Shearwater Group PLC Adviser Update (2649H)

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RNS Number : 2649H

Shearwater Group PLC

23 November 2022

SHEARWATER GROUP PLC

("Shearwater", or the "Group")

Adviser Update

Shearwater Group plc (AIM: SWG), the cybersecurity, advisory and managed security services group, announces that Cenkos Securities plc will act as the Company's sole broker with effect from today. Cenkos Securities plc remains the Company's nominated adviser.

David Williams, Chairman of Shearwater Group, commented: "As part of our regular cost monitoring procedure and given the size of our company, the Board came to the view that the cost of having two brokers was not providing sufficient value to shareholders. Accordingly we have streamlined our financial adviser relationships to Cenkos as our Nominated Adviser and sole broker."

Enquiries:

 
 Shearwater Group plc                      www.shearwatergroup.com 
  David Williams, Chairman                  c/o Alma PR 
  Phil Higgins, CEO 
 Cenkos Securities plc - NOMAD and 
  Broker 
  Ben Jeynes / Max Gould - Corporate 
  Finance 
  Alex Pollen / Michael Johnson - Sales    +44 (0) 20 7397 8900 
 Alma PR                                   shearwater@almapr.co.uk 
  Justine James / Joe Pederzolli            +44 (0) 20 3405 0205

About Shearwater Group plc

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.

The Group's differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

The Group is headquartered in the UK, serving customers globally across 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 .

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