Shearwater Group PLC Director/PDMR Shareholdings (8494C)
April 20 2017 - 3:30AM
UK Regulatory
TIDMSWG
RNS Number : 8494C
Shearwater Group PLC
20 April 2017
20 April 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 signed commitments in respect of new
Ordinary Shares pursuant to the conditional placing announced
earlier today. David Williams, Chairman has subscribed for
12,500,000 new Ordinary Shares. In addition, Mo Stevens, Chief
Executive Officer, and Non-executive Directors Robin Southwell,
Stephen Ball and Giles Willits, have subscribed for 625,000 new
Ordinary shares each. The new Ordinary Shares are to be issued to
those Directors at the issue price of 4 pence per share.
The Directors' participation in the Placing constitutes a
related party transaction under the AIM Rules for Companies. Chris
Eadie is an independent director for the purposes of this
transaction, and considers, having consulted with WH Ireland
Limited, the Company's nominated adviser, that the terms of the
Directors' subscription are fair and reasonable insofar as the
shareholders of the Company are concerned.
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 12,500,000
--------- -----------
--- ----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 12,500,000
GBP500,000
* Price
--- ----------------------------------------------------------------- ----------------------------
e) Date of the transaction 20 April 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 20 April 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 20 April 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 20 April 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 20 April 2017
--- ----------------------------------------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ----------------------------------------------------------------- ----------------------------
Contacts:
Shearwater Group plc www.theshearwatergroup.co.uk
David Williams +44 (0) 797 014 8016
Michael Stevens +44 (0) 780 171 2582
WH Ireland Limited - Nominated www.whirelandplc.com
Adviser & Broker
Mike Coe, Ed Allsopp +44 (0) 117 945 3470
Powerscourt - Financial PR shearwater@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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