Shearwater Group PLC Director/PDMR Shareholding (0048B)

TIDMSWG

RNS Number : 0048B

Shearwater Group PLC

04 June 2019

4 June 2019

SHEARWATER GROUP PLC

("Shearwater", or the "Company")

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG), the digital resilience group, announces that it has received notification that Phil Higgins, Group Chief Executive Officer of the Company, on 31 May 2019 transferred 7,950,000 Ordinary Shares of 1p ("Ordinary Shares") into ISAs held by Mr. Higgins and his family. This transfer was facilitated by way of a sale and repurchase at a price of 2.0 pence per Ordinary Share.

Following these transactions, Mr. Higgins' beneficial interest in Ordinary Shares remains unchanged at approximately 9.9 per cent. of the issued share capital of the Company.

Enquiries:

 
  Shearwater Group plc                    www.theshearwatergroup.co.uk 
   David Williams                              c/o Instinctif Partners 
   Phil Higgins 
  Cenkos Securities plc - NOMAD 
   and Broker 
   Max Hartley / Giles Balleny 
   - NOMAD 
   Julian Morse / Michael Johnson 
   - Sales                                        [phone] 
  Instinctif Partners                        [e-mail] 
   Adrian Duffield / Chantal Woolcock             [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         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 
         Identification code          GB00B00T3528 
      ---------------------------  --------------------------------------------- 
  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     7,950,000     1,987,500 
                                                  ------------  ---------------- 
                                         Price      2.0 pence     2.0 pence 
                                                  ------------  ---------------- 
      ---------------------------  --------------------------------------------- 
  d)    Aggregated information 
         - Aggregated volume           See above 
         - Price 
      ---------------------------  --------------------------------------------- 
  e)    Date of the transaction      31 May 2019 
      ---------------------------  --------------------------------------------- 
  f)    Place of the transaction     London Stock Exchange, AIM 
      ---------------------------  --------------------------------------------- 
 
 
  1     Details of the person discharging managerial responsibilities 
         / person closely associated 
  a)    Name                         Lauren Higgins, Victoria Higgins, 
                                      Johnathan Higgins 
      ---------------------------  --------------------------------------------------- 
  2     Reason for the notification 
      -------------------------------------------------------------------------------- 
  a)    Position/status              Persons Closely Associate with the 
                                      CEO 
      ---------------------------  --------------------------------------------------- 
  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 
         Identification code          GB00B00T3528 
      ---------------------------  --------------------------------------------------- 
  b)    Nature of the transaction    Purchase of shares made through ISA 
      ---------------------------  --------------------------------------------------- 
  c)    Price(s) and volume(s)          Person Closely        Price         Volume 
                                          Associated 
                                         Lauren Higgins        2.0 pence     1,987,500 
                                                             ------------  ----------- 
                                         Victoria Higgins      2.0 pence     1,987,500 
                                                             ------------  ----------- 
                                         Johnathan Higgins     2.0 pence     1,987,500 
                                                             ------------  ----------- 
      ---------------------------  --------------------------------------------------- 
  d)    Aggregated information 
         - Aggregated volume           See above 
         - Price 
      ---------------------------  --------------------------------------------------- 
  e)    Date of the transaction      31 May 2019 
      ---------------------------  --------------------------------------------------- 
  f)    Place of the transaction     London Stock Exchange, AIM 
      ---------------------------  --------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 04, 2019 02:00 ET (06:00 GMT)