Shearwater Group PLC Director/PDMR Shareholding (1777C)

TIDMSWG

RNS Number : 1777C

Shearwater Group PLC

14 June 2019

14 June 2019

SHEARWATER GROUP PLC

("Shearwater" or the "Company")

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG) today announces that on 13 June 2019 Wentworth Limited, a company in which the Chairman, David Williams, has a beneficial interest purchased 2,500,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 2.18 pence per share. The Company also announces that VJM Investments, a company closely associated with the CEO, Phil Higgins, purchased 2,250,000 Ordinary Shares at an average price of 2.19 pence per share over 12 and 13 June 2019.

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                         Wentworth Limited 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              Person closely associated with David 
                                    Williams, Chairman 
     ---------------------------  -------------------------------------- 
 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 Ordinary Shares 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)      Volume(s) 
                                      2.18 pence    2,500,000 
                                                   ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      13 June 2019 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     London Stock Exchange, AIM 
     ---------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                          VJM Investments 
     ----------------------------  ------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status               Person closely associated with Phil 
                                     Higgins, 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 Ordinary Shares 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)       Volume(s) 
                                       2.175 pence    1,000,000 
                                       2.20 pence     1,250,000 
                                                     ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume            2,250,000 
       - Price                        GBP49,250.00 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       12 and 13 June 2019 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      London Stock Exchange, AIM 
     ----------------------------  ------------------------------------- 
 

Enquiries:

 
 Shearwater Group plc                       www.theshearwatergroup.co.uk 
  David Williams                                 c/o Instinctif Partners 
  Phil Higgins 
 Cenkos Securities plc - NOMAD and 
  Broker 
  Max Hartley - NOMAD 
  Julian Morse / Michael Johnson - Sales            [phone] 
 Instinctif Partners - Financial PR            [e-mail] 
  Adrian Duffield / Chantal Woolcock                [phone] 
  / Kay Larsen 
 

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June 14, 2019 02:00 ET (06:00 GMT)