Shearwater Group PLC Director/PDMR Shareholding (2660E)
October 17 2018 - 2:00AM
UK Regulatory
TIDMSWG
RNS Number : 2660E
Shearwater Group PLC
17 October 2018
17 October 2018
SHEARWATER GROUP PLC
("Shearwater" or the "Company")
Director/PDMR Shareholding
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 subscribed for new Ordinary Shares pursuant to
the Placing at the Placing Price approved by shareholders on 16
October 2018. David Williams*, Chairman has acquired 8,333,422 new
Ordinary Shares. In addition, Mo Stevens, Chief Executive Officer,
and non-executive Director, Stephen Ball, have acquired 694,400 new
Ordinary Shares each.
* The Ordinary Shares acquired by David Williams were acquired
by Wentworth Limited, a company in which Mr Williams has a
beneficial interest.
Capitalised terms in this announcement have the same meaning as
given in the admission document published on 28 September 2018.
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 Wentworth Limited
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Person closely associated with David
Williams, Chairman
--------------------------- --------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- --------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
GB00B00T3528
Identification code
--------------------------- --------------------------------------
b) Nature of the transaction Subscription for cash
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.6 pence 8,333,422
-----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 8,333,422
GBP300,003.19
- Price
--------------------------- --------------------------------------
e) Date of the transaction 17 October 2018
--------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael "Mo" Stevens
------------------------------ -----------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------ -----------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------ -----------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
GB00B00T3528
Identification code
------------------------------ -----------------------------------
b) Nature of the transaction Subscription for cash
------------------------------ -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.6 pence 694,400
----------
------------------------------ -----------------------------------
d) Aggregated information
- Aggregated volume 8,333,422
GBP24,998.40
- Price
------------------------------ -----------------------------------
e) Date of the transaction 17 October 2018
------------------------------ -----------------------------------
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 Initial Notification
/Amendment
------------------------------ -----------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
GB00B00T3528
Identification code
------------------------------ -----------------------------------
b) Nature of the transaction Subscription for cash
------------------------------ -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.6 pence 694,400
----------
------------------------------ -----------------------------------
d) Aggregated information
- Aggregated volume 8,333,422
GBP24,998.40
- Price
------------------------------ -----------------------------------
e) Date of the transaction 17 October 2018
------------------------------ -----------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------ -----------------------------------
Enquiries:
Shearwater Group plc www.theshearwatergroup.co.uk
David Williams c/o Instinctif Partners
Michael (Mo) Stevens
Cenkos Securities plc - NOMAD and Broker
Max Hartley - NOMAD
Julian Morse / Michael Johnson - Sales +44 (0) 20 7397 8900
Instinctif Partners - Financial PR shearwater@instinctif.com
Adrian Duffield / Chantal Woolcock / +44 (0) 20 7427 1412
Kay Larsen
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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