Shearwater Group PLC Director/PDMR Shareholding (0682I)

TIDMSWG

RNS Number : 0682I

Shearwater Group PLC

09 August 2021

9 August 2021

SHEARWATER GROUP PLC

("Shearwater", or the "Company")

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG), the organisational resilience group, announces that it has received notification that on 9 August 2021 Phil Higgins, Group Chief Executive Officer of the Company, transferred 65,000 ordinary shares of 10p in the Company ("Ordinary Shares") previously held in his own name into ISAs held by Mr. Higgins and his family members. This transfer was facilitated by way of a sale by Mr. Higgins of 65,000 Ordinary Shares at a price of 153.0 pence per Ordinary Share and subsequent repurchases of an aggregate of 65,000 Ordinary Shares in five equal amounts by ISAs held by Mr. Higgins, his wife and his three adult children at a price of 153.05 pence per Ordinary Share.

Following these transactions, Mr. Higgins' is beneficially interested in 2,197,350 Ordinary Shares, representing approximately 9.2% per cent. of the issued ordinary share capital of the Company, and the aggregate interest in Ordinary Shares of the Higgins family remains unchanged.

Enquiries:

 
 Shearwater Group plc                   www.shearwatergroup.com 
  David Williams                                    c/o Alma PR 
  Phil Higgins 
 Cenkos Securities plc - NOMAD and 
  Joint Broker 
  Ben Jeynes / Max Gould - Corporate 
  Finance 
  Julian Morse / Michael Johnson - 
  Sales                                    [phone] 
 Berenberg - Joint Broker 
  Matthew Armitt / Mark Whitmore           [phone] 
 Alma PR                                [e-mail] 
  Susie Hudson / Caroline Forde /          [phone] 
  Joe Pederzolli 
 

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 10 pence each 
       financial instrument, 
       type of instrument          GB00BKT6VH21 
       Identification code 
     --------------------------  ------------------------------------------ 
 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    65,000        13,000 
                                              ------------  --------------- 
                                     Price     153.0 pence   153.05 pence 
                                              ------------  --------------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
       - Aggregated volume          Single transactions 
       - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     9 August 2021 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    London Stock Exchange, AIM 
     --------------------------  ------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Lauren Higgins, Johnathan Higgins, 
                                   Madison 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 10 pence each 
       financial instrument, 
       type of instrument 
       Identification code         GB00BKT6VH21 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Purchase of shares made through ISA 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)        Person Closely     Price           Volume 
                                      Associated 
                                     Lauren Higgins     153.05 pence    13,000 
                                                       --------------  ------- 
                                     Johnathan 
                                      Higgins           153.05 pence    13,000 
                                                       --------------  ------- 
                                     Madison Higgins    153.05 pence    13,000 
                                                       --------------  ------- 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          See above 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     9 August 2021 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
     --------------------------  --------------------------------------------- 
 

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August 09, 2021 12:43 ET (16:43 GMT)