Shearwater Group PLC Director/PDMR Shareholding (7683R)

TIDMSWG

RNS Number : 7683R

Shearwater Group PLC

18 June 2018

18 June 2018

SHEARWATER GROUP PLC

("Shearwater", or the "Company")

Exercise of options

Issue of equity

Shearwater Group plc (AIM: SWG), announces that pursuant to an exercise notice it has received from Giles Willits, Non-executive Director of the Company, it has issued and allotted 521,739 new ordinary shares of 1 pence each in the capital of the Company. Application will be made for the 521,739 new ordinary shares to be admitted to trading on AIM, which is expected to take place on 22 June 2018. The new ordinary shares will rank pari passu with the existing ordinary shares in issue.

Following the above exercise, Mr Willits holds a beneficial interest in a total of 6,771,739 ordinary shares, representing approximately 0.68 per cent of the Company's issued share capital.

Total Voting Rights

In accordance with the provisions of the Disclosure, Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following admission, its issued share capital will comprise 995,372,224 ordinary shares of 1p each, none of which are held in treasury. Accordingly, the total number of voting rights in the Company will therefore be 995,372,224 on admission.

Enquiries:

 
 Shearwater Group plc               www.theshearwatergroup.co.uk 
  David Williams                     [phone] 
  Michael (Mo) Stevens               [phone] 
 Cenkos Securities plc - NOMAD 
  and Broker 
  Max Hartley - NOMAD 
  Julian Morse / Michael Johnson 
  - Sales                           [phone] 
 
 
 
 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           Initial Notification 
       /Amendment 
     -----------------------------  ------------------------------------ 
 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             Ordinary shares of 1 pence each 
       financial instrument, 
       type of instrument             ISIN: GB00B00T3528 
       Identification code 
     -----------------------------  ------------------------------------ 
 b)   Nature of the transaction      Exercise of options over ordinary 
                                      shares 
     -----------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)           Price(s)    Volume(s) 
                                        GBP0.01     521,739 
                                                   ---------- 
     -----------------------------  ------------------------------------ 
 d)   Aggregated information 
       - Aggregated volume             521,739 
       - Price                         GBP5,217.39 
     -----------------------------  ------------------------------------ 
 e)   Date of the transaction        15 June 2018 
     -----------------------------  ------------------------------------ 
 f)   Place of the transaction       Outside trading venue 
     -----------------------------  ------------------------------------ 
 

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June 18, 2018 12:00 ET (16:00 GMT)