Director/PDMR Shareholding

RNS Number : 6178E

Shearwater Group PLC

12 February 2018

 

12 February 2018

SHEARWATER GROUP PLC

(the "Company") 

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG) has been notified that, on 9 February 2018, David Williams, Chairman, sold and repurchased 6,250,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") for a price of 3.14 pence per share, in order to transfer the shares from D W Pension Fund Ltd to Wentworth Limited, both of which being persons closely associated with Mr Williams. Accordingly, there is no change to the total number of Ordinary Shares in which Mr Williams holds a beneficial interest.

Following the above sale and repurchase, Mr Williams holds a beneficial interest in a total of 119,833,994 Ordinary Shares, representing approximately 12.43 per cent of the Company's issued share capital.

Enquires:

Shearwater Group plc David Williams Michael (Mo) Stevens	www.theshearwatergroup.co.uk [phone] [phone]
Cenkos Securities plc - NOMAD and Broker Bobbie Hilliam - NOMAD Julian Morse / Alex Aylen - Sales	[phone]
WH Ireland Limited - Financial Advisor Mike Coe Ed Allsopp	www.whirelandcb.com [phone]
Powerscourt - Financial PR Ben Griffiths, Andy Jones	[e-mail] [phone] [phone]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	D W Pension Fund Ltd
2	Reason for the notification
a)	Position/status	Person closely associated with David Williams, 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	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 1 pence each GB00B00T3528
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 3.14 pence 6,250,000
d)	Aggregated information - Aggregated volume - Price	6,250,000 £196,250.00
e)	Date of the transaction	9 February 2018
f)	Place of the transaction	AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Wentworth Limited
2	Reason for the notification
a)	Position/status	Person closely associated with David Williams, 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	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 1 pence each GB00B00T3528
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 3.14 pence 6,250,000
d)	Aggregated information - Aggregated volume - Price	6,250,000 £196,250.00
e)	Date of the transaction	9 February 2018
f)	Place of the transaction	AIMX

 

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