GYG PLC Purchase of Own Shares (1389I)

TIDMGYG

RNS Number : 1389I

GYG PLC

09 December 2020

GYG plc

( " GYG " or the " Company " )

Purchase of Own Shares

GYG (AIM: GYG), the market leading superyacht painting, supply and maintenance company, announces that on 8 December 2020, the Company purchased 10,000 of its own ordinary shares of 0.2p each ("Ordinary Shares") at a price of 67 pence per share, to be held as treasury shares.

The Company now holds 24,500 Ordinary Shares in treasury and it is anticipated that these shares will principally be used to satisfy awards under the Company's employee share incentive scheme.

In accordance with the Disclosure and Transparency Rules, the Company hereby notifies the market that immediately following this purchase for treasury its issued share capital will remain the same and consist of 46,640,000 Ordinary Shares of which 24,500 are held in Treasury. Therefore, the total number of voting rights in the Company is 46,615,500. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information:

 
 GYG plc                             via FTI Consulting 
  Remy Millott, Chief Executive       Tel: [phone] 
  Officer 
  Kevin McNair, Chief Financial 
  Officer 
 N+1 Singer (NOMAD & Broker)         Tel: [phone] 
  Peter Steel (Corporate Finance) 
  Tom Salvesen (Corporate Broking) 
 FTI Consulting (Financial PR)       Tel: [phone] 
  Alex Beagley 
  Fiona Walker 
  Rafaella de Freitas 
 

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, Pinmar Yacht Supply and Technocraft. 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.

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END

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December 09, 2020 13:11 ET (18:11 GMT)