For immediate release |
4 June 2018 |
Gear4music (Holdings) plc
Director / PDMR dealings / Additional Listing
Gear4music (Holdings) plc ("Gear4music" or the "Company"), the largest UK based retailer of musical instruments and music equipment, announces that, following option exercises under the Company's EMI Schemes on or before 3 June 2018, 78,207 new ordinary shares of 10p each ('Ordinary Shares') will be issued and allotted.
Director/PDMR dealings
Gareth Bevan (Chief Commercial Officer) and Chris Scott (Chief Financial Officer) will, following the exercise of options as part of the above arrangements, each be issued and allotted 9,978 Ordinary Shares, with their resultant respective interests in the Company's enlarged issued share capital as below:
Director/PDMR |
Existing number of Ordinary Shares held |
Ordinary Shares issued following option exercise |
Resultant number of Ordinary Shares held |
Percentage interest in the Company's enlarged issued share capital |
Gareth Bevan |
100,382 |
9,978 |
110,360 |
0.5% |
Chris Scott |
90,462 |
9,978 |
100,440 |
0.5% |
Under the Company's Director Cash Plan, Andrew Wass (Chief Executive Officer) has exercised his entitlement to an award of £72,041, to be settled in cash.
Admission to trading
Application will be made for admission to trading of 78,207 new Ordinary Shares on the AIM Market of London Stock Exchange plc ("Admission"). It is expected that Admission will take place at 8:00 a.m. on or around 8 June 2018 and that dealings in the new Ordinary Shares on AIM will commence at the same time.
The new Ordinary Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares in the capital of the Company, including the right to receive all dividends or other distributions made, paid or declared in respect of such shares after the date of issue of the new Ordinary Shares.
Total voting rights
Gear4music's enlarged issued ordinary share capital immediately following Admission will be 20,945,328 Ordinary Shares with voting rights attached. The Company has no shares in Treasury; therefore the total number of voting rights in Gear4music is 20,945,328. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify an interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
Gear4music Andrew Wass, Chief Executive Officer Chris Scott, Chief Financial Officer |
+44 20 3865 9668 |
Panmure Gordon (Joint Financial Adviser, Joint Broker, and Nominated Adviser) Andrew Godber / Peter Steel - Investment Banking Erik Anderson - Corporate Broking |
+44 20 7886 2500 |
Peel Hunt (Joint Financial Adviser and Joint Broker) Adrian Trimmings George Sellar |
+44 20 7418 8900 |
Alma PR (Financial PR) Josh Royston/Rebecca Sanders-Hewett/Helena Bogle |
+44 20 3865 9668 [email protected] |
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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 ("PCAs") with them.
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Names |
Chris Scott and Gareth Bevan |
2 |
Reason for the notification |
a) |
Position/status |
Chris Scott - Chief Financial Officer and PDMR Gareth Bevan - Chief Commercial Officer and PDMR |
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 |
2138005H4W74HDGSFC49 |
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 10 pence each ("Ordinary Shares") |
b) |
Identification code |
GB00BW9PJQ87 |
c) |
Nature of the transactions |
Exercise of options over Ordinary Shares |
d) |
Price(s) and volume(s) |
Price - exercise price of 10 pence per Ordinary Share Volume(s) Chris Scott - exercise of options over 9,978 Ordinary Shares Gareth Bevan - exercise of options over 9,978 Ordinary Shares |
d) |
Aggregated information - Aggregated volume - Price |
N/A |
e) |
Date of the transactions |
31 May 2018 |
f) |
Place of the transaction |
Outside a trading venue |
Name of authorised official of issuer responsible for making notification:
Chris Scott
Company Secretary to Gear4music (Holdings) plc
