Shearwater Group (SWG)

 

LSE:SWG: Director/PDMR Shareholdings

Shearwater Group

10 Jan 2017 07:00:10

Shearwater Group PLC

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

 

Identification code

Ordinary shares of 1p each

 

 

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

-      Price

 

15,000,000

£600,000

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

 

Identification code

Ordinary shares of 1p each

 

 

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

-      Price

 

625,000

£25,000

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

 

Identification code

Ordinary shares of 1p each

 

 

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

-      Price

 

625,000

£25,000

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

 

Identification code

Ordinary shares of 1p each

 

 

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

-      Price

 

625,000

£25,000

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

 

Identification code

Ordinary shares of 1p each

 

 

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

-      Price

 

625,000

£25,000

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

 

Identification code

Ordinary shares of 1p each

 

 

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

-      Price

 

625,000

£25,000

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

Mo Stevens

+44 (0) 797 014 8016

+44 (0) 780 171 2582



WH Ireland Limited

Nominated Adviser & Broker

Mike Coe, Ed Allsopp

+44 (0) 117 945 3470



Powerscourt

[email protected]

Ben Griffiths, Andy Jones

+44 (0)20 7250 1446

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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