Shearwater Group PLC Director/PDMR Shareholdings (7617T)
January 10 2017 - 1:00AM
UK Regulatory
TIDMSWG
RNS Number : 7617T
Shearwater Group PLC
10 January 2017
10 January 2017
SHEARWATER GROUP PLC
(the "Company")
Director/PDMR Shareholdings
Shearwater Group plc (AIM: SWG), was notified of the following
transactions in ordinary shares of 1 pence each in the Company
("Ordinary Shares") by directors of the Company.
Certain Directors have been issued new Ordinary Shares pursuant
to the placing approved by shareholders on 9 January 2017. David
Williams, Chairman has subscribed for 15,000,000 new Ordinary
Shares. In addition, Mo Stevens, Chief Executive Officer, Chris
Eadie (via his wife), Executive Director and Non-executive
Directors Robin Southwell, Stephen Ball and Giles Willits, have
subscribed for 625,000 new Ordinary shares each. The new Ordinary
Shares were issued to those Directors at the placing price of 4
pence per share.
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 Ordinary shares of 1p each
Identification code
GB00B00T3528
--- ----------------------------------------------------------------- ----------------------------
b) Nature of the transaction Subscription for cash
--- ----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- -----------
4p 15,000,000
--------- -----------
--- ----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 15,000,000
GBP600,000
* Price
--- ----------------------------------------------------------------- ----------------------------
e) Date of the transaction 9 January 2017
--- ----------------------------------------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ----------------------------------------------------------------- ----------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------
a) Name Mo Stevens
--- ----------------------------------------------------------------- ----------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ----------------------------------------------------------------- ----------------------------
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 Ordinary shares of 1p each
Identification code
GB00B00T3528
--- ----------------------------------------------------------------- ----------------------------
b) Nature of the transaction Subscription for cash
--- ----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
4p 625,000
--------- ----------
--- ----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 625,000
GBP25,000
* Price
--- ----------------------------------------------------------------- ----------------------------
e) Date of the transaction 9 January 2017
--- ----------------------------------------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ----------------------------------------------------------------- ----------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------
a) Name Chris Eadie
--- ----------------------------------------------------------------- ----------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------
a) Position/status Executive Officer
--- ----------------------------------------------------------------- ----------------------------
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 Ordinary shares of 1p each
Identification code
GB00B00T3528
--- ----------------------------------------------------------------- ----------------------------
b) Nature of the transaction Subscription for cash
--- ----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
4p 625,000
--------- ----------
--- ----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 625,000
GBP25,000
* Price
--- ----------------------------------------------------------------- ----------------------------
e) Date of the transaction 9 January 2017
--- ----------------------------------------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ----------------------------------------------------------------- ----------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------
a) Name Robin Southwell
--- ----------------------------------------------------------------- ----------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------
a) Position/status Non-executive Director
--- ----------------------------------------------------------------- ----------------------------
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 Ordinary shares of 1p each
Identification code
GB00B00T3528
--- ----------------------------------------------------------------- ----------------------------
b) Nature of the transaction Subscription for cash
--- ----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
4p 625,000
--------- ----------
--- ----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 625,000
GBP25,000
* Price
--- ----------------------------------------------------------------- ----------------------------
e) Date of the transaction 9 January 2017
--- ----------------------------------------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ----------------------------------------------------------------- ----------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------
a) Name Stephen Ball
--- ----------------------------------------------------------------- ----------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------
a) Position/status Non-executive Director
--- ----------------------------------------------------------------- ----------------------------
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 Ordinary shares of 1p each
Identification code
GB00B00T3528
--- ----------------------------------------------------------------- ----------------------------
b) Nature of the transaction Subscription for cash
--- ----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
4p 625,000
--------- ----------
--- ----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 625,000
GBP25,000
* Price
--- ----------------------------------------------------------------- ----------------------------
e) Date of the transaction 9 January 2017
--- ----------------------------------------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ----------------------------------------------------------------- ----------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------
a) Name Giles Willits
--- ----------------------------------------------------------------- ----------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------
a) Position/status Non-executive Director
--- ----------------------------------------------------------------- ----------------------------
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 Ordinary shares of 1p each
Identification code
GB00B00T3528
--- ----------------------------------------------------------------- ----------------------------
b) Nature of the transaction Subscription for cash
--- ----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
4p 625,000
--------- ----------
--- ----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 625,000
GBP25,000
* Price
--- ----------------------------------------------------------------- ----------------------------
e) Date of the transaction 9 January 2017
--- ----------------------------------------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ----------------------------------------------------------------- ----------------------------
Contacts:
Shearwater Group plc www.aurummining.net
David Williams +44 (0) 797 014 8016
Mo Stevens +44 (0) 780 171 2582
WH Ireland Limited Nominated Adviser & Broker
Mike Coe, Ed Allsopp +44 (0) 117 945 3470
Powerscourt aurum@powerscourt-group.com
Ben Griffiths, Andy
Jones +44 (0)20 7250 1446
This information is provided by RNS
The company news service from the London Stock Exchange
END
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