Gear4music (Holdings) PLC PDMR Dealings and Directorate Change (9989M)
20 October 2016 - 5:00PM
UK Regulatory
TIDMG4M
RNS Number : 9989M
Gear4music (Holdings) PLC
20 October 2016
Gear4music (Holdings) plc
PDMR Dealings & Directorate Change
On 19 October 2016, the board of Gear4music (Holdings) plc
("Gear4music" or the "Company") was informed that Key Capital
Partners (Nominees) Limited ("KCP") had sold 829,482 shares. KCP is
classified as a Person Closely Associated with Peter Armitage, a
Non-Executive Director of the Company and KCP director. KCP acts as
nominee for certain funds of Key Capital Partners LLP, a
partnership of which Mr Armitage is a member. KCP no longer has a
notifiable interest in the Company. The above transaction, which
was completed at 360 pence per share, took place on 19 October
2016.
Separately, the Company announces that, following the above
transaction, Mr Armitage will step down from the Board with
immediate effect.
Andrew Wass, Chief Executive Officer, said:
"Key Capital's decision to invest in the business in 2012 has
been integral to our subsequent development and setting us on the
path to growth. With Peter stepping away from the Board, now would
seem the appropriate juncture to recognise the very significant
contribution they have made over a number of years. I would like to
wish both Peter and Key Capital all the very best in their future
endeavours."
- Ends -
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities (PDMR") and persons closely
associated ("PCA") with them.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------------
a) Names Key Capital Partners (Nominees)
Limited
--- ----------------------- -----------------------------------------
2 Reason for the notification
--- ------------------------------------------------------------------
a) Position/status KCP is classified as a PCA of
Peter Armitage, a Non-Executive
Director and PDMR of the Company
and KCP director. KCP acts as
nominee for certain funds of
Key Capital Partners LLP, a partnership
of which Mr Armitage is a member.
--- ----------------------- -----------------------------------------
b) Initial notification Initial Notification
/Amendment
--- ----------------------- -----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ------------------------------------------------------------------
a) Name Gear4music (Holdings) plc
--- ----------------------- -----------------------------------------
b) LEI ISIN = GB00BW9PJQ87
--- ----------------------- -----------------------------------------
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 Ordinary Shares of 10p each
of the financial
instrument,
type of instrument
--- ----------------------- -----------------------------------------
b) Identification GB00BW9PJQ87
code
--- ----------------------- -----------------------------------------
c) Nature of the Sale of Ordinary Shares
transactions
--- ----------------------- -----------------------------------------
d) Price(s) and Volume(s):
volume(s) KCP - 829,482 shares
Price:
GBP3.60 per share
--- ----------------------- -----------------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ----------------------- -----------------------------------------
e) Date of the 19 October 2016
transactions
--- ----------------------- -----------------------------------------
f) Place of the London Stock Exchange, AIM Market
transaction (XLON)
--- ----------------------- -----------------------------------------
Name of authorised official of issuer responsible for making
notification:
Chris Scott
Company Secretary to Gear4music (Holdings) plc
For further information please contact
Gear4music +44 843 155 0800
Andrew Wass, Chief Executive Officer
Chris Scott, Chief Financial Officer
Panmure Gordon
+44 20 7886 2500
(Financial Adviser, Nominated Adviser and Broker)
Andrew Godber / Peter Steel - Investment Banking
Erik Anderson / Tom Salvesen - Corporate Broking
MHP Communications (Financial PR) +44 20 3128 8100
Andrew Leach
Simon Hockridge
Isabelle Grainger
This information is provided by RNS
The company news service from the London Stock Exchange
END
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