12 Nov 2018 07:00
12 November 2018
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
GYG PLC
NOTIFICATION OF TRANSACTIONS BY DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
PDMR Dealing
GYG plc (AIM: GYG), a market leading superyacht painting, supply and maintenance company, announces that it was notified on 9 November 2018 that Rupert Savage, Group Managing Director, purchased 146,250 ordinary shares of £0.002 each in the Company ("Ordinary Shares") at a price of 34p per share.
As a result, Mr Savage holds 2,716,981 Ordinary shares, representing 5.83 per cent. of the issued ordinary share capital of the Company.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail:
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Rupert Savage | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | GYG plc | ||||
b) | LEI | 254900QDNKYRS233MM94 | ||||
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 £0.002 each
ISIN GB00BZ4FM652 | ||||
b) | Nature of the transaction | Share purchase | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
146,250 34p | ||||
e) | Date of the transaction | 9 November 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
Enquiries:
GYG plc Remy Millott, Chief Executive Officer Gloria Fernandez, Chief Financial Officer
| via FTI Consulting Tel: +44 (0) 20 3727 1000 |
Zeus Capital Limited (NOMAD & Broker) John Goold (Corporate Broking) Dan Bate (Corporate Finance)
| Tel: +44 (0) 20 3829 5000 |
FTI Consulting (Financial PR) Alex Beagley Fiona Walker Laura Saraby | Tel: +44 (0) 20 3727 1000
|
Notes to Editors:
GYG is the market leading superyacht painting, supply and maintenance company, offering services globally through operations in the Mediterranean, Northern Europe and the United States. The Company's brands include Pinmar, Rolling Stock, Pinmar Supply, Pinmar USA, Techno Craft and ACA Marine. GYG's operations can be divided into three key sales channels:
· Refit: repainting and finishing of superyachts, normally as part of a refit programme. Revenues also include scaffolding and containment work;
· New Build: fairing and painting of new vessels as part of the build process; and
· Supply: selling and delivery of maintenance materials, consumables, spare parts and equipment primarily to trade customers.