Gear4music (Holdings) PLC Director / PDMR dealings / Additional Listing (2284Q)
04 June 2018 - 11:34PM
UK Regulatory
TIDMG4M
RNS Number : 2284Q
Gear4music (Holdings) PLC
04 June 2018
For immediate release 4 June 2018
Gear4music (Holdings) plc
Director / PDMR dealings / Additional Listing
Gear4music (Holdings) plc ("Gear4music" or the "Company"), the
largest UK based retailer of musical instruments and music
equipment, announces that, following option exercises under the
Company's EMI Schemes on or before 3 June 2018, 78,207 new ordinary
shares of 10p each ('Ordinary Shares') will be issued and
allotted.
Director/PDMR dealings
Gareth Bevan (Chief Commercial Officer) and Chris Scott (Chief
Financial Officer) will, following the exercise of options as part
of the above arrangements, each be issued and allotted 9,978
Ordinary Shares, with their resultant respective interests in the
Company's enlarged issued share capital as below:
Director/PDMR Existing Ordinary Resultant Percentage
number of Shares issued number of interest
Ordinary following Ordinary in the Company's
Shares held option exercise Shares held enlarged
issued share
capital
--------------- ------------- ----------------- ------------- ------------------
Gareth
Bevan 100,382 9,978 110,360 0.5%
--------------- ------------- ----------------- ------------- ------------------
Chris Scott 90,462 9,978 100,440 0.5%
--------------- ------------- ----------------- ------------- ------------------
Under the Company's Director Cash Plan, Andrew Wass (Chief
Executive Officer) has exercised his entitlement to an award of
GBP72,041, to be settled in cash.
Admission to trading
Application will be made for admission to trading of 78,207 new
Ordinary Shares on the AIM Market of London Stock Exchange plc
("Admission"). It is expected that Admission will take place at
8:00 a.m. on or around 8 June 2018 and that dealings in the new
Ordinary Shares on AIM will commence at the same time.
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
Gear4music's enlarged issued ordinary share capital immediately
following Admission will be 20,945,328 Ordinary Shares with voting
rights attached. The Company has no shares in Treasury; therefore
the total number of voting rights in Gear4music is 20,945,328. This
figure may be used by shareholders as the denominator for the
calculations by which they will determine whether they are required
to notify an interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure and
Transparency Rules.
For further information please contact:
Gear4music
Andrew Wass, Chief Executive
Officer
Chris Scott, Chief Financial +44 20 3865
Officer 9668
Panmure Gordon
(Joint Financial Adviser, Joint
Broker, and Nominated Adviser)
Andrew Godber / Peter Steel -
Investment Banking +44 20 7886
Erik Anderson - Corporate Broking 2500
Peel Hunt +44 20 7418 8900
(Joint Financial Adviser and
Joint Broker)
Adrian Trimmings
George Sellar
Alma PR +44 20 3865 9668
(Financial PR) Gear4Music@almapr.co.uk
Josh Royston/Rebecca Sanders-Hewett/Helena
Bogle
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 ("PDMRs") and persons
closely associated ("PCAs") with them.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------
a) Names Chris Scott and Gareth Bevan
--- ----------------------- ------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------
a) Position/status Chris Scott - Chief Financial
Officer and PDMR
Gareth Bevan - Chief Commercial
Officer and PDMR
--- ----------------------- ------------------------------------
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 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 Ordinary Shares of 10 pence each
of the financial ("Ordinary Shares")
instrument,
type of instrument
--- ----------------------- ------------------------------------
b) Identification GB00BW9PJQ87
code
--- ----------------------- ------------------------------------
c) Nature of the
transactions Exercise of options over Ordinary
Shares
--- ----------------------- ------------------------------------
d) Price(s) and Price - exercise price of 10
volume(s) pence per Ordinary Share
Volume(s)
Chris Scott - exercise of options
over 9,978 Ordinary Shares
Gareth Bevan - exercise of options
over 9,978 Ordinary Shares
--- ----------------------- ------------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ----------------------- ------------------------------------
e) Date of the 31 May 2018
transactions
--- ----------------------- ------------------------------------
f) Place of the Outside a trading venue
transaction
--- ----------------------- ------------------------------------
Name of authorised official of issuer responsible for making
notification:
Chris Scott
Company Secretary to Gear4music (Holdings) plc
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 rns@lseg.com or visit www.rns.com.
END
DSHXZLFBVQFXBBX
(END) Dow Jones Newswires
June 04, 2018 09:34 ET (13:34 GMT)
Gear4music (holdings) (LSE:G4M)
Historical Stock Chart
From Apr 2024 to May 2024
Gear4music (holdings) (LSE:G4M)
Historical Stock Chart
From May 2023 to May 2024