TIDMGYG

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       Ordinary Shares 
 
       Identification code 
 
                                                                         ISIN GB00BZ4FM652 
     ----------------------------------------------------------------  ----------------------------- 
 b)   Nature of the transaction                                         Purchase of Ordinary Shares 
     ----------------------------------------------------------------  ----------------------------- 
 c)   Price(s) and volume(s)                                             Price(s)   Volume(s) 
                                                                           38p        5,000 
                                                                           46p        25,000 
     ----------------------------------------------------------------  ----------------------------- 
 d)   Aggregated information-  Aggregated volume 
                                                                          30,000 
       -  Price                                                           GBP 13,400 
     ----------------------------------------------------------------  ----------------------------- 
 e)   Date of the transaction                                           30 April 2022 
     ----------------------------------------------------------------  ----------------------------- 
 f)   Place of the transaction                                          London Stock Exchange 
     ----------------------------------------------------------------  ----------------------------- 
 
 
 Contact: 
 
  GYG plc                                   via FTI Consulting 
  Remy Millott, Chief Executive Officer     Tel: +44 (0) 20 3727 
  Kevin McNair, Chief Financial Officer     1000 
 Singer Capital Markets                   Tel: +44 (0) 20 7496 
  Tom Salvesen                             3000 
  Peter Steel, Amanda Gray 
 FTI Consulting                           Tel: +44 (0) 20 3727 
  Alex Beagley                             1000 
  Fiona Walker                             gyg@fticonsulting.com 
  Rafaella de Freitas 
 

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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END

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May 03, 2022 02:01 ET (06:01 GMT)

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