16 Oct 2019 07:00
16 October 2019
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.
NOTIFICATION OF TRANSACTION BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR")
PDMR Dealing
GYG (AIM: GYG), the market leading superyacht painting, supply and maintenance company, announces the following dealing in the Company's ordinary shares of £0.002 each in the Company ("Ordinary Shares") by Peter Brown, PDMR and Managing Director, USA. The Company was notified on 15 October 2019.
PDMR
| Date ofpurchase | Numberof Shares purchased | Purchaseprice | TotalSharesheld | % ISC held followingpurchase |
Peter Brown | 15 October 2019 | 199,000 | 50.0p | 1,965,975 | 4.22% |
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities | |||||
a) | Name | Peter Brown | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR/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 | Purchase of shares
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 15 October 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
For further information:
GYG plc Remy Millott, Chief Executive Officer Kevin McNair, 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 Sam Macpherson | 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.