Business
Director/PDMR Shareholdings
Director/PDMR Shareholdings.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n \nRNS Number : 5688E Shearwater Group PLC 09 May 2017 \n\n9 May 2017\n \nSHEARWATER GROUP PLC\n(the \"Company\")\n \nDirector/PDMR Shareholdings\n \nShearwater 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.\n \nCertain Directors have been issued new Ordinary Shares pursuant to the placing and open offer approved by shareholders on 8 May 2017. David Williams, Chairman has subscribed for 12,500,000 new Ordinary Shares in the placing. In addition, Michael Stevens, Chief Executive Officer and Non-executive Directors Robin Southwell, Stephen Ball and Giles Willits, have each subscribed for 625,000 new Ordinary shares in the placing. Christopher Eadie (via his wife), Executive Director, applied for 625,000 new Ordinary Shares in the open offer. The new Ordinary Shares were issued to those Directors at the issue price of 4 pence per share.\n \nThe information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.\n \n \n\n\n\n\n1 \n\n\nDetails of the person discharging managerial responsibilities/person closely associated \n\n\n\n\na)\n\n\nName\n\n\nDavid Williams\n\n\n\n\n2 \n\n\nReason for the notification \n\n\n\n\na)\n\n\nPosition/status\n\n\nChairman\n\n\n\n\nb)\n\n\nInitial notification/ Amendment\n\n\nInitial Notification\n\n\n\n\n3 \n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor \n\n\n\n\na)\n\n\nName\n\n\nShearwater Group plc\n\n\n\n\nb)\n\n\nLEI\n\n\nN/A\n\n\n\n\n4 \n\n\nDetails 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 \n\n\n\n\na)\n\n\nDescription of the financial instrument, type of instrument\n \nIdentification code\n\n\nOrdinary shares of 1p each\n \n \nGB00B00T3528\n\n\n\n\nb)\n\n\nNature of the transaction\n\n\nSubscription for cash\n\n\n\n\nc)\n\n\nPrice(s) and volume(s)\n\n\n\n\n\n\nPrice(s)\n\n\nVolume(s)\n\n\n\n\n 4p\n\n\n12,500,000\n\n\n\n\n \n\n\n\n\nd)\n\n\nAggregated information\n- Aggregated volume\n- &nb...