GYG PLC Purchase of Own Shares (1389I)
December 09 2020 - 12:11PM
UK Regulatory
TIDMGYG
RNS Number : 1389I
GYG PLC
09 December 2020
GYG plc
( " GYG " or the " Company " )
Purchase of Own Shares
GYG (AIM: GYG), the market leading superyacht painting, supply
and maintenance company, announces that on 8 December 2020, the
Company purchased 10,000 of its own ordinary shares of 0.2p each
("Ordinary Shares") at a price of 67 pence per share, to be held as
treasury shares.
The Company now holds 24,500 Ordinary Shares in treasury and it
is anticipated that these shares will principally be used to
satisfy awards under the Company's employee share incentive
scheme.
In accordance with the Disclosure and Transparency Rules, the
Company hereby notifies the market that immediately following this
purchase for treasury its issued share capital will remain the same
and consist of 46,640,000 Ordinary Shares of which 24,500 are held
in Treasury. Therefore, the total number of voting rights in the
Company is 46,615,500. Shareholders may use this figure as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure and
Transparency Rules.
For further information:
GYG plc via FTI Consulting
Remy Millott, Chief Executive Tel: +44 (0) 20 3727 1000
Officer
Kevin McNair, Chief Financial
Officer
N+1 Singer (NOMAD & Broker) Tel: +44 (0) 20 7496 3000
Peter Steel (Corporate Finance)
Tom Salvesen (Corporate Broking)
FTI Consulting (Financial PR) Tel: +44 (0) 20 3727 1000
Alex Beagley
Fiona Walker
Rafaella de Freitas
Notes to Editors:
GYG is the market leading superyacht painting, supply and
maintenance company, offering services globally through operations
in the Mediterranean, Northern Europe and the United States. The
Company's brands include Pinmar, Pinmar Yacht Supply and
Technocraft. GYG's operations can be divided into three key sales
channels:
-- Refit: repainting and finishing of superyachts, normally as
part of a refit programme. Revenues also include scaffolding and
containment work;
-- New Build: fairing and painting of new vessels as part of the build process; and
-- Supply: selling and delivery of maintenance materials,
consumables, spare parts and equipment primarily to trade
customers.
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END
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