Director/PDMR Shareholding

RNS Number : 9128H

Shearwater Group PLC

08 December 2020

 

8 December 2020

SHEARWATER GROUP PLC

("Shearwater", or the "Company")

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG), the organisational resilience group, announces that it has received notification that on 7 December 2020 Phil Higgins, Group Chief Executive Officer of the Company, transferred 55,300 ordinary shares of 10p in the Company ("Ordinary Shares") previously held in his own name into ISAs held by Mr. Higgins and his family members. This transfer was facilitated by way of a sale by Mr. Higgins of 55,300 Ordinary Shares at a price of 143.0 pence per Ordinary Share and subsequent repurchases of an aggregate of 55,300 Ordinary Shares in four equal amounts by ISAs held by Mr. Higgins, his wife and his two adult children at a price of 143.1 pence per Ordinary Share.

Following these transactions, Mr. Higgins' is beneficially interested in 2,236,350 Ordinary Shares, representing approximately 9.4 per cent. of the issued ordinary share capital of the Company, and the aggregate interest in Ordinary Shares of the Higgins family remains unchanged.

Enquiries:

Shearwater Group plc David Williams Phil Higgins	www.shearwatergroup.com c/o Alma PR
Cenkos Securities plc - NOMAD and Joint Broker Max Hartley / Ben Jeynes - NOMAD Julian Morse / Michael Johnson - Sales	[phone]
Berenberg - Joint Broker  Matthew Armitt / Mark Whitmore	[phone]
Alma PR Caroline Forde / Susie Hudson / Harriet Jackson	[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 10 pence each GB00BKT6VH21
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 55,300 13,825 Price 143.0 pence 143.1 pence
d)	Aggregated information - Aggregated volume - Price	Single transactions
e)	Date of the transaction	7 December 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lauren Higgins, Jonathan Higgins
2	Reason for the notification
a)	Position/status	Person[s] 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 10 pence each GB00BKT6VH21
b)	Nature of the transaction	Purchase of shares made through ISA
c)	Price(s) and volume(s)	Person Closely Associated Price Volume Lauren Higgins 143.1 pence 13,825 Jonathan Higgins 143.1 pence 13,825
d)	Aggregated information - Aggregated volume - Price	See above
e)	Date of the transaction	7 December 2020
f)	Place of the transaction	London Stock Exchange, AIM

 

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