Source - RNS
RNS Number : 8729M
Gear4music (Holdings) PLC
18 October 2016

Gear4music (Holdings) plc


Director Share Dealings


On 18 October 2016, the board of Gear4music (Holdings) plc ("Gear4music", the "Company" or the "Group") was informed that the following Directors sold shares today at 300p per share: Andrew Wass, Chief Executive Officer, sold 400,000 shares and Dean Murray, Non-Executive Director, sold 75,000 shares. The beneficial holdings of Mr Wass and Mr Murray now stand at 7,886,593 and 249,520 shares respectively, representing 39.1% and 1.2% respectively of the issued share capital of the Company.

The board was also informed that Key Capital Partners (Nominees) Limited ("KCP") has today sold 2,000,000 shares at 300p per share. KCP is classified as a Person Closely Associated with Peter Armitage, a Non-Executive Director of the Company and KCP director. KCP acts as nominee for certain funds of Key Capital Partners LLP, a partnership of which Mr Armitage is a member. KCP's interest is now in 829,482 shares, representing approximately 4.1% of the Company's issued share capital.

18 October 2016

- Ends -



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 ("PCA") with them.



Details of the person discharging managerial responsibilities / person closely associated 




Andrew Wass - Chief Executive Officer

Dean Murray - Non-Executive Director

Key Capital Partners (Nominees) Limited



Reason for the notification





See 1(a) above for positions in respect of Andrew Wass and Dean Murray - both classified as PDMRs of the Company

KCP is a classified as a PCA of Peter Armitage, a Non-Executive Director of the Company and KCP director. KCP acts as nominee for certain funds of Key Capital Partners LLP, a partnership of which Mr Armitage is a member.



Initial notification /Amendment


Initial Notification



Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 





Gear4music (Holdings) plc







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



Description of the financial instrument, type of instrument


Ordinary Shares of 10p each


Identification code 





Nature of the transactions 


Sale of Ordinary Shares




Price(s) and volume(s)


Andrew Wass - 400,000 shares

Dean Murray - 75,000 shares

KCP - 2,000,000 shares

Price: all transactions completed at £3.00 per share



Aggregated information 

- Aggregated volume

- Price





Date of the transactions 

18 October 2016 for all transactions



Place of the transaction

London Stock Exchange, AIM Market (XLON)


Name of authorised official of issuer responsible for making notification:

Chris Scott

Company Secretary to Gear4music (Holdings) plc

For further information please contact


Gear4music                                                                                                                                        +44 843 155 0800

Andrew Wass, Chief Executive Officer

Chris Scott, Chief Financial Officer


Panmure Gordon                                                                                                                             +44 20 7886 2500

(Financial Adviser, Nominated Adviser and Broker)

Andrew Godber / Peter Steel - Investment Banking

Erik Anderson / Tom Salvesen - Corporate Broking


MHP Communications (Financial PR)                                                                                     +44 20 3128 8100

Andrew Leach

Simon Hockridge

Isabelle Grainger



This information is provided by RNS
The company news service from the London Stock Exchange

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