Shearwater Group PLC Director/PDMR Shareholding (1126J)
December 08 2022 - 9:34AM
UK Regulatory
TIDMSWG
RNS Number : 1126J
Shearwater Group PLC
08 December 2022
8 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 6 December 2022
and 7 December 2022, VJM Investments Limited, a company in which
the Company's Chief Executive Officer, Phil Higgins, has a
beneficial interest, purchased in aggregate 32,500 ordinary shares
of 10 pence in the capital of the Company ("Ordinary Shares") at a
weighted average price of 108.0 pence per Ordinary Share.
On 7 December 2022, Mr Phil Higgins, CEO, simultaneously sold
36,745 Ordinary Shares and these Ordinary Shares were equally
purchased by ISA accounts controlled by Phil Higgins (18,372
Ordinary Share purchase) and Mrs Lauren Higgins (18,372 Ordinary
Share purchase), a person closely related to Phil Higgins, CEO.
Following these purchases by an investment vehicle of which Mr.
Higgins has a beneficial interest, Mr Higgins is now beneficially
interested in 2,439,349 Ordinary Shares, representing approximately
10.2 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. 106.5 pence 1. 12,500
2. 109.0 pence 2. 20,000
----------------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume 32,500
- Price 108 pence
---------------------------- -------------------------------------
e) Date of the transaction 1. 6 December 2022
2. 7 December 2022
---------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Phil Higgins
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status 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 1. Sale of Ordinary Shares
2. Purchase of Ordinary Shares into
ISA
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 108 pence 1. 36,745
2. 108 pence 2. 18,372
----------------
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 7 December 2022
-------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Lauren Higgins
----------------------------- ------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Person closely associated to 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 into
ISA
----------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
108 pence 18,372
------------
----------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price
----------------------------- ------------------------------------
e) Date of the transaction 7 December 2022
----------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange, AIM
----------------------------- ------------------------------------
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END
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