| 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) |
| ||||
| d) | Aggregated information
|
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 gyg@fticonsulting.com |
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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