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Last checked at 
9 May 2017 09:00
9 May 2017
SHEARWATER GROUP PLC
(the "Company")
Director/PDMR Shareholdings
Shearwater Group plc (AIM: SWG), was notified of the following transactions in ordinary shares of 1 pence each in the Company ("Ordinary Shares") by directors of the Company.
Certain Directors have been issued new Ordinary Shares pursuant to the placing and open offer approved by shareholders on 8 May 2017. David Williams, Chairman has subscribed for 12,500,000 new Ordinary Shares in the placing. In addition, Michael Stevens, Chief Executive Officer and Non-executive Directors Robin Southwell, Stephen Ball and Giles Willits, have each subscribed for 625,000 new Ordinary shares in the placing. Christopher Eadie (via his wife), Executive Director, applied for 625,000 new Ordinary Shares in the open offer. The new Ordinary Shares were issued to those Directors at the issue price of 4 pence per share.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | David Williams | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chairman | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Shearwater Group plc | ||||
b) | LEI | N/A | ||||
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 financial instrument, type of instrument
Identification code | Ordinary shares of 1p each
GB00B00T3528 | ||||
b) | Nature of the transaction | Subscription for cash | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
12,500,000 £500,000 | ||||
e) | Date of the transaction | 9 May 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Michael Stevens | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Shearwater Group plc | ||||
b) | LEI | N/A | ||||
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 financial instrument, type of instrument
Identification code | Ordinary shares of 1p each
GB00B00T3528 | ||||
b) | Nature of the transaction | Subscription for cash | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
625,000 £25,000 | ||||
e) | Date of the transaction | 9 May 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Christopher Eadie | ||||
2 | Reason for the notification | |||||
a) | Position/status | Executive Director | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Shearwater Group plc | ||||
b) | LEI | N/A | ||||
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 financial instrument, type of instrument
Identification code | Ordinary shares of 1p each
GB00B00T3528 | ||||
b) | Nature of the transaction | Participation in Open Offer | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
625,000 £25,000 | ||||
e) | Date of the transaction | 9 May 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Robin Southwell | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-executive Director | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Shearwater Group plc | ||||
b) | LEI | N/A | ||||
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 financial instrument, type of instrument
Identification code | Ordinary shares of 1p each
GB00B00T3528 | ||||
b) | Nature of the transaction | Subscription for cash | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
625,000 £25,000 | ||||
e) | Date of the transaction | 9 May 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Stephen Ball | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-executive Director | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Shearwater Group plc | ||||
b) | LEI | N/A | ||||
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 financial instrument, type of instrument
Identification code | Ordinary shares of 1p each
GB00B00T3528 | ||||
b) | Nature of the transaction | Subscription for cash | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
625,000 £25,000 | ||||
e) | Date of the transaction | 9 May 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Giles Willits | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-executive Director | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Shearwater Group plc | ||||
b) | LEI | N/A | ||||
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 financial instrument, type of instrument
Identification code | Ordinary shares of 1p each
GB00B00T3528 | ||||
b) | Nature of the transaction | Subscription for cash | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
625,000 £25,000 | ||||
e) | Date of the transaction | 9 May 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
Contacts: | |
Shearwater Group plc | www.theshearwatergroup.co.uk |
David Williams Michael Stevens | +44 (0) 797 014 8016 +44 (0) 780 171 2582 |
WH Ireland Limited - Nominated Adviser & Broker | www.whirelandplc.com |
Mike Coe, Ed Allsopp | +44 (0) 117 945 3470 |
Powerscourt - Financial PR | shearwater@powerscourt-group.com |
Ben Griffiths, Andy Jones | +44 (0) 20 7250 1446 |
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