Shearwater Group PLC Director/PDMR Shareholding (7686N)

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RNS Number : 7686N

Shearwater Group PLC

26 September 2019

26 September 2019

SHEARWATER GROUP PLC

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG, "Shearwater" or the "Company") today announces that on 25 September 2019, Wentworth Limited, a company in which the Chairman, David Williams, has a beneficial interest, purchased 5,000,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 1.70 pence per share. The Company also announces that VJM Investments, a company closely associated with the CEO, Phil Higgins, purchased 5,000,000 Ordinary Shares at a price of 1.72 pence per share on 25 September 2019. It is noted these purchases were completed prior to the share capital consolidation of 100 to 1 which was effected on 26 September 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) 
                                      1.70 pence    5,000,000 
                                                   ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      25 September 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) 
                                       1.72 pence    5,000,000 
                                                    ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume            N/A - single transaction 
       - Price 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       25 September 2019 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      London Stock Exchange, AIM 
     ----------------------------  ------------------------------------- 
 

Enquiries:

 
 Shearwater Group plc                      c/o Instinctif Partners 
  David Williams, Chairman 
  Phil Higgins, CEO 
 Cenkos Securities plc - NOMAD and 
  Joint Broker 
  Max Hartley / Giles Balleny - NOMAD 
  Julian Morse / Michael Johnson - 
  Sales                                       [phone] 
 
 Berenberg - Joint Broker 
  Matthew Armitt / Mark Whitmore              [phone] 
 
 Instinctif Partners                     [e-mail] 
  Adrian Duffield / Chantal Woolcock          [phone] 
 

About Shearwater Group plc

Shearwater Group plc is an award-winning organisational resilience group that provides cyber security and managed security services to help assure and secure businesses in a connected global economy.

The Group's comprehensive cyber security solutions and services maintain trust between users, provide assurance around the protection of information assets and critical infrastructure, and support organisations' operational effectiveness. Its capabilities include identity and access management and data security, cyber security solutions and managed security services, and security governance, risk and compliance.

The Group is headquartered in the UK with offices in the US, UK and Europe, serving customers across the globe who are active in a broad spectrum of industries.

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG". For more information, please visit www.shearwatergroup.com.

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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September 26, 2019 04:11 ET (08:11 GMT)