SHEARWATER GROUP PLC — Director's Dealing 2018

Dec 28, 2018

National Storage Mechanism | Additional information

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RNS Number : 7392L

Shearwater Group PLC

28 December 2018

28 December 2018

SHEARWATER GROUP PLC

("Shearwater" or the "Company") 

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG) today announces that on 24 December 2018 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 2.7 pence per share. The Company also announces that Phil Higgins, Executive Director, purchased 2,500,000 Ordinary Shares at a price of 2.7 pence per share on 24 December 2018.

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)

Price(s)	Volume(s)
2.7 pence	2,500,000

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

24 December 2018

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Phil Higgins

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

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)

Price(s)	Volume(s)
2.7 pence	2,500,000

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

24 December 2018

f)

Place of the transaction

London Stock Exchange, AIM

Enquiries:

Shearwater Group plc David Williams Michael (Mo) Stevens	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 7427 1412

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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