GYG PLC Grant of Options (2088V)
05 April 2019 - 8:01AM
UK Regulatory
TIDMGYG
RNS Number : 2088V
GYG PLC
05 April 2019
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
GYG PLC
NOTIFICATION OF TRANSACTIONS BY DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES ("PDMRs")
Grant of options under the GYG plc Performance Share Plan
GYG plc (AIM: GYG), a market leading superyacht painting, supply
and maintenance company, announces that, in line with the proposal
set out in the results for the year ended 31 December 2018, options
were granted on 4 April 2019 to the following PDMRs under the GYG
plc Performance Share Plan 2017 at an exercise price of GBP0.002
per share.
Name Title Number of options
granted
Remy Millott Chief Executive Officer 143,870
------------------------- ------------------
Group Commercial
Rupert Savage Director 97,112
------------------------- ------------------
Gloria Fernandez Chief Financial Officer 64,741
------------------------- ------------------
Managing Director,
Peter Brown USA 43,161
------------------------- ------------------
Raúl Galán Chief Operating Officer 35,967
------------------------- ------------------
Andrew Clemence Marketing Director 28,774
------------------------- ------------------
These options will vest in 2022 to the extent stretching EPS
targets are met in FY21.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
detail:
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Remy MILLOTT
------------------------- -------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------- -------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name GYG plc
------------------------- -------------------------------------------------------
b) LEI 254900QDNKYRS233MM94
------------------------- -------------------------------------------------------
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 Ordinary Shares of GBP0.002 each
the financial
instrument, type
of instrument
ISIN GB00BZ4FM652
Identification
code
------------------------- -------------------------------------------------------
b) Nature of the Grant of options under the GYG plc
transaction Performance Share Plan
------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.002 143,870
----------
------------------------- -------------------------------------------------------
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
- Aggregated GBP0.002 143,870 -
volume ----------------- ----------------
- Price
------------------------- -------------------------------------------------------
e) Date of the transaction 4 April 2019
------------------------- -------------------------------------------------------
f) Place of the transaction Outside of trading venue
------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Rupert SAVAGE
------------------------- -------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status Group Commercial Director
------------------------- -------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name GYG plc
------------------------- -------------------------------------------------------
b) LEI 254900QDNKYRS233MM94
------------------------- -------------------------------------------------------
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 Ordinary Shares of GBP0.002 each
the financial
instrument, type
of instrument
ISIN GB00BZ4FM652
Identification
code
------------------------- -------------------------------------------------------
b) Nature of the Grant of options under the GYG plc
transaction Performance Share Plan
------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.002 97,112
----------
------------------------- -------------------------------------------------------
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
GBP0.002 97,112 -
- Aggregated volume ----------------- ----------------
- Price
------------------------- -------------------------------------------------------
e) Date of the transaction 4 April 2019
------------------------- -------------------------------------------------------
f) Place of the transaction Outside of trading venue
------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Gloria FERNANDEZ
------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------- --------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name GYG plc
------------------------- --------------------------------------------------------
b) LEI 254900QDNKYRS233MM94
------------------------- --------------------------------------------------------
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 Ordinary Shares of GBP0.002 each
the financial
instrument, type
of instrument
ISIN GB00BZ4FM652
Identification
code
------------------------- --------------------------------------------------------
b) Nature of the Grant of options under the GYG plc
transaction Performance Share Plan
------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.002 64,741
----------
------------------------- --------------------------------------------------------
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
GBP0.002 64,741 -
- Aggregated volume ----------------- ----------------
- Price
------------------------- --------------------------------------------------------
e) Date of the transaction 4 April 2019
------------------------- --------------------------------------------------------
f) Place of the transaction Outside of trading venue
------------------------- --------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Peter BROWN
------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Managing Director, USA
------------------------- --------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name GYG plc
------------------------- --------------------------------------------------------
b) LEI 254900QDNKYRS233MM94
------------------------- --------------------------------------------------------
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 Ordinary Shares of GBP0.002 each
the financial
instrument, type
of instrument
ISIN GB00BZ4FM652
Identification
code
------------------------- --------------------------------------------------------
b) Nature of the Grant of options under the GYG plc
transaction Performance Share Plan
------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.002 43,161
----------
------------------------- --------------------------------------------------------
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
GBP0.002 43,161 -
- Aggregated volume ----------------- ----------------
- Price
------------------------- --------------------------------------------------------
e) Date of the transaction 4 April 2019
------------------------- --------------------------------------------------------
f) Place of the transaction Outside of trading venue
------------------------- --------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Raúl GALÁN
------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------- --------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name GYG plc
------------------------- --------------------------------------------------------
b) LEI 254900QDNKYRS233MM94
------------------------- --------------------------------------------------------
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 Ordinary Shares of GBP0.002 each
the financial
instrument, type
of instrument
ISIN GB00BZ4FM652
Identification
code
------------------------- --------------------------------------------------------
b) Nature of the Grant of options under the GYG plc
transaction Performance Share Plan
------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.002 35,967
----------
------------------------- --------------------------------------------------------
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
GBP0.002 35,967 -
- Aggregated volume ----------------- ----------------
- Price
------------------------- --------------------------------------------------------
e) Date of the transaction 4 April 2019
------------------------- --------------------------------------------------------
f) Place of the transaction Outside of trading venue
------------------------- --------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Andrew CLEMENCE
------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Marketing Director
------------------------- --------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name GYG plc
------------------------- --------------------------------------------------------
b) LEI 254900QDNKYRS233MM94
------------------------- --------------------------------------------------------
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 Ordinary Shares of GBP0.002 each
the financial
instrument, type
of instrument
ISIN GB00BZ4FM652
Identification
code
------------------------- --------------------------------------------------------
b) Nature of the Grant of options under the GYG plc
transaction Performance Share Plan
------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.002 28,774
----------
------------------------- --------------------------------------------------------
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
GBP0.002 28,774 -
- Aggregated volume ----------------- ----------------
- Price
------------------------- --------------------------------------------------------
e) Date of the transaction 4 April 2019
------------------------- --------------------------------------------------------
f) Place of the transaction Outside of trading venue
------------------------- --------------------------------------------------------
For further information:
GYG plc via FTI Consulting
Remy Millott, Chief Executive Tel: +44 (0) 20 3727 1000
Officer
Gloria Fernandez, Chief Financial
Officer
Zeus Capital Limited (NOMAD Tel: +44 (0) 20 3829 5000
& Broker)
John Goold, Dominic King
Dan Bate, Nick Cowles, Jordan
Warburton
FTI Consulting (Financial PR) Tel: +44 (0) 20 3727 1000
Alex Beagley
Fiona Walker
Laura Saraby
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, Rolling Stock, Pinmar Supply,
Pinmar USA, Techno Craft and ACA Marine. 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 and
containment work;
-- New Build: fairing and painting of new vessels as part of the build process; and
-- Supply: selling and delivery of maintenance materials,
consumables, spare parts and equipment primarily to trade
customers.
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
DSHSSLFMLFUSEEL
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