TIDMSWG

Shearwater Group PLC

24 April 2018

24 April 2018

SHEARWATER GROUP PLC

("Shearwater", the "Company" or the "Group")

Contract Win

Shearwater Group plc (AIM: SWG), the digital resilience group, is pleased to announce that its portfolio company Xcina, has been appointed as an approved supplier of data and information assurance solutions to a global FTSE 100 company, and has won an initial Payment Card Industry Data Security Standard ("PCI DSS") architecture review contract worth GBP0.2m.

Xcina's work under this initial contract will help the customer to assess its PCI DSS card data payment environment with a view to ensuring that the customer meets its upcoming compliance audits in both the UK and US, and serves to highlight the applicability of Xcina's information and cyber security solutions across corporate customers of all sizes.

Michael (Mo) Stevens, Group Chief Executive Officer of Shearwater, said: "This is an important milestone for Xcina and we are really pleased with the progress the company has made since we launched the business in July last year. Becoming an approved supplier to a global FTSE 100 company is testament to the quality of the Xcina team and the solutions the business is able to offer its continually expanding customer base."

Enquiries:

 
 Shearwater Group plc               www.theshearwatergroup.co.uk 
  David Williams                     +44 (0) 797 014 8016 
  Michael (Mo) Stevens               +44 (0) 780 171 2582 
 Cenkos Securities plc - NOMAD 
  and Broker 
  Bobbie Hilliam - NOMAD 
  Julian Morse / Michael Johnson 
  - Sales                           +44 (0) 20 7397 8900 
 WH Ireland Limited - Financial     www.whirelandcb.com 
  Advisor                            +44 (0) 117 945 3470 
  Mike Coe 
  Ed Allsopp 
 Powerscourt - Financial PR         shearwater@powerscourt-group.com 
  Ben Griffiths, Andy Jones          +44 (0) 20 7250 1446 
                                     +44 (0) 77 5346 4637

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 24, 2018 02:01 ET (06:01 GMT)

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