5 October 2022
SHEARWATER GROUP PLC
("Shearwater", or the "Group")
Director/PDMR Shareholding
Shearwater Group plc (AIM: SWG), the cybersecurity, advisory and managed security services group, announces that on 3 October 2022 VJM Investments Limited, a company in which the Company's Chief Executive Officer, Phil Higgins, has a beneficial interest, purchased 25,000 ordinary shares of 10 pence in the capital of the Company ("Ordinary Shares") at a price of 92 pence per share.
Following this purchase, Mr Higgins is beneficially interested in 2,241,850 Ordinary Shares, representing approximately 9.4 per cent of the issued ordinary share capital of the Company, and the aggregate interest in Ordinary Shares of the Higgins family increases by 25,000 Ordinary Shares.
The notification below, made in accordance with the UK Market Abuse Regulation, provides further details.
Enquiries:
| Shearwater Group plc David Williams, Chairman Phil Higgins, CEO
| c/o Alma PR |
| Cenkos Securities plc - NOMAD and Joint Broker Ben Jeynes / Max Gould - Corporate Finance Alex Pollen / George Budd - Sales
| +44 (0) 20 7397 8900 |
| Berenberg - Joint Broker Matthew Armitt / Mark Whitmore
| +44 (0) 20 3207 7800 |
| Alma PR Justine James / Joe Pederzolli | +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
| ||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
25,000 92.0p | ||||
| e) | Date of the transaction | 3 October 2022 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
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