9 August 2021
SHEARWATER GROUP PLC
("Shearwater", or the "Company")
Director/PDMR Shareholding
Shearwater Group plc (AIM: SWG), the organisational resilience group, announces that it has received notification that on 9 August 2021 Phil Higgins, Group Chief Executive Officer of the Company, transferred 65,000 ordinary shares of 10p in the Company ("Ordinary Shares") previously held in his own name into ISAs held by Mr. Higgins and his family members. This transfer was facilitated by way of a sale by Mr. Higgins of 65,000 Ordinary Shares at a price of 153.0 pence per Ordinary Share and subsequent repurchases of an aggregate of 65,000 Ordinary Shares in five equal amounts by ISAs held by Mr. Higgins, his wife and his three adult children at a price of 153.05 pence per Ordinary Share.
Following these transactions, Mr. Higgins' is beneficially interested in 2,197,350 Ordinary Shares, representing approximately 9.2% per cent. of the issued ordinary share capital of the Company, and the aggregate interest in Ordinary Shares of the Higgins family remains unchanged.
Enquiries:
| Shearwater Group plc David Williams Phil Higgins
| www.shearwatergroup.com c/o Alma PR |
| Cenkos Securities plc - NOMAD and Joint Broker Ben Jeynes / Max Gould - Corporate Finance Julian Morse / Michael Johnson - Sales
| +44 (0) 20 7397 8900 |
| Berenberg - Joint Broker Matthew Armitt / Mark Whitmore
| +44 (0) 20 3207 7800 |
| Alma PR Susie Hudson / Caroline Forde / Joe Pederzolli | shearwater@almapr.co.uk +44 (0) 20 3405 0205 |
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 | Phil Higgins | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | 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 10 pence each
| |||||||||
| b) | Nature of the transaction | Sale of shares and purchase of shares made through ISA | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d) | Aggregated information - Aggregated volume - Price |
Single transactions
| |||||||||
| e) | Date of the transaction | 9 August 2021 | |||||||||
| f) | Place of the transaction | London Stock Exchange, AIM | |||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
| a) | Name | Lauren Higgins, Johnathan Higgins, Madison Higgins | ||||||||||||
| 2 | Reason for the notification | |||||||||||||
| a) | Position/status | Persons Closely Associate with the 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 10 pence each
| ||||||||||||
| b) | Nature of the transaction | Purchase of shares made through ISA | ||||||||||||
| c)
| Price(s) and volume(s)
|
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price |
See above
| ||||||||||||
| e) | Date of the transaction | 9 August 2021 | ||||||||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||||||||
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