Shearwater Group PLC Director/PDMR Shareholding (1777C)
14 June 2019 - 4:00PM
UK Regulatory
TIDMSWG
RNS Number : 1777C
Shearwater Group PLC
14 June 2019
14 June 2019
SHEARWATER GROUP PLC
("Shearwater" or the "Company")
Director/PDMR Shareholding
Shearwater Group plc (AIM: SWG) today announces that on 13 June
2019 Wentworth Limited, a company in which the Chairman, David
Williams, has a beneficial interest purchased 2,500,000 ordinary
shares of 1 pence each in the capital of the Company ("Ordinary
Shares") at a price of 2.18 pence per share. The Company also
announces that VJM Investments, a company closely associated with
the CEO, Phil Higgins, purchased 2,250,000 Ordinary Shares at an
average price of 2.19 pence per share over 12 and 13 June 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)
2.18 pence 2,500,000
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
--------------------------- --------------------------------------
e) Date of the transaction 13 June 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)
2.175 pence 1,000,000
2.20 pence 1,250,000
----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume 2,250,000
- Price GBP49,250.00
---------------------------- -------------------------------------
e) Date of the transaction 12 and 13 June 2019
---------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------- -------------------------------------
Enquiries:
Shearwater Group plc www.theshearwatergroup.co.uk
David Williams c/o Instinctif Partners
Phil Higgins
Cenkos Securities plc - NOMAD and
Broker
Max Hartley - NOMAD
Julian Morse / Michael Johnson - Sales +44 (0) 20 7397 8900
Instinctif Partners - Financial PR shearwater@instinctif.com
Adrian Duffield / Chantal Woolcock +44 (0) 20 7457 2020
/ Kay Larsen
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END
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