REG - Shearwater Group PLC - Director/PDMR Shareholding

ShearwaterAnnouncement

09/08/2021 17:45

RNS Number : 0682I
  
Shearwater Group PLC
  
09 August 2021
  
 

9 August 2021
 
 
SHEARWATER GROUP PLC
("Shearwater", or the "Company")
 
Director/PDMR Shareholding
 
Shearwater Group plc (AIM: SWG), the organisational resilience group, announces that it has received notification that on 9 August 2021 Phil Higgins, Group Chief Executive Officer of the Company, transferred 65,000 ordinary shares of 10p in the Company ("Ordinary Shares") previously held in his own name into ISAs held by Mr. Higgins and his family members. This transfer was facilitated by way of a sale by Mr. Higgins of 65,000 Ordinary Shares at a price of 153.0 pence per Ordinary Share and subsequent repurchases of an aggregate of 65,000 Ordinary Shares in five equal amounts by ISAs held by Mr. Higgins, his wife and his three adult children at a price of 153.05 pence per Ordinary Share.
 
Following these transactions, Mr. Higgins' is beneficially interested in 2,197,350 Ordinary Shares, representing approximately 9.2% per cent. of the issued ordinary share capital of the Company, and the aggregate interest in Ordinary Shares of the Higgins family remains unchanged.
 
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


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 10 pence each

GB00BKT6VH21




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


65,000


13,000




Price


153.0 pence


153.05 pence



 
 




d)


Aggregated information
- Aggregated volume
- Price


 
Single transactions
 




e)


Date of the transaction


9 August 2021




f)


Place of the transaction


London Stock Exchange, AIM



 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Lauren Higgins, Johnathan Higgins, Madison 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 10 pence each



GB00BKT6VH21




b)


Nature of the transaction


Purchase of shares made through ISA




c)
 


Price(s) and volume(s)
 
 


 



Person Closely Associated


Price


Volume




Lauren Higgins


153.05 pence


13,000




Johnathan Higgins


153.05 pence


13,000




Madison Higgins


153.05 pence


13,000



 




d)


Aggregated information
- Aggregated volume
- Price


 
See above
 




e)


Date of the transaction


9 August 2021




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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHBLGDIBSGDGBC