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Gear4music (Holdings) plc announced that Ken Ford, Chairman and Non-Executive Director, completed an in specie transfer of his self-invested personal pension on 16 February 2024. This transaction involved 10,000 Ordinary Shares and resulted in no change to Mr. Ford's total beneficial interest in the Company. His beneficial interest remains 40,000 Ordinary Shares, representing 0.19% of the total issued share capital.
| Date | 21 Feb 2024 |
| Time | 17:00:59 |
| Category | Director/PDMR dealings |
| ID | 9938D |
Gear4music (Holdings) plc
("Gear4music" or " the Group")
PDMR Dealings
The Group has been notified that on 16 February 2024 Ken Ford, Chairman and Non-Executive Director, completed a transfer of his self-invested personal pension ("SIPP") from one provider to another in specie (the "Transfer").
Following the completion of the Transfer, Mr Ford's total beneficial interest in the Company remains unchanged at 40,000 Ordinary Shares, representing 0.19% of the total issued share capital.
Details of the transaction can be found in the Notification of Dealing Form below.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Ken Ford |
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2
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Reason for the notification
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a)
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Position/status
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Chairman and Non-executive Director |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Gear4music (Holdings) plc |
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b)
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LEI
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2138005H4W74HDGSFC49 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of £0.10 each |
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Identification code |
GB00BW9PJQ87 |
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b)
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Nature of the transaction
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Transfer of Ordinary Shares - change of SIPP provider resulting in no change to beneficial ownership |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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N/A |
10,000 |
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d)
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Aggregated information |
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- Aggregated volume |
n/a |
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- Price |
n/a |
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e)
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Date of the transaction
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16 February 2024 |
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f)
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Place of the transaction
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Outside a trading venue |
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Enquiries:
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Gear4music Andrew Wass, Chief Executive Officer Chris Scott, Chief Financial Officer |
+44 (0)20 3405 0205 |
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Singer Capital Markets - Nominated Adviser and Broker Peter Steel/Sam Butcher, Corporate Finance Tom Salvesen, Corporate Broking |
+44 (0)20 7496 3000
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Alma - Financial PR Rebecca Sanders-Hewett Joe Pederzolli David Ison |
+44 (0)20 3405 0205 |
About Gear4music (Holdings) plc
Operating from a Head Office in York, Distribution Centres in York, Bacup, Sweden, Germany, Ireland & Spain, and showrooms in York, Bacup, Sweden & Germany, the Group sells own-brand musical instruments and music equipment alongside premium third-party brands including Fender, Yamaha and Roland, to customers ranging from beginners to musical enthusiasts and professionals, in the UK, Europe and the Rest of the World.
Having developed its own e-commerce platform, with multilingual, multicurrency websites delivering to over 190 countries, the Group continues to build its overseas presence.