Shearwater Group PLC Director/PDMR Shareholding (9822P)

TIDMSWG

RNS Number : 9822P

Shearwater Group PLC

06 September 2017

6 September 2017

SHEARWATER GROUP PLC

(the "Company")

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG), has been notified that David Williams, Chairman, (via the DW Pension Fund) has today purchased 6,250,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") each at a price of 4.5 pence per share.

Following this market purchase, Mr Williams' interest in the share capital of the Company has increased to a total of 119,833,994 Ordinary Shares representing 12.43 per cent. of the Company's issued share capital.

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                                          Market purchase 
---  -----------------------------------------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                                              Price(s)   Volume(s) 
                                                                          ---------  ---------- 
                                                                            4.5p      6,151,000 
                                                                            4.5p       99,000 
                                                                          ---------  ---------- 
---  -----------------------------------------------------------------  ---------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                            6,250,000 
                                                                           GBP281,250 
 
         *    Price 
---  -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            6 September 2017 
---  -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           London Stock Exchange, AIM 
---  -----------------------------------------------------------------  ---------------------------- 
 
 
 Contacts: 
 
 Shearwater Group plc                  www.theshearwatergroup.co.uk 
 David Williams                                [phone] 
  Michael Stevens                              [phone] 
 
 WH Ireland Limited - Nominated                 www.whirelandcb.com 
  Adviser & Broker 
 Mike Coe, Ed Allsopp                          [phone] 
 
 Powerscourt - Financial PR        [e-mail] 
 Ben Griffiths, Andy Jones                     [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 06, 2017 06:45 ET (10:45 GMT)