Shearwater Group PLC (LON:SWG)

Shearwater Group PLC (LON:SWG)


Share Price
1.85 p
Change
-0.025 (-1.33 %)
Market Cap
£40.90 m
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Shearwater Group PLC RNS Release

Director/PDMR Shareholding


RNS Number : 1777C
Shearwater Group PLC
14 June 2019
 

14 June 2019

 

SHEARWATER GROUP PLC

("Shearwater" or the "Company") 

Director/PDMR Shareholding

Shearwater Group plc (AIM: SWG) today announces that on 13 June 2019 Wentworth Limited, a company in which the Chairman, David Williams, has a beneficial interest purchased 2,500,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 2.18 pence per share. The Company also announces that VJM Investments, a company closely associated with the CEO, Phil Higgins, purchased 2,250,000 Ordinary Shares at an average price of 2.19 pence per share over 12 and 13 June 2019.

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

Wentworth Limited

2

Reason for the notification

a)

Position/status

Person closely associated with David Williams, 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

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 1 pence each



GB00B00T3528

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

2.18 pence

 2,500,000

d)

Aggregated information

- Aggregated volume

- Price

 

 N/A - single transaction

e)

Date of the transaction

13 June 2019

f)

Place of the transaction

London Stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

VJM Investments

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 1 pence each



GB00B00T3528

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

2.175 pence

 1,000,000

2.20 pence

 1,250,000

d)

Aggregated information

- Aggregated volume

- Price

 

 2,250,000

£49,250.00

e)

Date of the transaction

12 and 13 June 2019

f)

Place of the transaction

London Stock Exchange, AIM

 

Enquiries:

Shearwater Group plc

David Williams

Phil Higgins

 

www.theshearwatergroup.co.uk

c/o Instinctif Partners

Cenkos Securities plc - NOMAD and Broker

Max Hartley - NOMAD

Julian Morse / Michael Johnson - Sales

 

+44 (0) 20 7397 8900

Instinctif Partners - Financial PR

Adrian Duffield / Chantal Woolcock / Kay Larsen

[email protected]  

+44 (0) 20 7457 2020

 

 


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 [email protected] or visit www.rns.com.
 
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