Last checked at 24 Mar 2021 08:49
24 March 2021
GSTechnologies Limited
("GST" or the "Company")
Director/PDMR Dealings
GSTechnologies Limited (LSE: GST), the integrated information and communication technology infrastructure solutions provider, announces that on 23 March 2021 Bai Guojin ("Jack Bai") and Tan Guan Han, Shayne ("Shayne Tan"), who are both Executive Directors of the Company purchased ordinary shares of no par value in the Company ("Ordinary Shares") from Teo Chiu, Raphael ("Raphael Teo") an Executive Director of the Company, and Chong Loong Fatt, Garies ("Garies Chong"), a PDMR of the Company, as detailed below.
Jack Bai has acquired 45,000,000 Ordinary shares at a price of 2.0 pence per Ordinary Share, comprising 25,000,000 Ordinary Shares purchased from Raphael Teo and 20,000,000 from Garies Chong.
Shayne Tan has acquired 5,000,000 Ordinary Shares at a price of 2.0 pence per Ordinary Share from Garies Chong.
Following these transactions, further detailed in the disclosure tables below, the director's resultant shareholdings are as follows:
Director | Position | Ordinary Shares Held | % of Company's Issued Share Capital |
Tone Goh* | Chairman | 43,234,348 | 3.62% |
Jack Bai** | Executive Director | 124,200,000 | 10.41% |
Shayne Tan | Executive Director | 5,000,000 | 0.42% |
Raphael Teo | Executive Director | 207,603,260 | 17.39% |
Malcolm Groat* | Non-executive Director | 1,000,000 | 0.08% |
*Shareholding unchanged
** includes 39,600,000 shares held by Mr Bai's wife
Additionally, following these transactions, Garies Chong's interest in the share capital of the Company is now 183,387,081 Ordinary Shares, representing approximately 15.37 per cent. of the Company's issued share capital.
Enquiries:
The Company | ||
Tone Goh, Executive Chairman | Singapore | +65 6444 2988 |
Financial PR & Investor Relations IFC Advisory Limited | ||
Tim Metcalfe / Graham Herring / Florence Chandler | London | +44 20 3934 6630 |
About GST
GST provides optimal wireless, electronic cabling, security, and other solutions to clients operating in the infrastructure development space. GST builds on the profitable ICT business of its Singaporean subsidiary EMS Wiring Systems, which has been supplying governments and large private organisations with intelligent building solutions for the last 30 years. GST's strategy is to develop solutions to meet the needs of the ICT industry, acting on the surging opportunities in the technology and innovation sectors - data centres, intelligent buildings, smart cities and the Internet of Things - particularly targeting emerging markets where the demand for ICT infrastructure is increasing rapidly.
For more information please see: https://gstechnologies.co.uk/
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Bai Guojin |
2 | Reason for the notification | |
a) | Position/status | 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 | GSTechnologies Limited |
b) | LEI | 213800NWJ4UQG2R3X823 |
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 no par value
VGG3961R1047 |
b) | Nature of the transaction | Purchase of ordinary shares |
c) | Price(s) and volume(s) |
Price(s) Volume(s) 2.0 pence 25,000,000 2.0 pence 20,000,000 |
d) | Aggregated information - Aggregated volume - Price |
45,000,000 £900,000 |
e) | Date of the transaction | 23 March 2021 |
f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Tan Guan Han, Shayne |
2 | Reason for the notification | |
a) | Position/status | 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 | GSTechnologies Limited |
b) | LEI | 213800NWJ4UQG2R3X823 |
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 no par value
VGG3961R1047 |
b) | Nature of the transaction | Purchase of ordinary shares |
c) | Price(s) and volume(s) |
Price(s) Volume(s) 2.0 pence 5,000,000 |
d) | Aggregated information - Aggregated volume - Price |
5,000,000 £100,000 |
e) | Date of the transaction | 23 March 2021 |
f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Teo Chiu, Raphael |
2 | Reason for the notification | |
a) | Position/status | 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 | GSTechnologies Limited |
b) | LEI | 213800NWJ4UQG2R3X823 |
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 no par value
VGG3961R1047 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) |
Price(s) Volume(s) 2.0 pence 25,000,000 |
d) | Aggregated information - Aggregated volume - Price |
25,000,000 £500,000 |
e) | Date of the transaction | 23 March 2021 |
f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Chong Loong Fatt, Garies |
2 | Reason for the notification | |
a) | Position/status | CEO, EMS Wiring Systems Limited / PDMR |
b) | Initial notification/ Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | GSTechnologies Limited |
b) | LEI | 213800NWJ4UQG2R3X823 |
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 no par value
VGG3961R1047 |
b) | Nature of the transaction | Sale of ordinary shares |
c) | Price(s) and volume(s) |
Price(s) Volume(s) 2.0 pence 20,000,000 2.0 pence 5,000,000 |
d) | Aggregated information - Aggregated volume - Price |
25,000,000 £500,000 |
e) | Date of the transaction | 23 March 2021 |
f) | Place of the transaction | Outside a trading venue |