Director/PDMR Shareholding

RNS Number : 0682I

Shearwater Group PLC

09 August 2021

 

9 August 2021

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 9 August 2021 Phil Higgins, Group Chief Executive Officer of the Company, transferred 65,000 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 65,000 Ordinary Shares at a price of 153.0 pence per Ordinary Share and subsequent repurchases of an aggregate of 65,000 Ordinary Shares in five equal amounts by ISAs held by Mr. Higgins, his wife and his three adult children at a price of 153.05 pence per Ordinary Share.

Following these transactions, Mr. Higgins' is beneficially interested in 2,197,350 Ordinary Shares, representing approximately 9.2% 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 Ben Jeynes / Max Gould - Corporate Finance Julian Morse / Michael Johnson - Sales	[phone]
Berenberg - Joint Broker  Matthew Armitt / Mark Whitmore	[phone]
Alma PR Susie Hudson / Caroline Forde / Joe Pederzolli	[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 65,000 13,000 Price 153.0 pence 153.05 pence
d)	Aggregated information - Aggregated volume - Price	Single transactions
e)	Date of the transaction	9 August 2021
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lauren Higgins, Johnathan Higgins, Madison 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 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 153.05 pence 13,000 Johnathan Higgins 153.05 pence 13,000 Madison Higgins 153.05 pence 13,000
d)	Aggregated information - Aggregated volume - Price	See above
e)	Date of the transaction	9 August 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

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