Shearwater Group PLC Director/PDMR Shareholding (7686N)
September 26 2019 - 4:11AM
UK Regulatory
TIDMSWG
RNS Number : 7686N
Shearwater Group PLC
26 September 2019
26 September 2019
SHEARWATER GROUP PLC
Director/PDMR Shareholding
Shearwater Group plc (AIM: SWG, "Shearwater" or the "Company")
today announces that on 25 September 2019, Wentworth Limited, a
company in which the Chairman, David Williams, has a beneficial
interest, purchased 5,000,000 ordinary shares of 1 pence each in
the capital of the Company ("Ordinary Shares") at a price of 1.70
pence per share. The Company also announces that VJM Investments, a
company closely associated with the CEO, Phil Higgins, purchased
5,000,000 Ordinary Shares at a price of 1.72 pence per share on 25
September 2019. It is noted these purchases were completed prior to
the share capital consolidation of 100 to 1 which was effected on
26 September 2019.
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 Wentworth Limited
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Person closely associated with David
Williams, Chairman
--------------------------- --------------------------------------
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)
1.70 pence 5,000,000
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
--------------------------- --------------------------------------
e) Date of the transaction 25 September 2019
--------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------- --------------------------------------
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)
1.72 pence 5,000,000
----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
---------------------------- -------------------------------------
e) Date of the transaction 25 September 2019
---------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------- -------------------------------------
Enquiries:
Shearwater Group plc c/o Instinctif Partners
David Williams, Chairman
Phil Higgins, CEO
Cenkos Securities plc - NOMAD and
Joint Broker
Max Hartley / Giles Balleny - NOMAD
Julian Morse / Michael Johnson -
Sales +44 (0) 20 7397 8900
Berenberg - Joint Broker
Matthew Armitt / Mark Whitmore +44 (0) 20 3207 7800
Instinctif Partners shearwater@instinctif.com
Adrian Duffield / Chantal Woolcock +44 (0) 20 7457 2815
About Shearwater Group plc
Shearwater Group plc is an award-winning organisational
resilience group that provides cyber security and managed security
services to help assure and secure businesses in a connected global
economy.
The Group's comprehensive cyber security solutions and services
maintain trust between users, provide assurance around the
protection of information assets and critical infrastructure, and
support organisations' operational effectiveness. Its capabilities
include identity and access management and data security, cyber
security solutions and managed security services, and security
governance, risk and compliance.
The Group is headquartered in the UK with offices in the US, UK
and Europe, serving customers across the globe who are active in a
broad spectrum of industries.
Shearwater shares are listed on the London Stock Exchange's AIM
under the ticker "SWG". For more information, please visit
www.shearwatergroup.com.
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
DSHGIGDCRGDBGCL
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