Shearwater Group PLC Director/PDMR Shareholding (7850B)

TIDMSWG

RNS Number : 7850B

Shearwater Group PLC

05 October 2022

5 October 2022

SHEARWATER GROUP PLC

("Shearwater", or the "Group")

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG), the cybersecurity, advisory and managed security services group, announces that on 3 October 2022 VJM Investments Limited, a company in which the Company's Chief Executive Officer, Phil Higgins, has a beneficial interest, purchased 25,000 ordinary shares of 10 pence in the capital of the Company ("Ordinary Shares") at a price of 92 pence per share.

Following this purchase, Mr Higgins is beneficially interested in 2,241,850 Ordinary Shares, representing approximately 9.4 per cent of the issued ordinary share capital of the Company, and the aggregate interest in Ordinary Shares of the Higgins family increases by 25,000 Ordinary Shares.

The notification below, made in accordance with the UK Market Abuse Regulation, provides further details.

Enquiries:

 
 Shearwater Group plc                   www.shearwatergroup.com 
  David Williams, Chairman               c/o Alma PR 
  Phil Higgins, CEO 
 Cenkos Securities plc - NOMAD 
  and Joint Broker 
  Ben Jeynes / Max Gould - Corporate 
  Finance 
  Alex Pollen / George Budd - Sales     [phone] 
 Berenberg - Joint Broker 
  Matthew Armitt / Mark Whitmore        [phone] 
 Alma PR                                [e-mail] 
  Justine James / Joe Pederzolli         [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                           VJM Investments Limited 
      -----------------------------  ------------------------------------- 
 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 10 pence each 
        financial instrument, 
        type of instrument 
        Identification code            GB00BKT6VH21 
      -----------------------------  ------------------------------------- 
 b)    Nature of the transaction      Purchase of Ordinary Shares 
      -----------------------------  ------------------------------------- 
 c)    Price(s) and volume(s)          Price(s)    Volume(s) 
                                        92 pence    25,000 
                                                   ---------- 
      -----------------------------  ------------------------------------- 
 d)    Aggregated information 
   - Aggregated volume                 25,000 
   - Price                              92.0p 
 ----------------------------------  ------------------------------------- 
 e)    Date of the transaction        3 October 2022 
      -----------------------------  ------------------------------------- 
 f)    Place of the transaction       London Stock Exchange, AIM 
      -----------------------------  ------------------------------------- 
 

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October 05, 2022 02:00 ET (06:00 GMT)