6 Apr 2023 07:00
6 April 2023
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SHEARWATER GROUP PLC
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("Shearwater", or the "Group")
Director/PDMR Shareholding
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Shearwater Group plc (AIM: SWG), the cybersecurity, advisory and managed security services group, announces that on 3 April 2023, 4 April 2023 and 5 April 2023 a person closely associated with the Company's Chief Executive Officer, Phil Higgins, purchased an aggregate of 60,000 ordinary shares of 10 pence in the capital of the Company ("Ordinary Shares") at a weighted average price of 54.5 pence per Ordinary Share.
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Following these purchases by an investment vehicle of which Mr. Higgins has a beneficial interest, Mr Higgins is now beneficially interested in 2,499,349 Ordinary Shares, representing approximately 10.5 per cent of the issued ordinary share capital of the Company.
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The notifications below, made in accordance with the UK Market Abuse Regulation, provide further details.
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Enquiries:
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Shearwater Group plc David Williams, Chairman Phil Higgins, CEO Â | www.shearwatergroup.com c/o Alma PR |
Cenkos Securities plc - NOMAD and Joint Broker Adrian Hadden / Ben Jeynes / Max Gould - Corporate Finance Alex Pollen / Henry Nicol - Sales  | +44 (0) 20 7397 8900 |
Alma PR Justine James / Joe Pederzolli | shearwater@almapr.co.uk +44 (0) 20 3405 0205 |
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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 | VJM Investments Limited | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Person closely associated with Phil Higgins, CEO | ||||||
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 | 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) Â | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence each GB00BKT6VH21 | ||||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||||
c) Â | Price(s) and volume(s) Â Â |
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d) | Aggregated information - Aggregated volume - Price |  60,000 54.5 pence per share  | ||||||
e) | Date of the transaction | 3, 4, 5 April 2023 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM |
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