Director/PDMR Dealings

RNS Number : 3174T
GSTechnologies Ltd
24 March 2021
 

24 March 2021

 

GSTechnologies Limited

 

("GST" or the "Company")

 

Director/PDMR Dealings

GSTechnologies Limited (LSE: GST), the integrated information and communication technology infrastructure solutions provider, announces that on 23 March 2021 Bai Guojin ("Jack Bai") and Tan Guan Han, Shayne ("Shayne Tan"), who are both Executive Directors of the Company purchased ordinary shares of no par value in the Company ("Ordinary Shares") from Teo Chiu, Raphael ("Raphael Teo") an Executive Director of the Company, and Chong Loong Fatt, Garies ("Garies Chong"), a PDMR of the Company, as detailed below.

Jack Bai has acquired 45,000,000 Ordinary shares at a price of 2.0 pence per Ordinary Share, comprising 25,000,000 Ordinary Shares purchased from Raphael Teo and 20,000,000 from Garies Chong.

Shayne Tan has acquired 5,000,000 Ordinary Shares at a price of 2.0 pence per Ordinary Share from Garies Chong.

Following these transactions, further detailed in the disclosure tables below, the director's resultant shareholdings are as follows:

Director

Position

Ordinary Shares Held

% of Company's Issued Share Capital

Tone Goh*

Chairman

43,234,348

3.62%

Jack Bai**

Executive Director

124,200,000

10.41%

Shayne Tan

Executive Director

5,000,000

0.42%

Raphael Teo

Executive Director

207,603,260

17.39%

Malcolm Groat*

Non-executive Director

1,000,000

0.08%

 

*Shareholding unchanged

** includes 39,600,000 shares held by Mr Bai's wife

Additionally, following these transactions, Garies Chong's interest in the share capital of the Company is now 183,387,081 Ordinary Shares, representing approximately 15.37 per cent. of the Company's issued share capital.

 

Enquiries:

The Company



Tone Goh, Executive Chairman

Singapore

+65 6444 2988

Financial PR & Investor Relations

IFC Advisory Limited



Tim Metcalfe / Graham Herring / Florence Chandler

London

+44 20 3934 6630

About GST

GST provides optimal wireless, electronic cabling, security, and other solutions to clients operating in the infrastructure development space. GST builds on the profitable ICT business of its Singaporean subsidiary EMS Wiring Systems, which has been supplying governments and large private organisations with intelligent building solutions for the last 30 years. GST's strategy is to develop solutions to meet the needs of the ICT industry, acting on the surging opportunities in the technology and innovation sectors - data centres, intelligent buildings, smart cities and the Internet of Things - particularly targeting emerging markets where the demand for ICT infrastructure is increasing rapidly.

For more information please see: https://gstechnologies.co.uk/

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Bai Guojin

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

GSTechnologies Limited

b)

LEI

213800NWJ4UQG2R3X823

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 financial instrument, type of instrument

Identification code

Ordinary shares of no par value

 

VGG3961R1047

b)

Nature of the transaction

Purchase of ordinary shares

c)

Price(s) and volume(s)

 

Price(s) Volume(s)

2.0 pence  25,000,000

2.0 pence  20,000,000

d)

Aggregated information

- Aggregated volume

- Price

 

45,000,000

£900,000

e)

Date of the transaction

23 March 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Tan Guan Han, Shayne

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

GSTechnologies Limited

b)

LEI

213800NWJ4UQG2R3X823

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 financial instrument, type of instrument

Identification code

Ordinary shares of no par value

 

VGG3961R1047

b)

Nature of the transaction

Purchase of ordinary shares

c)

Price(s) and volume(s)

 

Price(s) Volume(s)

2.0 pence  5,000,000

d)

Aggregated information

- Aggregated volume

- Price

 

5,000,000

£100,000

e)

Date of the transaction

23 March 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Teo Chiu, Raphael

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

GSTechnologies Limited

b)

LEI

213800NWJ4UQG2R3X823

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 financial instrument, type of instrument

Identification code

Ordinary shares of no par value

 

VGG3961R1047

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

 

Price(s) Volume(s)

2.0 pence  25,000,000

d)

Aggregated information

- Aggregated volume

- Price

 

25,000,000

£500,000

e)

Date of the transaction

23 March 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chong Loong Fatt, Garies

2

Reason for the notification

a)

Position/status

CEO, EMS Wiring Systems Limited / PDMR

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

GSTechnologies Limited

b)

LEI

213800NWJ4UQG2R3X823

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 financial instrument, type of instrument

Identification code

Ordinary shares of no par value

 

VGG3961R1047

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

 

Price(s) Volume(s)

2.0 pence  20,000,000

2.0 pence  5,000,000

d)

Aggregated information

- Aggregated volume

- Price

 

25,000,000

£500,000

e)

Date of the transaction

23 March 2021

f)

Place of the transaction

Outside a trading venue

 

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