TIDMSWG

RNS Number : 3968W

Shearwater Group PLC

16 April 2019

16 April 2019

SHEARWATER GROUP PLC

("Shearwater" or the "Company")

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG) today announces that over 15 and 16 April 2019 Phil Higgins, CEO, purchased 5,000,000 Ordinary Shares at an average price of 1.9775 pence per share.

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 
     ----------------------------  ------------------------------------- 
 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) 
                                       2.0375p    1,000,000 
                                       2.0p       1,000,000 
                                       1.95p      1,500,000 
                                       1.95p      1,500,000 
                                                 ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume            5,000,000 
       - Price                        GBP98,875.00 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       15 and 16 April 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 / Giles Balleny - NOMAD 
  Julian Morse / Michael Johnson - Sales            +44 (0) 20 7397 8900 
 Instinctif Partners - Financial PR            shearwater@instinctif.com 
  Adrian Duffield / Chantal Woolcock                +44 (0) 20 7427 1412 
  / Kay Larsen 
 

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 rns@lseg.com or visit www.rns.com.

END

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April 16, 2019 11:07 ET (15:07 GMT)

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