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Share Name Share Symbol Market Type Share ISIN Share Description
Grand Vision Media Holdings Plc LSE:GVMH London Ordinary Share GB00BDHBGL97 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 5.00 4.00 6.00 5.00 5.00 5.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 1.8 -3.3 -3.4 - 5

Grand Vision Media Directorate Change and PDMR Shareholding

20/01/2020 12:08pm

UK Regulatory (RNS & others)


 
TIDMGVMH 
 
London, 20 January 2020 
 
                        Grand Vision Media Holdings plc 
                          ( "GVMH" or the "Company") 
 
   Appointment of New Director, Resignation of Director and Notification of 
  Transaction of Directors, Persons Discharging Managerial Responsibility or 
                               Connected Persons 
 
The directors of GVMH are pleased to announce that Frederick Oon Kian Chua has 
been appointed as a non-executive director of the Company with effect from 
today. 
 
Mr Chua is a non-executive director of CMON Limited (Cayman), which is listed 
on the Hong Kong Stock Exchange's Main Board. 
 
Mr Chua is also a director of Magic Carpet Pre-IPO Fund ("Magic Carpet") and 
Quantum Asset Management Pte Ltd. Magic Carpet holds shares of GVMH. 
 
The directors of GVMH announce that Edward Kwan-Mang Ng has resigned as a 
director of the Company with effect from today. The Company wishes to thank 
Edward for his services to the Company. 
 
Pursuant to DTR 3.1.2-A and article 19(1) of the Market Abuse Regulation, the 
Directors also announce that Cyber Lion Limited, a company controlled by two of 
GVMH's directors (namely, Edward Kwan-Mang Ng and Ajay Rajpal), sold 7,328,000 
ordinary shares of par value 10p (ISIN: GB00BDHBGL97) in GVMH (the "Shares") 
for a price of 5.5p per share. Following this sale, Cyber Lion Limited has no 
further interest in the shares of GVMH. 
 
The Shares have been acquired by Win Network International Limited ("Win"), a 
company controlled by Stephen Lo, on 20 January 2020 in Hong Kong. Mr Lo is the 
father of one of GVMH's directors (namely, Jonathan Lo). Following this 
acquisition, Win will own 7,328,000 shares in GVMH, representing 7.6% of the 
issued share capital of the Company. Win also owns GBP454K of convertible loan 
notes that were issued by the Company on 19 July 2019. The conversion of Win's 
convertible loan notes into shares in the Company would result in Win's 
acquisition of 3,027,245 shares in the Company and the exercise of Win's 
warrants would result in Win's acquisition of an additional 756,811 shares in 
the Company. Win would own 11,112,056 shares in the Company if all of the loan 
notes are converted and all of the warrants are exercised, representing 10.9% 
of the Company on a fully diluted basis. Stephen Lo also owns 12,439,779 shares 
in the Company. Therefore, Stephen Lo currently has a beneficial interest in 
19,767,779 shares in the Company (representing 20.5% of the issued share 
capital of the Company), and could have a beneficial interest in 23,551,835 
shares in the Company on a fully diluted basis assuming all loan notes and 
warrants are exercised as detailed above (representing 23.1% of the fully 
diluted issued share capital of the Company). 
 
Jonathan Lo, GVMH's Chief Executive Officer said: "We are happy to welcome 
Frederick to the GVMH team. Frederick's range of experience will add 
significantly to our Board as we focus on the delivery of our corporate 
strategy." 
 
The Company hereby confirms that Mr Chua has no further disclosures to make in 
accordance with Rule 9.6.13R(1)-(6) of the Listing Rules of the UK Listing 
Authority. 
 
The Directors accept responsibility for this announcement. 
 
For more information: 
 
Grand Vision Media Holdings plc                   http://gvmh.co.uk/ 
 
Jonathan Lo, Director                             Tel: +44 (0) 20 7866 2145 
                                                  or info@gvmh.co.uk 
 
Alfred Henry Corporate Finance Ltd 
 
Nick Michaels / Jon Isaacs                        Tel: +44 (0) 20 3772 0021 
                                                  or enquiries@alfredhenry.com 
 
                                   - ENDS - 
 
 
 
END 
 

(END) Dow Jones Newswires

January 20, 2020 07:08 ET (12:08 GMT)

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