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RNS Number : 8018K

Shearwater Group PLC

02 September 2019

2 September 2019

SHEARWATER GROUP PLC

("Shearwater", or the "Company")

Issue of equity

Shearwater Group plc (AIM: SWG) announces that, further to its announcement today regarding the proposed share capital reorganisation, it has allotted and issued 16 ordinary shares of 1p each, subject only to admission of those ordinary shares to trading on AIM.

Application has been made for the 16 ordinary shares to be admitted to trading on AIM, which is expected to take place on 5 September 2019. These ordinary shares will rank pari passu with the existing ordinary shares in issue.

Total Voting Rights

In accordance with the provisions of the Disclosure, Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following admission, its issued share capital will comprise 2,210,646,000 ordinary shares of 1p each, none of which are held in treasury. Accordingly, the total number of voting rights in the Company will therefore be 2,210,646,000 on admission.

Enquiries:

 
 Shearwater Group plc                    c/o Instinctif Partners 
  David Williams, Chairman 
  Phil Higgins, CEO 
 Cenkos Securities plc - NOMAD and 
  Joint Broker 
  Max Hartley / Giles Balleny - NOMAD 
  Julian Morse / Michael Johnson 
  - Sales                                +44 (0) 20 7397 8900 
 
 Berenberg - Joint Broker 
  Matthew Armitt / Mark Whitmore         +44 (0) 20 3207 7800 
 
 Instinctif Partners                     shearwater@instinctif.com 
  Adrian Duffield / Chantal Woolcock      +44 (0) 20 7457 2815

About Shearwater Group plc

Shearwater Group plc is an award-winning organisational resilience group that provides cyber security and managed security services to help assure and secure businesses in a connected global economy.

The Group's comprehensive cyber security solutions and services maintain trust between users, provide assurance around the protection of information assets and critical infrastructure, and support organisations' operational effectiveness. Its capabilities include identity and access management and data security, cyber security solutions and managed security services, and security governance, risk and compliance.

The Group is headquartered in the UK with offices in the US, UK and Europe, serving customers across the globe who are active in 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.

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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