TIDMSWG

RNS Number : 5523V

Shearwater Group PLC

06 April 2023

6 April 2023

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 April 2023, 4 April 2023 and 5 April 2023 a person closely associated with the Company's Chief Executive Officer, Phil Higgins, purchased an aggregate of 60,000 ordinary shares of 10 pence in the capital of the Company ("Ordinary Shares") at a weighted average price of 54.5 pence per Ordinary Share.

Following these purchases by an investment vehicle of which Mr. Higgins has a beneficial interest, Mr Higgins is now beneficially interested in 2,499,349 Ordinary Shares, representing approximately 10.5 per cent of the issued ordinary share capital of the Company.

The notifications below, made in accordance with the UK Market Abuse Regulation, provide 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 
  Adrian Hadden / Ben Jeynes / Max 
  Gould - Corporate Finance 
  Alex Pollen / Henry Nicol - Sales    +44 (0) 20 7397 8900 
 Alma PR                               shearwater@almapr.co.uk 
  Justine James / Joe Pederzolli        +44 (0) 20 3405 0205

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)      Date             Price(s)       Volume(s) 
                                    3 April 2023     54.5 pence     25,000 
                                    4 April 2023     54.5 pence      10,000 
                                    5 April 2023     54.5 pence      25,000 
                                                   -------------  ---------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume         60,000 
       - Price                      54.5 pence per share 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     3, 4, 5 April 2023 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
     --------------------------  -------------------------------------------

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END

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April 06, 2023 02:00 ET (06:00 GMT)

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