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Major Shareholders

This information was last updated on 14 August 2026. The number of shares not in public hands on 14 August 2026 was 13,871,870, representing 55.20% of the issued share capital at that date.

The identity and percentage holdings of the Company’s significant shareholders are set out in the table below:

Major shareholders over 3%
Shareholder Number of shares Percentage holding
James Dow & Beverley Dow1 4,307,760 17.14%
Nils Christiansen & Daphne Robertson 3,204,748 12.75%
Mark Watts & Julie Watts 2,991,360 11.90%
James Tipping 1,782,464 7.0%
Philip Price & Joanne Price 1,495,680 5.95%
Adam Dow 778,663 3.10%
Susannah Dow 776,411 3.09%
Directors
The Interests of the Directors and of members of their respective families (as defined in the glossary to the AIM Rules for Companies) in Shares are as follows:
James Dow1 4,307,760 17.14%
Jillian Jones 56,639 0.23%
Heather Lauder 38,739 0.15%
Pete Fendall2 10,962 0.04%
Shru Morris3 0 0.00%

James Dow also beneficially holds PSP Awards of 475,013 Ordinary Shares. See PSP Rules within the Admission Document for further details of the Performance Share Plan.

2 Pete Fendall also beneficially holds PSP Awards of 516,210 Ordinary Shares. See PSP Rules within the Admission Document for further details of the Performance Share Plan.

3 Shru Morris also beneficially holds PSP Awards of 547,972 Ordinary Shares. See PSP Rules within the Admission Document for further details of the Performance Share Plan.

Details of any other exchanges or trading platforms

The Company is quoted on the AIM segment of the London Stock Exchange and does not have any other of its securities admitted to or traded on any other exchange or platform.

Details of any restrictions on the transfer of AIM securities

There are no restrictions on the transfer of AIM securities

Number of AIM Securities and details of major shareholders

The total number of Ordinary Shares in issue on 14 August 2026 is 25,131,108.

UK City Code

DSW Capital plc is subject to the UK City Code on Takeovers and Mergers.