Director/PDMR Shareholding

RNS Number : 7392L

Shearwater Group PLC

28 December 2018

 

28 December 2018

SHEARWATER GROUP PLC

("Shearwater" or the "Company") 

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG) today announces that on 24 December 2018 Wentworth Limited, a company in which the Chairman, David Williams, has a beneficial interest purchased 2,500,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 2.7 pence per share. The Company also announces that Phil Higgins, Executive Director, purchased 2,500,000 Ordinary Shares at a price of 2.7 pence per share on 24 December 2018.

The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Wentworth Limited
2	Reason for the notification
a)	Position/status	Person closely associated with David Williams, Chairman
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Shearwater Group plc
b)	LEI	213800ZRUKUYDJLKD504
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 Identification code	Ordinary shares of 1 pence each GB00B00T3528
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 2.7 pence  2,500,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	24 December 2018
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Phil Higgins
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Shearwater Group plc
b)	LEI	213800ZRUKUYDJLKD504
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 Identification code	Ordinary shares of 1 pence each GB00B00T3528
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 2.7 pence  2,500,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	24 December 2018
f)	Place of the transaction	London Stock Exchange, AIM

Enquiries:

Shearwater Group plc David Williams Michael (Mo) Stevens	www.theshearwatergroup.co.uk c/o Instinctif Partners
Cenkos Securities plc - NOMAD and Broker Max Hartley - NOMAD Julian Morse / Michael Johnson - Sales	[phone]
Instinctif Partners - Financial PR Adrian Duffield / Chantal Woolcock / Kay Larsen	[e-mail]   [phone]

 

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