14 Jun 2019 07:00
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 /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)
| Description of the financial instrument, type of instrument Identification code | Ordinary shares of 1 pence each GB00B00T3528 | ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction | ||||
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 /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)
| Description of the financial instrument, type of instrument Identification code | Ordinary shares of 1 pence each GB00B00T3528 | ||||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
2,250,000 £49,250.00 | ||||||
e) | Date of the transaction | 12 and 13 June 2019 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||
Enquiries:
Shearwater Group plc David Williams Phil Higgins
| www.theshearwatergroup.co.uk c/o Instinctif Partners |
Cenkos Securities plc - NOMAD and Broker Max Hartley - NOMAD Julian Morse / Michael Johnson - Sales
| +44 (0) 20 7397 8900 |
Instinctif Partners - Financial PR Adrian Duffield / Chantal Woolcock / Kay Larsen | shearwater@instinctif.com +44 (0) 20 7457 2020 |
Shearwater (SWG)