Director/PDMR Shareholding

RNS Number : 0048B

Shearwater Group PLC

04 June 2019

 

4 June 2019

SHEARWATER GROUP PLC

("Shearwater", or the "Company")

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG), the digital resilience group, announces that it has received notification that Phil Higgins, Group Chief Executive Officer of the Company, on 31 May 2019 transferred 7,950,000 Ordinary Shares of 1p ("Ordinary Shares") into ISAs held by Mr. Higgins and his family. This transfer was facilitated by way of a sale and repurchase at a price of 2.0 pence per Ordinary Share.

Following these transactions, Mr. Higgins' beneficial interest in Ordinary Shares remains unchanged at approximately 9.9 per cent. of the issued share capital of the Company.

Enquiries:

Shearwater Group plc David Williams Phil Higgins	www.theshearwatergroup.co.uk c/o Instinctif Partners
Cenkos Securities plc - NOMAD and Broker Max Hartley / Giles Balleny - NOMAD Julian Morse / Michael Johnson - Sales	[phone]
Instinctif Partners Adrian Duffield / Chantal Woolcock	[e-mail]   [phone]

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	Phil Higgins
2	Reason for the notification
a)	Position/status	CEO
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	Sale of shares and purchase of shares made through ISA
c)	Price(s) and volume(s)	Share Sale Share Purchase Volume 7,950,000 1,987,500 Price 2.0 pence 2.0 pence
d)	Aggregated information - Aggregated volume - Price	See above
e)	Date of the transaction	31 May 2019
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lauren Higgins, Victoria Higgins, Johnathan Higgins
2	Reason for the notification
a)	Position/status	Persons Closely Associate with the CEO
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 shares made through ISA
c)	Price(s) and volume(s)	Person Closely Associated Price Volume Lauren Higgins 2.0 pence 1,987,500 Victoria Higgins 2.0 pence 1,987,500 Johnathan Higgins 2.0 pence 1,987,500
d)	Aggregated information - Aggregated volume - Price	See above
e)	Date of the transaction	31 May 2019
f)	Place of the transaction	London Stock Exchange, AIM

 

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