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Sale of Ordinary Shares and Director Dealings

2 Oct 2017 07:00

RNS Number : 3394S

Gateley (Holdings) PLC

02 October 2017

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain.

For immediate release

2 October 2017

Gateley (Holdings) Plc

('Gateley' or the 'Company')

Sale of Ordinary Shares, Increased Free Float and Director Dealings

Gateley (Holdings) Plc (AIM:GTLY), the national commercial law and complementary professional services group is pleased to announce a further sale by internal shareholders (being former partners of Gateley LLP) of an aggregate 6,641,333 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a price of £1.50 per share. The Ordinary Shares have been sold to both new and existing institutional shareholders and also to Gateley employees. Shares were successfully placed by the Company's joint brokers, Cantor Fitzgerald Europe and Arden Partners.

Highlights

· 6,641,333 aggregate Ordinary Shares sold by former partners of Gateley LLP ("Sale Shares"), representing 6.21 per cent. of current issued share capital

· Transaction price of £1.50 per Sale Share ("Sale Price")

· Strong demand from new institutional shareholders

· Strong internal demand from new and existing employees

· Free float increased from 34.0 per cent. to 40.3 per cent.

Details of the Sale

On the Company's admission to AIM ("Admission"), the former partners of Gateley LLP held 70.0 per cent. of the enlarged share capital at that time. These former partners voluntarily entered into five year lock-in agreements with the Company which permitted them to dispose up to 10 per cent. of their interest in Ordinary Shares in any 12 month period after the first anniversary of Admission.

The 6,641,333 Ordinary Shares represent approximately 6.21 per cent. of the current total issued share capital of the Company with institutional investors purchasing 6,333,334 Ordinary Shares and 307,999 being purchased by Gateley employees.

Director and PDMR Dealings

Michael Ward (Chief Executive) and Peter Davies (Chief Operating Officer) together with their connected persons sold 328,900 Ordinary Shares each, whilst Neil Smith (Finance Director) together with his connected persons purchased 20,000 Ordinary Shares. In addition, Suki Thompson (Non-Executive Director) purchased 10,000 Ordinary Shares. Their resultant interests in the Company are:

	Number of Ordinary Shares	% of total issued share capital
Michael Ward	2,631,204	2.46%
Peter Davies	2,660,104	2.49%
Neil Smith	520,000	0.49%
Suki Thompson	10,000	0.01%

Further details of these Director Dealings are provided below.

The Company announces that it has received the following notification of dealings in Ordinary Shares from Brendan McGeever, Paul Hayward, Roderick Waldie, Callum Nuttall, Victoria Walker, Nick Smith, Katie Chester, Thomas Durrant, Christopher Thompson, Vikki Whittemore, being PDMRs of Gateley. The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Michael Ward
2	Reason for notification
a.	Position/Status	Executive Director - CEO
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Sale of Ordinary Shares.
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	328,900

d.	Aggregated information - Aggregated Volume - Price	328,900 £493,350
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Peter Davies
2	Reason for notification
a.	Position/Status	Executive Director - Chief Operating Officer
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Sale of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	328,900

d.	Aggregated information - Aggregated Volume - Price	328,900 £493,350
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Neil Smith
2	Reason for notification
a.	Position/Status	Executive Director - Finance Director
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Purchase of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	20,000

d.	Aggregated information - Aggregated Volume - Price	20,000 £30,000
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Suki Thompson
2	Reason for notification
a.	Position/Status	Non-Executive Director of Gateley (Holdings) Plc
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Purchase of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	10,000

d.	Aggregated information - Aggregated Volume - Price	10,000 £15,000
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Brendan McGeever
2	Reason for notification
a.	Position/Status	Executive Director of Gateley Plc
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Sale of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	328,900

d.	Aggregated information - Aggregated Volume - Price	328,900 £493,350
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Paul Hayward
2	Reason for notification
a.	Position/Status	Executive Director of Gateley Plc
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Sale of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	328,900

d.	Aggregated information - Aggregated Volume - Price	328,900 £493,350
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Roderick Waldie
2	Reason for notification
a.	Position/Status	Executive Director of Gateley Plc
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Sale of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	197,340

d.	Aggregated information - Aggregated Volume - Price	197,340 £296,010
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Callum Nuttall
2	Reason for notification
a.	Position/Status	Executive Director of Gateley Plc
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Sale of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	289,907

d.	Aggregated information - Aggregated Volume - Price	289,907 £434,860
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Victoria Walker
2	Reason for notification
a.	Position/Status	Executive Director of Gateley Plc
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Sale of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	63,294

d.	Aggregated information - Aggregated Volume - Price	63,294 £94,491
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Nick Smith
2	Reason for notification
a.	Position/Status	Acquisitions Director
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Sale of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	140,640

d.	Aggregated information - Aggregated Volume - Price	140,640 £210,960
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Katie Chester
2	Reason for notification
a.	Position/Status	Member of the Operations Board
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Sale of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	29,000

d.	Aggregated information - Aggregated Volume - Price	29,000 £43,500
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Thomas Durrant
2	Reason for notification
a.	Position/Status	Member of the Operations Board
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Sale of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	63,314

d.	Aggregated information - Aggregated Volume - Price	63,314 £94,971
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Christopher Thompson
2	Reason for notification
a.	Position/Status	Member of the Operations Board
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Sale of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	16,686

d.	Aggregated information - Aggregated Volume - Price	16,686 £25,029
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Vikki Whittemore
2	Reason for notification
a.	Position/Status	Member of the Operations Board
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Gateley (Holdings) PLC
b.	LEI	N/A
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 instrumentIdentification Code	Ordinary Shares of 10 pence each ISIN: GB00BXB07J71
b.	Nature of the transaction	Purchase of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.50	666

d.	Aggregated information - Aggregated Volume - Price	666 £1,000
e.	Date of the transaction	29 September 2017
f.	Place of the transaction	London Stock Exchange

