Business
Proposed Director Dealings
Proposed Director Dealings.
About this update from Gear4music (holdings) Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4271V\n Gear4music (Holdings) PLC\n 13 December 2021\n \n \n \n \n THIS ANNOUNCEMENT IS RESTRICTED AND NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018). \n \n \n 13 December 2021\n \n \n Gear4music (Holdings) plc\n \n \n (\"Gear4music\" or the \"Company\")\n \n \n Proposed Director Dealings\n \n \n Andrew Wass, Chief Executive Officer and a director of the Company (the \"Selling Shareholder\"), has indicated his intention to sell 1,650,000 ordinary shares in the Company, at 730 pence per share (the \"Sale Shares\"), representing approximately 7.9 per cent. of the Company's issued share capital (the \"Placing\"). The Selling Shareholder\n is also a person discharging managerial responsibilities (\"PDMR\").\n \n \n Mr Wass has advised the Company that his sale of ordinary shares in the Company is to satisfy existing market demand. Following the sale, Mr Wass would in aggregate hold approximately 4,701,593 ordinary shares, representing approximately 22.4 per cent. of the Company's issued share capital (a decrease from approximately 30.3 per cent.). \n \n \n It is intended that the Sale Shares will be offered to certain institutional investors.\n \n \n \n \n \n The sale is subject to demand, price and prevailing market conditions. The results of the Placing will be announced as soon as practicable.\n \n \n Enquiries:\n \n \n \n \n \n Gear4music\n \n \n Ken Ford, Non-Executive Chairman\n \n \n \n \n \n \n \n +44 (0)20 3405 0205\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Singer Capital Markets - Nominated Adviser and Joint Broker\n \n \n Peter Steel/Amanda Gray, Corporate Finance\n \n \n Tom Salvesen, Corporate Broking\n \n \n \n \n \n \n \n \n \n \n +44 (0)20 7496 300...