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GSTechnologies Limited announced on 15 January 2025 that Wise Mpay Pte LTD, a company controlled by CEO Jack Bai, transferred 100,000,000 Ordinary Shares in the Company to Ong Siew Phek, Jack Bai's wife. This nil-price transfer occurred on 08 January 2025. Following the transaction, Jack Bai's total shareholding is 4.16% and Ong Siew Phek's is 6.87%, with their combined shareholding remaining unchanged.
| Date | 15 Jan 2025 |
| Time | 08:34:32 |
| Category | Director/PDMR dealings |
| ID | 4195T |
15 January 2025
GSTechnologies Limited
("GST", the "Company" or the "Group")
PDMR / PCA Dealing
GSTechnologies Limited (LSE: GST), the fintech-focused company, announces that Wise Mpay Pte LTD, a company controlled by Jack Bai (Bai GuoJin), Executive Director and CEO of GST, has transferred 100,000,000 Ordinary Shares ("Shares") in the Company to Ong Siew Phek, Jack Bai's wife. Following this transfer, Jack Bai's total shareholding in the Company is 4.16%, his wife's total holding is 6.87% and their combined shareholding remains unchanged.
Enquiries:
The Company
Tone Goh, Executive Chairman
+65 6444 2988
Financial Adviser
First Sentinel Corporate Finance
+44 (0)20 3855 5551
Brian Stockbridge / Gabrielle Cordeiro
Broker
CMC Markets
+44 (0)20 3003 8632
Douglas Crippen
Financial PR & Investor Relations
IFC Advisory Limited
Tim Metcalfe / Graham Herring / Florence Chandler
+44 20 (0) 3934 6630
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 |
Ong Siew Phek |
|
2. |
Reason for the Notification |
|
|
a) |
Position/status |
Person closely associated with Jack Bai (Bai GuoJin), Director of GSTechnologies Limited |
|
b) |
Initial notification / Amendment |
Initial notification |
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
|
a) |
Name |
GSTechnologies Limited |
|
b) |
LEI |
213800NWJ4UQG2R3X823 |
|
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 no par value |
|
|
Identification Code |
VGG4164C1005 |
|
b) |
Nature of the transaction |
Acquisition of ordinary shares |
|
c) |
Price(s) and volume(s) |
Price: nil Volume: 100,000,000 ordinary shares |
|
d) |
Aggregated information: · Aggregated volume · Price |
Single transaction, see details in item (c) above |
|
e) |
Date of the transaction |
08 January 2025 |
|
f) |
Place of the Transaction |
Outside a trading venue |
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|
|
a) |
Name |
Wise MPay Pte Ltd |
|
2. |
Reason for the Notification |
|
|
a) |
Position/status |
Person closely associated with Jack Bai (Bai GuoJin), Director of GSTechnologies Limited |
|
b) |
Initial notification / Amendment |
Initial notification |
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
|
a) |
Name |
GSTechnologies Limited |
|
b) |
LEI |
213800NWJ4UQG2R3X823 |
|
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 no par value |
|
|
Identification Code |
VGG4164C1005 |
|
b) |
Nature of the transaction |
Disposal of ordinary shares |
|
c) |
Price(s) and volume(s) |
Price: nil Volume: 100,000,000 ordinary shares |
|
d) |
Aggregated information: · Aggregated volume · Price |
Single transaction, see details in item (c) above |
|
e) |
Date of the transaction |
08 January 2025 |
|
f) |
Place of the Transaction |
Outside a trading venue |