Ends -

Enquiries:
Gateley (Holdings) Plc Neil Smith, Finance Director	Tel: +44 (0) 121 234 0196
Nick Smith, Acquisitions Director and Head of Investor Relations	Tel: +44 (0) 20 7653 1665
Cara Zachariou, Head of Communications	Tel: +44 (0) 121 234 0074 or +44 (0) 7703 684 946

Cantor Fitzgerald Europe - Nominated Adviser and Broker	Tel: +44 (0) 20 7894 7000
David Foreman, Marc Milmo, Callum Butterfield (Corporate Finance)
Mark Westcott, Caspar Shand Kydd, Alex Pollen (Sales)

Arden Partners - Broker	Tel: +44 (0) 20 7614 5900
John Llewellyn-Lloyd, Benjamin Cryer (Corporate Finance)
James Reed-Daunter (Corporate Broking)

IFC Advisory - Financial PR Adviser	Tel: +44 (0) 20 3053 8671
Tim Metcalfe, Graham Herring, Miles Nolan

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHFSLESFFWSEIS

Date		Source	Headline
5th Nov 2019	7:00 am	RNS	PDMR Shareholding
22nd Oct 2019	9:16 am	RNS	PDMR Option Issue
22nd Oct 2019	7:00 am	RNS	Allocation & sale of SARS shares & PDMR dealings
17th Oct 2019	7:00 am	RNS	New five-year orderly market agreement
8th Oct 2019	7:00 am	RNS	New Shares Issuable under the SAR Scheme
7th Oct 2019	7:00 am	RNS	Director/PDMR Shareholding
1st Oct 2019	8:00 am	RNS	Issue of equity, SAYE Scheme
19th Sep 2019	3:03 pm	RNS	Result of AGM
19th Sep 2019	7:00 am	RNS	AGM Statement
13th Sep 2019	7:00 am	RNS	Payment of earn out consideration
23rd Aug 2019	8:00 am	RNS	Notice of AGM and Posting of Annual Report
30th Jul 2019	3:50 pm	EQS	Hardman & Co Research: Gateley (Holdings) Plc (GTLY): Excellent full-year results
30th Jul 2019	7:00 am	RNS	Acquisition of Persona Associates Limited
17th Jul 2019	7:52 am	RNS	Director/PDMR Shareholding
16th Jul 2019	7:00 am	RNS	Preliminary Results 2019
10th Jul 2019	7:00 am	RNS	CEO Succession Plan
11th Jun 2019	3:37 pm	RNS	Sale of EBT Shares
23rd May 2019	7:00 am	RNS	Trading Update and Notice of Results
8th Mar 2019	12:34 pm	RNS	Holding(s) in Company
28th Feb 2019	3:25 pm	RNS	Holding(s) in Company
27th Feb 2019	4:07 pm	RNS	Holding(s) in Company
26th Feb 2019	4:01 pm	RNS	Director/PDMR Shareholding
25th Feb 2019	12:08 pm	RNS	Result of Secondary Placing
25th Feb 2019	7:00 am	RNS	Update on Accelerated Bookbuild
22nd Feb 2019	5:14 pm	RNS	Close of Accelerated Bookbuild
22nd Feb 2019	4:40 pm	RNS	Second Price Monitoring Extn
22nd Feb 2019	4:35 pm	RNS	Price Monitoring Extension
22nd Feb 2019	12:44 pm	RNS	Proposed Placing to sell up to 4,000,000 shares
4th Feb 2019	2:50 pm	RNS	Director/PDMR Shareholding
8th Jan 2019	7:00 am	RNS	Change of Advisers
8th Jan 2019	7:00 am	RNS	Half Year Results
10th Dec 2018	7:00 am	RNS	Holding(s) in Company
7th Dec 2018	4:40 pm	EQS	Hardman & Co Research: Gateley (Holdings) Plc (GTLY): Strong trading and industry opportunity
23rd Nov 2018	7:00 am	RNS	Trading Update
29th Oct 2018	11:15 am	RNS	Director/PDMR Shareholding
12th Oct 2018	7:01 am	RNS	Sale of Shares from SAR Scheme & PDMR dealing
12th Oct 2018	7:00 am	RNS	Director/PDMR Shareholding
26th Sep 2018	2:23 pm	RNS	Result of AGM
26th Sep 2018	11:50 am	RNS	AGM Statement
4th Sep 2018	1:30 pm	RNS	Director/PDMR Shareholding
23rd Aug 2018	7:00 am	RNS	Notice of AGM and Posting of Annual Report
2nd Aug 2018	1:13 pm	RNS	Allocation and sale of shares from SAR Scheme
1st Aug 2018	8:41 am	RNS	Total Voting Rights
26th Jul 2018	5:05 pm	RNS	Director/PDMR Shareholding
17th Jul 2018	2:30 pm	RNS	New Shares Issuable under the SAR Scheme
17th Jul 2018	7:00 am	RNS	Preliminary Results for the year to 30 April 2018
9th Jul 2018	7:00 am	RNS	Acquisition of Kiddy & Partners
19th Jun 2018	7:00 am	RNS	Payment of Gateley Hamer Earn Out Consideration
31st May 2018	4:45 pm	EQS	Hardman & Co Research: Gateley (Holdings) Plc (GTLY): Fiscal 2018 Trading Update and Acquisition
23rd May 2018	7:00 am	RNS	Completion of Acquisition of GCL Solicitors LLP

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