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.

 1

 

Details of the person discharging managerial responsibilities / person closely associated 

a)

 

Names 

Andrew Wass - Chief Executive Officer

Dean Murray - Non-Executive Director

Key Capital Partners (Nominees) Limited

2

 

Reason for the notification

a)

 

Position/status

 

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.

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

a)

 

Name

 

Gear4music (Holdings) plc

b)

 

LEI

 ISIN = GB00BW9PJQ87

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 of 10p each

b)

Identification code 

 

GB00BW9PJQ87

c)

 

Nature of the transactions 

 

Sale of Ordinary Shares

 

d)

 

Price(s) and volume(s)

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

d)

 

Aggregated information 

- Aggregated volume

- Price

 N/A

 

e)

 

Date of the transactions 

18 October 2016 for all transactions

f)

 

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
 
END
 
 
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