GYG PLC Directors' Dealings (6548U)

TIDMGYG

RNS Number : 6548U

GYG PLC

13 July 2018

GYG PLC

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

Directors' Dealings

GYG plc (AIM: GYG), a 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 Rupert Savage, Managing Director, and Richard King, Non-Executive Director. The Company was notified on 13 July 2018.

-- Rupert Savage purchased 35,500 Ordinary Shares at a price of GBP0.70 per share. As a result, Mr Savage holds 2,570,731 Ordinary Shares, representing 5.51 per cent. of the issued ordinary share capital of the Company.

-- Richard King purchased 35,000 Ordinary Shares at a price of GBP0.705 per share. As a result, Mr King holds 130,000 Ordinary Shares, representing 0.28 per cent. of the issued ordinary share capital of the Company.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail:

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                             Rupert Savage 
     -------------------------------  -------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                  Managing 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 of the               Ordinary Shares of GBP0.002 each 
       financial instrument, 
       type of instrument 
 
       Identification code              ISIN GB00BZ4FM652 
     -------------------------------  -------------------------------------- 
 b)   Nature of the transaction        Share purchase 
     -------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP0.70     35,500 
                                                     ---------- 
     -------------------------------  -------------------------------------- 
 d)   Aggregated information           Single transaction 
       - Aggregated volume 
       - Price 
     -------------------------------  -------------------------------------- 
 e)   Date of the transaction          13 July 2018 
     -------------------------------  -------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
     -------------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                             Richard King 
     -------------------------------  -------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                  Non-Executive 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 of the               Ordinary Shares of GBP0.002 each 
       financial instrument, 
       type of instrument 
 
       Identification code              ISIN GB00BZ4FM652 
     -------------------------------  -------------------------------------- 
 b)   Nature of the transaction        Share purchase 
     -------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP0.705    35,000 
                                                     ---------- 
     -------------------------------  -------------------------------------- 
 d)   Aggregated information           Single transaction 
       - Aggregated volume 
       - Price 
     -------------------------------  -------------------------------------- 
 e)   Date of the transaction          13 July 2018 
     -------------------------------  -------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
     -------------------------------  -------------------------------------- 
 

Enquiries:

 
 
 GYG plc                               via FTI Consulting 
  Remy Millott, Chief Executive         Tel: [phone] 
  Officer                               1000 
  Gloria Fernandez, Chief Financial 
  Officer 
 Zeus Capital Limited (NOMAD           Tel: [phone] 
  & Broker)                             5000 
  John Goold (Corporate Broking) 
  Giles Balleny, Dan Bate (Corporate 
  Finance) 
 FTI Consulting (Financial PR)         Tel: [phone] 
  Alex Beagley                          1000 
  Fiona Walker 
  Laura Saraby 
 

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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July 13, 2018 12:02 ET (16:02 GMT)