Business
Issue of shares under LTIP, PDMR dealings & TVR
Issue of shares under LTIP, PDMR dealings & TVR.
About this update from Gear4music (holdings) Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2826H\n Gear4music (Holdings) PLC\n 02 August 2021\n \n \n \n \n \n 2 August 2021\n \n \n \n \n \n Gear4music (Holdings) plc\n \n \n Issue of shares under Long Term Incentive Plan\n \n \n Director/PDMR dealings\n \n \n Total Voting Rights\n \n \n \n \n \n Gear4music (Holdings) plc, (\"Gear4music\" or \"the Group\") (LSE: G4M), the largest UK based online retailer of musical instruments and music equipment, today announces that the performance conditions relating to the conditional share awards granted under the Company's Long Term Incentive Plan (\"LTIP\") to certain employees of the Company on 13 November 2018, as amended on 13 October 2020, were fully met. As a result, 21,450 ordinary shares of 10 pence each (\"Ordinary Shares\") will be issued and allotted. \n \n \n Director/PDMR dealings\n \n \n \n \n \n Gareth Bevan (Chief Commercial Officer) and Chris Scott (Chief Financial Officer) will be issued and allotted 6,825 and 5,850 Ordinary Shares respectively, with their resultant respective interests in the Company's enlarged issued share capital as below:\n \n \n \n \n \n Director/PDMR\n \n \n \n \n Existing number of Ordinary Shares held\n \n \n \n \n Ordinary Shares issued pursuant to LTIP\n \n \n \n \n Resultant number of Ordinary Shares held\n \n \n \n \n Percentage interest in the Company's enlarged issued share capital\n \n \n \n \n \n \n Gareth Bevan\n \n \n \n \n 84,760\n \n \n \n \n 6,825\n \n \n \n \n 91,585\n \n \n \n \n 0.44%\n \n \n \n \n \n \n Chris Scott\n \n \n \n \n 74,840\n \n \n \n \n 5,850\n \n \n \n \n 80,690\n \n \n \n \n 0.38%\n \n \n \n \n \n \n \n \n Andrew Wass' (Chief Executive Officer) entitlement to an award of £55,575 has been exercised and will be settled in cash.\n \n \n Admission to trading\n \n \n \n \n \n Application has been made to the London Stock Exchange for the 21,450 Ordinary Shares to be admitted to trading on AIM (\"Admission\") and it is expected that Admission will become effective on or around 8.00 a.m. on 3 August 2021.\n \n \n 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 r...