CAVENDISH FINANCIAL PLC

Director's Dealing • May 1, 2025

National Storage Mechanism | Additional information

RNS Number : 1320H

Cavendish PLC

01 May 2025

1 May 2025

Cavendish plc ("Cavendish")

Directors Dealings

Cavendish plc (AIM:CAV) operates a Deferred Bonus Scheme (the "DBS") and a Short Term Incentive Scheme (the "STIP") (together, the "Schemes") which are legacy schemes established by Cenkos Securities plc but under which outstanding awards at completion of the merger between finnCap Group plc and Cenkos Securities plc (on 7 September 2023) were rolled-over into awards over Cavendish shares.

On 24 April 2025, in accordance with the terms and conditions of the Schemes, one third of the DBS awards granted to certain employees, including Executive Directors, in 2022 and 2023, and one-third of the STIP awards granted to certain employees, including Executive Directors, in July 2023, vested. The vested awards were satisfied by the transfer of shares allocated for that purpose under the Cenkos Securities Employee Benefit Trust (EBT).

Upon vesting of these awards, and after off-market sales to the EBT to satisfy the income tax and NIC liability arising on the vesting, Julian Morse (Co-CEO) and Ben Procter (CFO) received and retained 569,298 and 444,484 shares respectively as shown in the table below:

Director /PDMR	Total of DBS and STIP Shares Vesting	Shares retained following sale to cover tax liability1	Resulting Shareholding	Shareholding % of ISC
Julian Morse, Co-CEO	975,303	569,298	7,182,317	1.86%
Ben Procter, CFO	444,484	444,484	1,539,094	0.40%

1 Ben Procter elected to satisfy the tax liability arising on vesting from his own funds and therefore retained the total number of vested shares.

Further details of the vesting of awards 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                                                                                                          Tel: +44 (0) 20 3368 3550

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

Vesting of ordinary shares under the Deferred Bonus Scheme awarded in 2022, and the Short Term Incentive Plan awarded in 2023, 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)  Vesting of awards

Price(s) per share	Volume(s)
N/A	975,303

(2)  Sale of shares to satisfy tax and NIC liabilities

Price(s) per share	Volume(s)
£0.0875	406,005

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

N/A

g)

Date of transaction

24 April 2025

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

Vesting of ordinary shares under the Deferred Bonus Scheme and Short Term Incentive Plan awarded in 2023.

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Price(s) per share	Volume(s)
N/A	444,484

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

N/A

g)

Date of transaction

24 April 2025

h)

Place of transaction

Outside a trading venue

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