⌘K
t
On 29 January 2026, 158 Cavendish plc employees participated in the company's Share Incentive Plan (SIP). Through the SIP, employees acquired an aggregate of 2,776,431 Partnership Shares at £0.1025 per share and were allocated 5,552,862 Matching Shares for nil-consideration. Co-CEOs Julian Morse and John Farrugia, and CFO Ben Procter each acquired 17,560 Partnership Shares and were allocated 35,120 Matching Shares as part of this program.
| Date | 3 Feb 2026 |
| Time | 14:30:00 |
| Category | Director/PDMR dealings |
| ID | 5600R |
3 February 2026
Cavendish plc
("Cavendish" or the "Company")
Directors' Dealings
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% |
Further details of the subscriptions are included in the notifications 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 Adviser) Tel: +44 (0) 20 3368 3550
Matt Davis / Angus Campbell
|
1 |
Details of the persons discharging managerial responsibility |
|||||||||||||
|
a) |
Name |
Julian Morse |
||||||||||||
|
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 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 |
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
Matching Shares
|
||||||||||||
|
f) |
Aggregated Information - Price - Volume - Total Price |
Partnership Shares
Matching Shares
|
||||||||||||
|
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 |
||||||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||||||||
|
a) |
Full name of the entity |
Cavendish 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 |
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
Matching Shares
|
||||||||||||
|
f) |
Aggregated Information - Price - Volume - Total Price |
Partnership Shares
Matching Shares
|
||||||||||||
|
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 |
||||||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||||||||
|
a) |
Full name of the entity |
Cavendish 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 |
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
Matching Shares
|
||||||||||||
|
f) |
Aggregated Information - Price - Volume - Total Price |
Partnership Shares
Matching Shares
|
||||||||||||
|
g) |
Date of transaction |
29 January 2026 |
||||||||||||
|
h) |
Place of transaction |
Outside a trading venue |
||||||||||||