Matched Bargain Dealing Facility

Released 10:29:37 07 September 2022

RNS Number : 6018Y

GYG PLC

7 September 2022

GYG plc

(“GYG”, the “Company” or the “Group”)

Matched Bargain Dealing Facility

GYG (AIM: GYG), the superyacht painting, supply and maintenance company, reminds  shareholders that the last day of dealings in GYG plc ordinary shares on AIM will be today, 7 September 2022.

As noted in the Company’s announcement of 31 August 2022, the Company will re-register as a private limited company with the name “GYG Limited” and adopt new articles of association, which is expected to take place in the week commencing 12 September 2022. 

To facilitate future shareholder transactions in the Company, JP Jenkins has been appointed to provide a matched bargain facility, which is expected to be available by the end of September 2022.

Shareholders wishing to trade these securities can do so through their stockbroker. Trades will be conducted at a level that JP Jenkins is able to match a willing seller and a willing buyer. Trades can be conducted, and limits can be accepted, during normal business hours. Shareholders or potential investors can place limits via their existing UK regulated stockbroker.

The indicative pricing for the ordinary shares (ISIN: GB00BZ4FM652), as well as the transaction history, will be available on the JP Jenkins website at https://jpjenkins.com.  

For further information, please contact:

Notes to Editors:

GYG is a 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, containment and the removal and repair of fittings

·        New Build: fairing and painting of new vessels as part of the build process

·        Supply: the sale and delivery of maintenance materials, consumables, spare parts and equipment primarily to superyachts and trade customers

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