GYG PLC PDMR Dealing (6720H)

TIDMGYG

RNS Number : 6720H

GYG PLC

16 November 2018

16 November 2018

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.

GYG PLC

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

PDMR Dealing

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                             Peter Brown 
      -------------------------------  --------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------ 
 a)    Position/status                  Chief Operating 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 of                   Ordinary Shares of GBP0.002 each 
        the financial 
        instrument, type 
        of instrument                    ISIN GB00BZ4FM652 
 
        Identification 
        code 
      -------------------------------  --------------------------------------- 
 b)    Nature of the                    Share purchase 
        transaction 
      -------------------------------  --------------------------------------- 
 c)    Price(s) and volume(s)             Price(s)   Volume(s) 
                                           47p        43,400 
                                                     ---------- 
      -------------------------------  --------------------------------------- 
 d)    Aggregated information 
    - Aggregated 
    volume                               43,400 
   - Price                                47p 
 ------------------------------------  --------------------------------------- 
 e)    Date of the transaction          16 November 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) 
  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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November 16, 2018 11:01 ET (16:01 GMT)