TIDMGBGI

RNS Number : 1569M

GBGI Limited

26 April 2018

26 April 2018

GBGI limited

("GBGI" or "the Company" and, together with its subsidiary undertakings, the "Group")

Director/PDMR Shareholding

GBGI Limited (AIM: GBGI), a leading integrated provider of international benefits insurance, announces that it was notified that David Gibson, Non-Executive Director of the Company, through Molokai Partners LLC, purchased 1,200,000 Ordinary Shares of $1.00 each ("Ordinary Shares") in the Company at 80p per share, representing 1.38% of the Company's issued share capital.

David Gibson, Non-Executive Director of the Company is also the founder, owner and managing member of Molokai Partners LLC which acts as investment adviser to the Finbar's controlling trust. Finbar GBG Holdings Limited ("Finbar") is a substantial shareholder of the Company, holding 11,281,700 Ordinary Shares representing 12.97% of the Company's issued share capital.

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

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                           David Gibson, via Molokai Partners LLC 
      -----------------------------  -------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position/status                Non-Executive Director 
      -----------------------------  -------------------------------------------- 
 b)    Initial notification           Initial Notification 
        /Amendment 
      -----------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                           GBGI Limited 
      -----------------------------  -------------------------------------------- 
 b)    LEI                            2138007LDFAGQK1N7948 
      -----------------------------  -------------------------------------------- 
 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             Ordinary Shares of $1.00 each 
        financial instrument, 
        type of instrument 
                                       GG00BYQFSK24 
        Identification code 
      -----------------------------  -------------------------------------------- 
 b)    Nature of the transaction      Acquisition of Shares 
      -----------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)          Price(s)                Volume(s) 
      -----------------------------  ----------------------  -------------------- 
                                           1. 80 pence               1. 100,000 
                                            2. 80 pence               2. 250,000 
      -----------------------------  ----------------------  -------------------- 
 d)    Aggregated information 
                                         *    350,000 shares 
        - Aggregated volume 
 
        - Price 
                                         *    80 pence 
      -----------------------------  -------------------------------------------- 
 e)    Date of the transaction        23 April 2018 
      -----------------------------  -------------------------------------------- 
 f)    Place of the transaction       London Stock Exchange, AIM 
      -----------------------------  -------------------------------------------- 
 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             Ordinary Shares of $1.00 each 
        financial instrument, 
        type of instrument 
                                       GG00BYQFSK24 
        Identification code 
      -----------------------------  -------------------------------------------- 
 b)    Nature of the transaction      Acquisition of Shares 
      -----------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)          Price(s)                Volume(s) 
      -----------------------------  ----------------------  -------------------- 
              80 pence                                                650,000 
  ---------------------------------------------------------  -------------------- 
 d)    Aggregated information         n/a single transaction 
 
        - Aggregated volume 
 
        - Price 
      -----------------------------  -------------------------------------------- 
 e)    Date of the transaction        24 April 2018 
      -----------------------------  -------------------------------------------- 
 f)    Place of the transaction       London Stock Exchange, AIM 
      -----------------------------  -------------------------------------------- 
 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             Ordinary Shares of $1.00 each 
        financial instrument, 
        type of instrument 
                                       GG00BYQFSK24 
        Identification code 
      -----------------------------  -------------------------------------------- 
 b)    Nature of the transaction      Acquisition of Shares 
      -----------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)         Price(s)                 Volume(s) 
      -----------------------------  ----------------------  -------------------- 
   80 pence                                                     200,000 
  ---------------------------------------------------------  -------------------- 
 d)    Aggregated information         n/a single transaction 
 
        - Aggregated volume 
 
        - Price 
      -----------------------------  -------------------------------------------- 
 e)    Date of the transaction        25 April 2018 
      -----------------------------  -------------------------------------------- 
 f)    Place of the transaction       London Stock Exchange, AIM 
      -----------------------------  -------------------------------------------- 
 

- Ends -

For further information please contact:

 
 GBGI Limited 
 Bob Dubrish (CEO)        +1 949 421 3180 
 Eric Dickelman (CFO)     +1 949 421 3390 
 
 
 
 Canaccord Genuity Limited (Nominated 
  Adviser and Broker) 
 Sunil Duggal                            +44 (0) 20 7523 8000 
 Andrew Buchanan 
 Emma Gabriel 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

April 26, 2018 02:01 ET (06:01 GMT)

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