26 Apr 2018 07:00
26 April 2018
GBGI limited
("GBGI" or "the Company" and, together with its subsidiary undertakings, the "Group")
Director/PDMR Shareholding
GBGI Limited (AIM: GBGI), a leading integrated provider of international benefits insurance, announces that it was notified that David Gibson, Non-Executive Director of the Company, through Molokai Partners LLC, purchased 1,200,000 Ordinary Shares of $1.00 each ("Ordinary Shares") in the Company at 80p per share, representing 1.38% of the Company's issued share capital.
David Gibson, Non-Executive Director of the Company is also the founder, owner and managing member of Molokai Partners LLC which acts as investment adviser to the Finbar's controlling trust. Finbar GBG Holdings Limited ("Finbar") is a substantial shareholder of the Company, holding 11,281,700 Ordinary Shares representing 12.97% of the Company's issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | David Gibson, via Molokai Partners LLC
| |
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
| GBGI Limited | |
b)
| LEI
| 2138007LDFAGQK1N7948 | |
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 $1.00 each
GG00BYQFSK24 | |
b)
| Nature of the transaction
| Acquisition of Shares | |
c)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
1. 80 pence 2. 80 pence
| 1. 100,000 2. 250,000
| ||
d)
| Aggregated information
- Aggregated volume
- Price
|
- 350,000 shares
- 80 pence | |
e)
| Date of the transaction
| 23 April 2018
| |
f)
| Place of the transaction
| London Stock Exchange, AIM | |
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 $1.00 each
GG00BYQFSK24 | |
b)
| Nature of the transaction
| Acquisition of Shares | |
c)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
80 pence
| 650,000
| ||
d)
| Aggregated information
- Aggregated volume
- Price
| n/a single transaction | |
e)
| Date of the transaction
| 24 April 2018
| |
f)
| Place of the transaction
| London Stock Exchange, AIM | |
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 $1.00 each
GG00BYQFSK24 | |
b)
| Nature of the transaction
| Acquisition of Shares | |
c)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
80 pence
| 200,000
| ||
d)
| Aggregated information
- Aggregated volume
- Price
| n/a single transaction | |
e)
| Date of the transaction
| 25 April 2018
| |
f)
| Place of the transaction
| London Stock Exchange, AIM | |
- Ends -
For further information please contact:
GBGI Limited | |
Bob Dubrish (CEO) | +1 949 421 3180 |
Eric Dickelman (CFO) | +1 949 421 3390 |
Canaccord Genuity Limited (Nominated Adviser and Broker) | |
Sunil Duggal | +44 (0) 20 7523 8000 |
Andrew Buchanan | |
Emma Gabriel |