RNS/Sold and into Trust2 Aug 2013 12:52
Director/PDMR Shareholding
Gable Holdings Inc. (GAH.L), the European non-life insurance company, announces that William Dewsall, Chief Executive Officer of Gable, has today sold 500,000 ordinary shares of 0.25 pence each in the Company ("Ordinary Shares") at a price of 54 pence per Ordinary Share, to a trust in which the spouse and children of Michael Sofaer, non-executive Chairman, are the beneficiaries, following an agreement in principle, reached between them after the AGM held on 30 July 2013.
Following this transaction William Dewsall holds 24,367,622 Ordinary Shares, which represents 21.5 per cent. of the 113,322,000 Ordinary Shares in issue.
Following this transaction Mr Sofaer's interest for the purposes of the AIM rules is 500,000 which represents 0.4 per cent. of the Ordinary Shares in issue.