SHEARWATER GROUP PLC — Director's Dealing 2019

Jun 4, 2019

National Storage Mechanism | Additional information

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RNS Number : 0048B

Shearwater Group PLC

04 June 2019

4 June 2019

SHEARWATER GROUP PLC

("Shearwater", or the "Company")

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG), the digital resilience group, announces that it has received notification that Phil Higgins, Group Chief Executive Officer of the Company, on 31 May 2019 transferred 7,950,000 Ordinary Shares of 1p ("Ordinary Shares") into ISAs held by Mr. Higgins and his family. This transfer was facilitated by way of a sale and repurchase at a price of 2.0 pence per Ordinary Share.

Following these transactions, Mr. Higgins' beneficial interest in Ordinary Shares remains unchanged at approximately 9.9 per cent. of the issued share capital of the Company.

Enquiries:

Shearwater Group plc David Williams Phil Higgins	www.theshearwatergroup.co.uk c/o Instinctif Partners
Cenkos Securities plc - NOMAD and Broker Max Hartley / Giles Balleny - NOMAD Julian Morse / Michael Johnson - Sales	+44 (0) 20 7397 8900
Instinctif Partners Adrian Duffield / Chantal Woolcock	shearwater@instinctif.com   +44 (0) 20 7457 2815

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 1 pence each

GB00B00T3528

b)

Nature of the transaction

Sale of shares and purchase of shares made through ISA

c)

Price(s) and volume(s)

	Share Sale	Share Purchase
Volume	7,950,000	1,987,500
Price	2.0 pence	2.0 pence

d)

Aggregated information

- Aggregated volume

- Price

See above

e)

Date of the transaction

31 May 2019

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lauren Higgins, Victoria Higgins, Johnathan 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 1 pence each

GB00B00T3528

b)

Nature of the transaction

Purchase of shares made through ISA

c)

Price(s) and volume(s)

Person Closely Associated	Price	Volume
Lauren Higgins	2.0 pence	1,987,500
Victoria Higgins	2.0 pence	1,987,500
Johnathan Higgins	2.0 pence	1,987,500

d)

Aggregated information

- Aggregated volume

- Price

See above

e)

Date of the transaction

31 May 2019

f)

Place of the transaction

London Stock Exchange, AIM

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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