Director/PDMR Shareholding

RNS Number : 9822P

Shearwater Group PLC

06 September 2017

 

6 September 2017

SHEARWATER GROUP PLC

(the "Company")

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG), has been notified that David Williams, Chairman, (via the DW Pension Fund) has today purchased 6,250,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") each at a price of 4.5 pence per share.

Following this market purchase, Mr Williams' interest in the share capital of the Company has increased to a total of 119,833,994 Ordinary Shares representing 12.43 per cent. of the Company's issued share capital.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Williams
2	Reason for the notification
a)	Position/status	Chairman
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	N/A
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 1p each GB00B00T3528
b)	Nature of the transaction	Market purchase
c)	Price(s) and volume(s)	Price(s) Volume(s)  4.5p 4.5p 6,151,000 99,000
d)	Aggregated information -      Aggregated volume -      Price	6,250,000 £281,250
e)	Date of the transaction	6 September 2017
f)	Place of the transaction	London Stock Exchange, AIM

Contacts:
Shearwater Group plc	www.theshearwatergroup.co.uk
David Williams Michael Stevens	[phone] [phone]
WH Ireland Limited - Nominated Adviser & Broker	www.whirelandcb.com
Mike Coe, Ed Allsopp	[phone]
Powerscourt - Financial PR	[e-mail]
Ben Griffiths, Andy Jones	[phone]

 

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