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GYG PLC (GYG)

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Tuesday 03 May, 2022

GYG PLC

Director/PDMR Share Dealing

RNS Number : 9783J
GYG PLC
03 May 2022
 

For immediate release

03 May 2022

GYG PLC

('GYG' or the 'Company')

 

Director/PDMR Share Dealing

 

GYG PLC (AIM: GYG), the market leading global superyacht service and supply group, today  announces  the Company has been notified that on 30 April 2022, Richard King, Non-Executive Director of GYG, purchased 30,000 Ordinary Shares ('Ordinary Shares') at 44.67 pence average.

 

Following the above purchase, Richard King now holds 160,000 Ordinary Shares representing 0.34% of the issued share capital of the Company.

 

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

Richard King

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification/ Amendment

Initial notification

3

Class/Type of shares ISIN code(if possible)

 

a)

Name

GYG PLC

b)


GB00BZ4FM652

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

 

 

 

ISIN GB00BZ4FM652

b)

Nature of the transaction

Purchase of Ordinary Shares

 

c)

Price(s) and volume(s)

Price(s)

 

38p

46p

Volume(s)

 

 5,000

25,000

 

 

d)

Aggregated information

-

 Aggregated volume

-

Price

 

30,000

£ 13,400

e)

Date of the transaction

30 April 2022

f)

Place of the transaction

London Stock Exchange

 

 

Contact:

 

GYG plc

Remy Millott, Chief Executive Officer

Kevin McNair, Chief Financial Officer

 

 

 

via FTI Consulting

Tel: +44 (0) 20 3727 1000

Singer Capital Markets

Tom Salvesen

Peter Steel, Amanda Gray

 

Tel: +44 (0) 20 7496 3000

FTI Consulting

Alex Beagley

Fiona Walker

Rafaella de Freitas

Tel: +44 (0) 20 3727 1000

[email protected]

 

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, containment and the removal and repair of fittings

· New Build: fairing and painting of new vessels as part of the build process

· Supply: the sale and delivery of maintenance materials, consumables, spare parts and equipment primarily to superyachts and trade customers

 

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