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SWG Shearwater Group Plc

41.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
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% 41.00 40.00 42.00 41.00 41.00 41.00 13,112 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 26.69M -8.18M -0.3431 -1.19 9.77M

Shearwater Group PLC Director/PDMR Shareholdings (8494C)

20/04/2017 9:30am

UK Regulatory


Shearwater (LSE:SWG)
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From Apr 2019 to Apr 2024

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TIDMSWG

RNS Number : 8494C

Shearwater Group PLC

20 April 2017

20 April 2017

SHEARWATER GROUP PLC

(the "Company")

Director/PDMR Shareholdings

Shearwater Group plc (AIM: SWG), was notified of the following transactions in ordinary shares of 1 pence each in the Company ("Ordinary Shares") by Directors of the Company.

Certain Directors have signed commitments in respect of new Ordinary Shares pursuant to the conditional placing announced earlier today. David Williams, Chairman has subscribed for 12,500,000 new Ordinary Shares. In addition, Mo Stevens, Chief Executive Officer, and Non-executive Directors Robin Southwell, Stephen Ball and Giles Willits, have subscribed for 625,000 new Ordinary shares each. The new Ordinary Shares are to be issued to those Directors at the issue price of 4 pence per share.

The Directors' participation in the Placing constitutes a related party transaction under the AIM Rules for Companies. Chris Eadie is an independent director for the purposes of this transaction, and considers, having consulted with WH Ireland Limited, the Company's nominated adviser, that the terms of the Directors' subscription are fair and reasonable insofar as the shareholders of the Company are concerned.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 
 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                                          Subscription for cash 
---  -----------------------------------------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                                              Price(s)   Volume(s) 
                                                                          ---------  ----------- 
                                                                           4p         12,500,000 
                                                                          ---------  ----------- 
---  -----------------------------------------------------------------  ---------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                            12,500,000 
                                                                           GBP500,000 
 
         *    Price 
---  -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            20 April 2017 
---  -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           London Stock Exchange, AIM 
---  -----------------------------------------------------------------  ---------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------- 
 a)   Name                                                               Mo Stevens 
---  -----------------------------------------------------------------  ---------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                                    Chief Executive Officer 
---  -----------------------------------------------------------------  ---------------------------- 
 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                                          Subscription for cash 
---  -----------------------------------------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                                              Price(s)   Volume(s) 
                                                                          ---------  ---------- 
                                                                           4p         625,000 
                                                                          ---------  ---------- 
---  -----------------------------------------------------------------  ---------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                            625,000 
                                                                           GBP25,000 
 
         *    Price 
---  -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            20 April 2017 
---  -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           London Stock Exchange, AIM 
---  -----------------------------------------------------------------  ---------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------- 
 a)   Name                                                               Robin Southwell 
---  -----------------------------------------------------------------  ---------------------------- 
 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                                          Subscription for cash 
---  -----------------------------------------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                                              Price(s)   Volume(s) 
                                                                          ---------  ---------- 
                                                                           4p         625,000 
                                                                          ---------  ---------- 
---  -----------------------------------------------------------------  ---------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                            625,000 
                                                                           GBP25,000 
 
         *    Price 
---  -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            20 April 2017 
---  -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           London Stock Exchange, AIM 
---  -----------------------------------------------------------------  ---------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------- 
 a)   Name                                                               Stephen Ball 
---  -----------------------------------------------------------------  ---------------------------- 
 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                                          Subscription for cash 
---  -----------------------------------------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                                              Price(s)   Volume(s) 
                                                                          ---------  ---------- 
                                                                           4p         625,000 
                                                                          ---------  ---------- 
---  -----------------------------------------------------------------  ---------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                            625,000 
                                                                           GBP25,000 
 
         *    Price 
---  -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            20 April 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                                          Subscription for cash 
---  -----------------------------------------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                                              Price(s)   Volume(s) 
                                                                          ---------  ---------- 
                                                                           4p         625,000 
                                                                          ---------  ---------- 
---  -----------------------------------------------------------------  ---------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                            625,000 
                                                                           GBP25,000 
 
         *    Price 
---  -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            20 April 2017 
---  -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           London Stock Exchange, AIM 
---  -----------------------------------------------------------------  ---------------------------- 
 
 
 Contacts: 
 
 Shearwater Group plc                  www.theshearwatergroup.co.uk 
 David Williams                                +44 (0) 797 014 8016 
  Michael Stevens                              +44 (0) 780 171 2582 
 
 WH Ireland Limited - Nominated                www.whirelandplc.com 
  Adviser & Broker 
 Mike Coe, Ed Allsopp                          +44 (0) 117 945 3470 
 
 Powerscourt - Financial PR        shearwater@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

DSHMMGZDRGMGNZG

(END) Dow Jones Newswires

April 20, 2017 04:30 ET (08:30 GMT)

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