Employee Benefit Trust, meaning no new shares will be issued and there will be no dilution to existing shareholders. The vested options have a price of 0.25 pence each and the transaction occurred off-market on 27 July 2026.
Select text to share a quote on X · sign in to keep highlights & notes in your DSW notes
DSW Capital, a profitable, mid-market, challenger professional services platform and owner of the Dow Schofield Watts and the DR Solicitors brands, announces that, as disclosed in its annual results released earlier today, the Remuneration Committee has completed its assessment of the performance conditions attaching to the share option award granted to James Dow in August 2022 under the Company's long-term incentive arrangements.
Following this review, the Remuneration Committee determined that the relevant performance conditions had been partially met and, accordingly, 46,933 share options granted to James Dow out of a total entitlement of 221,629 share options have vested. The 46,933 vested share options will be satisfied through the transfer of existing ordinary shares held by the Company's Employee Benefit Trust. No new ordinary shares will be issued by the Company in connection with the vesting of the award and, as a result, the satisfaction of the award will not cause any dilution to existing shareholders.
| a) | Names | James Dow |
| 2 | Reason for the notification | |
| a) | Position/status | Executive Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | DSW Capital plc |
| b) | LEI | 213800KKIQCIJTGH23 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.25p each |
| b) | Identification code | GB00BNG9H550 |
| c) | Nature of the transaction | Grant of Options |
| d) | Price(s) and volume(s) | Price: 0.25 pence Volumes: 46,933 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 27 July 2026 |
| f) | Place of the transaction | Off-market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.