Shearwater Share News (SWG)

Shearwater Group PLC - London-based cybersecurity advisory and managed security services group - Announces the expansion of its existing contract with a central government department for the provision of threat intelligence services supporting its internal security operations. The expanded contract has a total value of about GBP1 million over a three-year term, reflecting both an extension of the contract duration and an increase in services consumed, and supports the delivery of existing full-year market expectations. Phil Higgins, chief executive officer, commented: "This expansion demonstrates the strength of our relationship with a central government customer and the value of our threat intelligence solutions. Extending the term and increasing service consumption supports the department's shared services model while providing a platform for further growth."

Current stock price: 41.25 pence, down 4.1% in London on Tuesday

12-month change: up 3.1%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.