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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Shearwater Group Plc | LSE:SWG | London | Ordinary Share | GB00BKT6VH21 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 44.00 | 43.00 | 45.00 | 44.00 | 44.00 | 44.00 | 23,937 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 26.69M | -8.18M | -0.3431 | -1.28 | 10.48M |
From Apr 2019 to Apr 2024
TIDMSWG
RNS Number : 1777U
Shearwater Group PLC
13 January 2017
13 January 2017
SHEARWATER GROUP PLC
(the "Company")
Conversion of loan note
Issue of equity
Director/PDMR Shareholdings
Shearwater Group plc (AIM: SWG), announces that it has received notice of the following transactions.
David Williams, Chairman, has today transferred his interest of GBP50,000 in the convertible loan note issued to him on 17 June 2016, to Giles Willits, Non-executive Director. The transfer does not include the warrant attached to the loan note.
Subsequent to the above transfer, Giles Willits and the other loan note holder have each converted the loan notes into equity at a price of 1 pence per share, in accordance with the terms of the loan note. In addition, David Williams and the other loan note holder have each exercised the warrants attaching to the loan note issue, each at a price of 2 pence per share.
Application will be made for the 20,000,000 new ordinary shares to be admitted to trading on AIM, which is expected to take place on 20 January 2016. The new ordinary shares will rank pari passu with the existing ordinary shares in issue.
In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the FCA, the Company confirms that, following this issue, its issued share capital will comprise 503,750,286 Ordinary Shares of 1 pence each. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 503,750,286.
This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Hot Features
Premium
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------
a) Name David Williams
--- ----------------------------------------------------------------- ----------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------
a) Position/status 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 N/A
--- ----------------------------------------------------------------- ----------------------------
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 Ordinary shares of 1p each
Identification code
GB00B00T3528
--- ----------------------------------------------------------------- ----------------------------
b) Nature of the transaction Transfer of loan note
--- ----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
n/a 5,000,000
---------- ----------
--- ----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 5,000,000
GBPn/a
* Price
--- ----------------------------------------------------------------- ----------------------------
e) Date of the transaction 13 January 2017
--- ----------------------------------------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ----------------------------------------------------------------- ----------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------
a) Name David Williams
--- ----------------------------------------------------------------- ----------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------
a) Position/status 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 N/A
--- ----------------------------------------------------------------- ----------------------------
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 Ordinary shares of 1p each
Identification code
GB00B00T3528
--- ----------------------------------------------------------------- ----------------------------
b) Nature of the transaction Exercise of warrants
--- ----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
2p 5,000,000
--------- ----------
--- ----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 5,000,000
GBP100,000
* Price
--- ----------------------------------------------------------------- ----------------------------
e) Date of the transaction 13 January 2017
--- ----------------------------------------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ----------------------------------------------------------------- ----------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------
a) Name Giles Willits
--- ----------------------------------------------------------------- ----------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------
a) Position/status Non-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 N/A
--- ----------------------------------------------------------------- ----------------------------
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 Ordinary shares of 1p each
Identification code
GB00B00T3528
--- ----------------------------------------------------------------- ----------------------------
b) Nature of the transaction Exercise of loan notes
--- ----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
1p 5,000,000
--------- ----------
--- ----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 5,000,000
GBPn/a
* Price
--- ----------------------------------------------------------------- ----------------------------
e) Date of the transaction 13 January 2017
--- ----------------------------------------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ----------------------------------------------------------------- ----------------------------
Contacts:
Shearwater Group plc www.aurummining.net
David Williams +44 (0) 797 014 8016
Mo Stevens +44 (0) 780 171 2582
WH Ireland Limited Nominated Adviser & Broker
Mike Coe, Ed Allsopp +44 (0) 117 945 3470
Powerscourt aurum@powerscourt-group.com
Ben Griffiths, Andy
Jones +44 (0)20 7250 1446
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSFAFMDFWSEEF
(END) Dow Jones Newswires
January 13, 2017 11:30 ET (16:30 GMT)
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