Director/PDMR Shareholding

RNS Number : 1126J

Shearwater Group PLC

08 December 2022

 

8 December 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 6 December 2022 and 7 December 2022, VJM Investments Limited, a company in which the Company's Chief Executive Officer, Phil Higgins, has a beneficial interest, purchased in aggregate 32,500 ordinary shares of 10 pence in the capital of the Company ("Ordinary Shares") at a weighted average price of 108.0 pence per Ordinary Share.

On 7 December 2022, Mr Phil Higgins, CEO, simultaneously sold 36,745 Ordinary Shares and these Ordinary Shares were equally purchased by ISA accounts controlled by Phil Higgins (18,372 Ordinary Share purchase) and Mrs Lauren Higgins (18,372 Ordinary Share purchase), a person closely related to Phil Higgins, CEO.

Following these purchases by an investment vehicle of which Mr. Higgins has a beneficial interest, Mr Higgins is now beneficially interested in 2,439,349 Ordinary Shares, representing approximately 10.2 per cent of the issued ordinary share capital of the Company.

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	www.shearwatergroup.com c/o Alma PR
Cenkos Securities plc - NOMAD and Broker Ben Jeynes / Max Gould - Corporate Finance Alex Pollen / Henry Nicol - Sales	[phone]
Alma PR Justine James / Joe Pederzolli	[e-mail]   [phone]

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 GB00BKT6VH21
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1. 106.5 pence 2. 109.0 pence 1.  12,500 2.  20,000
d)	Aggregated information - Aggregated volume - Price	32,500 108 pence
e)	Date of the transaction	1.  6 December 2022 2.  7 December 2022
f)	Place of the transaction	London Stock Exchange, AIM

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	1.  Sale of Ordinary Shares 2.  Purchase of Ordinary Shares into ISA
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.  108 pence 2.  108 pence 1.  36,745 2.  18,372
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	7 December 2022
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lauren Higgins
2	Reason for the notification
a)	Position/status	Person closely associated to 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 GB00BKT6VH21
b)	Nature of the transaction	Purchase of Ordinary Shares into ISA
c)	Price(s) and volume(s)	Price(s) Volume(s) 108 pence 18,372
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	7 December 2022
f)	Place of the transaction	London Stock Exchange, AIM

 

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