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Gear4music (G4M)

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Monday 02 August, 2021

Gear4music

Issue of shares under LTIP, PDMR dealings & TVR

RNS Number : 2826H
Gear4music (Holdings) PLC
02 August 2021
 

 

2 August 2021

 

Gear4music (Holdings) plc

Issue of shares under Long Term Incentive Plan

Director/PDMR dealings

Total Voting Rights

 

Gear4music (Holdings) plc, ("Gear4music" or "the Group") (LSE: G4M), the largest UK based online retailer of musical instruments and music equipment, today announces that the performance conditions relating to the

Director/PDMR dealings

 

Gareth Bevan (Chief Commercial Officer) and Chris Scott (Chief Financial Officer) will be issued and allotted 6,825 and 5,850 Ordinary Shares respectively, with their resultant respective interests in the Company's enlarged issued share capital as below:

Director/PDMR

Existing number of Ordinary Shares held

Ordinary Shares issued pursuant to LTIP

Resultant number of Ordinary Shares held

Percentage interest in the Company's enlarged issued share capital

Gareth Bevan

84,760

6,825

91,585

0.44%

Chris Scott

74,840

5,850

80,690

0.38%

 

Andrew Wass' (Chief Executive Officer) entitlement to an award of £55,575 has been exercised and will be settled in cash.

Admission to trading

 

Application has been made to the London Stock Exchange for the 21,450 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 8.00 a.m. on 3 August 2021.

The new Ordinary Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares in the capital of the Company, including the right to receive all dividends or other distributions made, paid or declared in respect of such shares after the date of issue of the new Ordinary Shares.

Total voting rights

 

Following Admission, the total number of Ordinary Shares in issue will be 20,976,938. This figure may be used by shareholders 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, provide further detail.

ENDS

Enquiries:

 

Gear4music

Andrew Wass, Chief Executive Officer

Chris Scott, Chief Financial Officer

+44 (0)20 3405 0205



Singer Capital Markets - Nominated Adviser and Joint Broker

Peter Steel/Amanda Gray, Corporate Finance

Tom Salvesen, Corporate Broking

+44 (0)20 7496 3000

 



Investec Bank plc - Joint Broker

David Flin

Alex Wright

Harry Hargreaves

+44 (0)20 7597 5970

 



Alma PR - Financial PR

Harriet Jackson

Josh Royston

Faye Calow

+44 (0)20 3405 0205

[email protected]

 

 

About Gear4music (Holdings) plc

Operating from a Head Office in York, and Distribution Centres and showrooms in York, Sweden and Germany, the Group sells own-brand musical instruments and music equipment alongside premium third-party brands including Fender, Yamaha and Roland, to customers ranging from beginners to musical enthusiasts and professionals, in the UK, Europe and, more recently, into the Rest of the World.

 

Having developed its own e-commerce platform, with multilingual, multicurrency websites delivering to over 190 countries, the Group continues to build its overseas presence.

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gareth Bevan

2

Reason for the notification

a)

Position/status

Chief Commercial Officer

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Gear4music (Holdings) plc

b)

LEI

2138005H4W74HDGSFC49  

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 10 pence each ("Ordinary Shares")

 

GB00BW9PJQ87

b)

Nature of the transaction

Exercise of options over Ordinary Shares pursuant to the Company's   Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

Price

Volume

£nil

6,825

d)

Aggregated information

- Aggregated volume

- Price

 

 

N/A - single transaction

 

e)

Date of the transaction

2 August 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Scott

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Gear4music (Holdings) plc

b)

LEI

2138005H4W74HDGSFC49  

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 10 pence each ("Ordinary Shares")

 

GB00BW9PJQ87

b)

Nature of the transaction

Exercise of options over Ordinary Shares pursuant to the Company's   Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

Price

Volume

£nil

5,850

d)

Aggregated information

- Aggregated volume

- Price

 

 

N/A - single transaction

 

e)

Date of the transaction

2 August 2021

f)

Place of the transaction

Outside a trading venue

 

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