Shearwater Group PLC Director/PDMR Shareholding (6715I)

TIDMSWG

RNS Number : 6715I

Shearwater Group PLC

06 December 2022

6 December 2022

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 1 December 2022, 2 December 2022 and 5 December 2022, VJM Investments Limited, a company in which the Company's Chief Executive Officer, Phil Higgins, has a beneficial interest, purchased in aggregate 85,000 ordinary shares of 10 pence in the capital of the Company ("Ordinary Shares") at a weighted average price of 99.9 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 2,406,850 Ordinary Shares, representing approximately 10.1 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 
  Broker 
  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)         Price(s)         Volume(s) 
                                      1. 95.5 pence         1. 20,000 
                                       2. 99.0 pence         2. 20,000 
                                       3. 102 pence          3. 25,000 
                                       4. 101 pence          4. 10,000 
                                       5. 104 pence          5. 10,000 
                                                      ---------------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           85,000 
       - Price                        99.9 pence 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction            1. 1 December 2022 
                                          2. 1 December 2022 
                                          3. 2 December 2022 
                                          4. 5 December 2022 
                                          5. 5 December 2022 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      London Stock Exchange, AIM 
     ----------------------------  -------------------------------------

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END

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