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RNS Number : 5121V

Shearwater Group PLC

14 December 2021

14 December 2021

SHEARWATER GROUP PLC

("Shearwater" or the "Company")

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG) announces that on 10 and 13 December 2021 VJM Investments Limited, a company in which the Company's Chief Executive Officer, Phil Higgins, has a beneficial interest, purchased 19,500 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a weighted average price of 101 pence per share.

Following these transactions, Mr. Higgins' is beneficially interested in 2,216,850 Ordinary Shares, representing approximately 9.3% per cent. of the issued ordinary share capital of the Company, and the aggregate interest in Ordinary Shares of the Higgins family increases by 19,500 Ordinary Shares.

The notification below, made in accordance with the UK Market Abuse Regulation, provides further details.

Enquiries:

 
 Shearwater Group plc                   www.shearwatergroup.com 
  David Williams                         c/o Alma PR 
  Phil Higgins 
 Cenkos Securities plc - NOMAD and 
  Joint Broker 
  Ben Jeynes / Max Gould - Corporate 
  Finance 
  Julian Morse / Michael Johnson 
  - Sales                               +44 (0) 20 7397 8900 
 Berenberg - Joint Broker 
  Matthew Armitt / Mark Whitmore        +44 (0) 20 3207 7800 
 Alma PR                                shearwater@almapr.co.uk 
  Susie Hudson / Caroline Forde /        +44 (0) 20 3405 0205 
  Joe Pederzolli

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           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 10 pence each 
        financial instrument, 
        type of instrument 
        Identification code            GB00B00T3528 
      -----------------------------  ------------------------------------- 
 b)    Nature of the transaction      Purchase of Ordinary Shares 
      -----------------------------  ------------------------------------- 
 c)    Price(s) and volume(s)          Price(s)        Volume(s) 
                                        97.9 pence      5,000 
                                         98.5 pence      5,000 
                                         100 pence       5,000 
                                         108.5 pence     4,500 
                                                       ---------- 
      -----------------------------  ------------------------------------- 
 d)    Aggregated information 
   - Aggregated volume                 19,500 
   - Price                              101.0p 
 ----------------------------------  ------------------------------------- 
 e)    Date of the transaction        10 December 2021; 13 December 2021 
      -----------------------------  ------------------------------------- 
 f)    Place of the transaction       London Stock Exchange, AIM 
      -----------------------------  -------------------------------------

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END

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December 14, 2021 02:00 ET (07:00 GMT)

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