Shearwater Group PLC Director/PDMR Shareholding (0048B)
04 June 2019 - 4:00PM
UK Regulatory
TIDMSWG
RNS Number : 0048B
Shearwater Group PLC
04 June 2019
4 June 2019
SHEARWATER GROUP PLC
("Shearwater", or the "Company")
Director/PDMR Shareholding
Shearwater Group plc (AIM: SWG), the digital resilience group,
announces that it has received notification that Phil Higgins,
Group Chief Executive Officer of the Company, on 31 May 2019
transferred 7,950,000 Ordinary Shares of 1p ("Ordinary Shares")
into ISAs held by Mr. Higgins and his family. This transfer was
facilitated by way of a sale and repurchase at a price of 2.0 pence
per Ordinary Share.
Following these transactions, Mr. Higgins' beneficial interest
in Ordinary Shares remains unchanged at approximately 9.9 per cent.
of the issued share capital of the Company.
Enquiries:
Shearwater Group plc www.theshearwatergroup.co.uk
David Williams c/o Instinctif Partners
Phil Higgins
Cenkos Securities plc - NOMAD
and Broker
Max Hartley / Giles Balleny
- NOMAD
Julian Morse / Michael Johnson
- Sales +44 (0) 20 7397 8900
Instinctif Partners shearwater@instinctif.com
Adrian Duffield / Chantal Woolcock +44 (0) 20 7457 2815
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 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 1 pence each
financial instrument,
type of instrument
Identification code GB00B00T3528
--------------------------- ---------------------------------------------
b) Nature of the transaction Sale of shares and purchase of shares
made through ISA
--------------------------- ---------------------------------------------
c) Price(s) and volume(s) Share Sale Share Purchase
Volume 7,950,000 1,987,500
------------ ----------------
Price 2.0 pence 2.0 pence
------------ ----------------
--------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume See above
- Price
--------------------------- ---------------------------------------------
e) Date of the transaction 31 May 2019
--------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Lauren Higgins, Victoria Higgins,
Johnathan Higgins
--------------------------- ---------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status Persons Closely Associate with the
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 shares made through ISA
--------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Person Closely Price Volume
Associated
Lauren Higgins 2.0 pence 1,987,500
------------ -----------
Victoria Higgins 2.0 pence 1,987,500
------------ -----------
Johnathan Higgins 2.0 pence 1,987,500
------------ -----------
--------------------------- ---------------------------------------------------
d) Aggregated information
- Aggregated volume See above
- Price
--------------------------- ---------------------------------------------------
e) Date of the transaction 31 May 2019
--------------------------- ---------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------- ---------------------------------------------------
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
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