TIDMSWG

RNS Number : 5757W

Shearwater Group PLC

18 April 2023

18 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 14 April 2023 and 17 April 2023, persons closely associated with the Company's Chief Executive Officer, Phil Higgins, purchased in aggregate 162,200 ordinary shares of 10 pence in the capital of the Company ("Ordinary Shares).

Following these purchases by an investment vehicle of which Mr. Higgins has a beneficial interest and Mr. Higgins' adult daughter, Mr Higgins is now beneficially interested in 2,649,349 Ordinary Shares, representing approximately 11.1 per cent of the issued ordinary share capital of the Company, and the aggregate interest in Ordinary Shares of the Higgins family increases by an aggregate 162,200 Ordinary Shares.

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 
  Broker 
  Adrian Hadden / 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)         Price(s)       Volume(s) 
                                      63.75 pence    150,000 
                                                    ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume            n/a 
       - Price 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       17 April 2023 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      London Stock Exchange, AIM 
     ----------------------------  ------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                          Maddison Higgins 
     ----------------------------  ------------------------------------- 
 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) 
                                      61 pence         12,200 
                                                 ------------ 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume            n/a 
       - Price 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       14 April 2023 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      London Stock Exchange, AIM 
     ----------------------------  -------------------------------------

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END

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April 18, 2023 03:58 ET (07:58 GMT)

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