5 Apr 2019 07:00
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")
Grant of options under the GYG plc Performance Share Plan
GYG plc (AIM: GYG), a market leading superyacht painting, supply and maintenance company, announces that, in line with the proposal set out in the results for the year ended 31 December 2018, options were granted on 4 April 2019 to the following PDMRs under the GYG plc Performance Share Plan 2017 at an exercise price of £0.002 per share.
Name | Title | Number of options granted |
Remy Millott | Chief Executive Officer | 143,870 |
Rupert Savage | Group Commercial Director | 97,112 |
Gloria Fernandez | Chief Financial Officer | 64,741 |
Peter Brown | Managing Director, USA | 43,161 |
Raúl Galán | Chief Operating Officer | 35,967 |
Andrew Clemence | Marketing Director | 28,774 |
These options will vest in 2022 to the extent stretching EPS targets are met in FY21.
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 | Remy MILLOTT | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Executive Officer | ||||||
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
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a) | Description of the financial instrument, type of instrument
Identification code | Ordinary Shares of £0.002 each
ISIN GB00BZ4FM652 | ||||||
b) | Nature of the transaction | Grant of options under the GYG plc Performance Share Plan | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 4 April 2019 | ||||||
f) | Place of the transaction | Outside of trading venue | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Rupert SAVAGE | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Group Commercial 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 | Grant of options under the GYG plc Performance Share Plan | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
- Aggregated volume - Price
|
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e) | Date of the transaction | 4 April 2019 | ||||||
f) | Place of the transaction | Outside of trading venue | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Gloria FERNANDEZ | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Financial Officer | ||||||
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 | Grant of options under the GYG plc Performance Share Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information
- Aggregated volume - Price
|
| ||||||
e) | Date of the transaction | 4 April 2019 | ||||||
f) | Place of the transaction | Outside of trading venue | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Peter BROWN | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Managing Director, USA | ||||||
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 | Grant of options under the GYG plc Performance Share Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information
- Aggregated volume - Price
|
| ||||||
e) | Date of the transaction | 4 April 2019 | ||||||
f) | Place of the transaction | Outside of trading venue | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Raúl GALÁN | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | 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 | 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 | Grant of options under the GYG plc Performance Share Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information
- Aggregated volume - Price
|
| ||||||
e) | Date of the transaction | 4 April 2019 | ||||||
f) | Place of the transaction | Outside of trading venue | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Andrew CLEMENCE | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Marketing 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 | Grant of options under the GYG plc Performance Share Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information
- Aggregated volume - Price
|
| ||||||
e) | Date of the transaction | 4 April 2019 | ||||||
f) | Place of the transaction | Outside of trading venue | ||||||
For further information:
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, Dominic King Dan Bate, Nick Cowles, Jordan Warburton
| 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.