Gear4music (Holdings) PLC Director/PDMR Shareholding (8729M)

TIDMG4M

RNS Number : 8729M

Gear4music (Holdings) PLC

18 October 2016

Gear4music (Holdings) plc

Director Share Dealings

On 18 October 2016, the board of Gear4music (Holdings) plc ("Gear4music", the "Company" or the "Group") was informed that the following Directors sold shares today at 300p per share: Andrew Wass, Chief Executive Officer, sold 400,000 shares and Dean Murray, Non-Executive Director, sold 75,000 shares. The beneficial holdings of Mr Wass and Mr Murray now stand at 7,886,593 and 249,520 shares respectively, representing 39.1% and 1.2% respectively of the issued share capital of the Company.

The board was also informed that Key Capital Partners (Nominees) Limited ("KCP") has today sold 2,000,000 shares at 300p per share. KCP is classified as a Person Closely Associated with Peter Armitage, a Non-Executive Director of the Company and KCP director. KCP acts as nominee for certain funds of Key Capital Partners LLP, a partnership of which Mr Armitage is a member. KCP's interest is now in 829,482 shares, representing approximately 4.1% of the Company's issued share capital.

18 October 2016

- Ends -

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.

 
  1   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Names                    Andrew Wass - Chief Executive 
                                Officer 
                                Dean Murray - Non-Executive Director 
                                Key Capital Partners (Nominees) 
                                Limited 
---  -----------------------  -------------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status          See 1(a) above for positions 
                                in respect of Andrew Wass and 
                                Dean Murray - both classified 
                                as PDMRs of the Company 
                                KCP is a classified as a PCA 
                                of Peter Armitage, a Non-Executive 
                                Director of the Company and KCP 
                                director. KCP acts as nominee 
                                for certain funds of Key Capital 
                                Partners LLP, a partnership of 
                                which Mr Armitage is a member. 
---  -----------------------  -------------------------------------- 
 b)   Initial notification     Initial Notification 
       /Amendment 
---  -----------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  --------------------------------------------------------------- 
 a)   Name                     Gear4music (Holdings) plc 
---  -----------------------  -------------------------------------- 
 b)   LEI                       ISIN = GB00BW9PJQ87 
---  -----------------------  -------------------------------------- 
 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              Ordinary Shares of 10p each 
       of the financial 
       instrument, 
       type of instrument 
---  -----------------------  -------------------------------------- 
 b)   Identification           GB00BW9PJQ87 
       code 
---  -----------------------  -------------------------------------- 
 c)   Nature of the            Sale of Ordinary Shares 
       transactions 
---  -----------------------  -------------------------------------- 
 d)   Price(s) and             Volume(s): 
       volume(s)                Andrew Wass - 400,000 shares 
                                Dean Murray - 75,000 shares 
                                KCP - 2,000,000 shares 
                                Price: all transactions completed 
                                at GBP3.00 per share 
---  -----------------------  -------------------------------------- 
 d)   Aggregated information    N/A 
       - Aggregated 
       volume 
       - Price 
---  -----------------------  -------------------------------------- 
 e)   Date of the              18 October 2016 for all transactions 
       transactions 
---  -----------------------  -------------------------------------- 
 f)   Place of the             London Stock Exchange, AIM Market 
       transaction              (XLON) 
---  -----------------------  -------------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Chris Scott

Company Secretary to Gear4music (Holdings) plc

For further information please contact

Gear4music [phone]

Andrew Wass, Chief Executive Officer

Chris Scott, Chief Financial Officer

Panmure Gordon [phone]

(Financial Adviser, Nominated Adviser and Broker)

Andrew Godber / Peter Steel - Investment Banking

Erik Anderson / Tom Salvesen - Corporate Broking

MHP Communications (Financial PR) [phone]

Andrew Leach

Simon Hockridge

Isabelle Grainger

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 18, 2016 11:12 ET (15:12 GMT)