18 April 2023
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 14 April 2023 and 17 April 2023, persons closely associated with the Company's Chief Executive Officer, Phil Higgins, purchased in aggregate 162,200 ordinary shares of 10 pence in the capital of the Company ("Ordinary Shares).
Following these purchases by an investment vehicle of which Mr. Higgins has a beneficial interest and Mr. Higgins' adult daughter, Mr Higgins is now beneficially interested in 2,649,349 Ordinary Shares, representing approximately 11.1 per cent of the issued ordinary share capital of the Company, and the aggregate interest in Ordinary Shares of the Higgins family increases by an aggregate 162,200 Ordinary Shares.
The notifications below, made in accordance with the UK Market Abuse Regulation, provide further details.
Enquiries:
| Shearwater Group plc David Williams, Chairman Phil Higgins, CEO
| c/o Alma PR |
| Cenkos Securities plc - NOMAD and Broker Adrian Hadden / Max Gould - Corporate Finance Alex Pollen / Henry Nicol - Sales
| +44 (0) 20 7397 8900 |
| 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 |
n/a | ||||
| e) | Date of the transaction | 17 April 2023 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Maddison Higgins | ||||
| 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 |
n/a | ||||
| e) | Date of the transaction | 14 April 2023 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
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