GYG PLC Director/PDMR's Dealing (1530Q)

TIDMGYG

RNS Number : 1530Q

GYG PLC

17 October 2019

17 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 TRANSACTIONS BY DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")

Director/PDMR's Dealing

GYG (AIM: GYG), the market leading superyacht painting, supply and maintenance company, announces the following dealings in the Company's ordinary shares of GBP0.002 each in the Company ("Ordinary Shares") by Kevin McNair, Director and Chief Financial Officer and Andrew Clemence, PDMR and Marketing Director. The Company was notified on 16 October 2019.

 
Director/PDMR     Date of           Number      Purchase  Total    % ISC held following 
                   purchase          of Shares   price     Shares   purchase 
                                     purchased             held 
Kevin McNair      16 October 2019   40,000      50.0p     40,000   0.09% 
Andrew Clemence   16 October 2019   20,000      50.0p     138,883  0.3% 
 

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Kevin McNair 
     -------------------------  ------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status            Director/Chief Financial Officer 
     -------------------------  ------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  ------------------------------------- 
 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                Ordinary Shares of GBP0.002 each 
       of the financial           ISIN GB00BZ4FM652 
       instrument, 
       type of instrument 
       Identification 
       code 
     -------------------------  ------------------------------------- 
 b)   Nature of the              Purchase of shares 
       transaction 
     -------------------------  ------------------------------------- 
 c)   Price(s) and                 Price   No. of shares 
       volume(s)                    50.0p   40,000 
                                           -------------- 
     -------------------------  ------------------------------------- 
 d)   Aggregated                 N/A 
       information 
       - Aggregated 
       volume 
       - Price 
     -------------------------  ------------------------------------- 
 e)   Date of the                16 October 2019 
       transaction 
     -------------------------  ------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  ------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
 a)   Name                   Andrew Clemence 
     ---------------------  --------------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------------- 
 a)   Position/status        Person Discharging Managerial Responsibilities/Marketing 
                              Director 
     ---------------------  --------------------------------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  --------------------------------------------------------- 
 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            Ordinary Shares of GBP0.002 each 
       of the financial       ISIN GB00BZ4FM652 
       instrument, 
       type of instrument 
       Identification 
       code 
     ---------------------  --------------------------------------------------------- 
 b)   Nature of the          Purchase of shares 
       transaction 
     ---------------------  --------------------------------------------------------- 
 c)   Price(s) and             Price   No. of shares 
       volume(s)                50.0p   20,000 
                                       -------------- 
     ---------------------  --------------------------------------------------------- 
 d)   Aggregated             N/A 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  --------------------------------------------------------- 
 e)   Date of the            16 October 2019 
       transaction 
     ---------------------  --------------------------------------------------------- 
 f)   Place of the           London Stock Exchange, AIM 
       transaction 
     ---------------------  --------------------------------------------------------- 
 

For further information:

 
 GYG plc                                    via FTI Consulting 
  Remy Millott, Chief Executive Officer      Tel: [phone] 
  Kevin McNair, Chief Financial Officer 
 Zeus Capital Limited (NOMAD & Broker)      Tel: [phone] 
  John Goold, Dominic King 
  Dan Bate, Nick Cowles, Jordan Warburton 
 FTI Consulting (Financial PR)              Tel: [phone] 
  Alex Beagley 
  Fiona Walker 
  Sam Macpherson 
 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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October 17, 2019 02:00 ET (06:00 GMT)