SHEARWATER GROUP PLC — Director's Dealing 2021

Dec 14, 2021

National Storage Mechanism | Additional information

RNS Number : 5121V

Shearwater Group PLC

14 December 2021

14 December 2021

SHEARWATER GROUP PLC

("Shearwater" or the "Company") 

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG) announces that on 10 and 13 December 2021 VJM Investments Limited, a company in which the Company's Chief Executive Officer, Phil Higgins, has a beneficial interest, purchased 19,500 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a weighted average price of 101 pence per share.

Following these transactions, Mr. Higgins' is beneficially interested in 2,216,850 Ordinary Shares, representing approximately 9.3% per cent. of the issued ordinary share capital of the Company, and the aggregate interest in Ordinary Shares of the Higgins family increases by 19,500 Ordinary Shares.

The notification below, made in accordance with the UK Market Abuse Regulation, provides further details.

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

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)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 10 pence each

GB00B00T3528

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
97.9 pence 98.5 pence 100 pence 108.5 pence	5,000 5,000 5,000 4,500

d)

Aggregated information

- Aggregated volume

- Price

19,500

101.0p

e)

Date of the transaction

10 December 2021; 13 December 2021

f)

Place of the transaction

London Stock Exchange, AIM

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