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Company Announcements

Sale of Ordinary Shares and Director Dealings

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By LSE RNS

RNS Number : 3394S
Gateley (Holdings) PLC
02 October 2017
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain. 

 

For immediate release

2 October 2017

 

Gateley (Holdings) Plc

 

('Gateley' or the 'Company')

 

Sale of Ordinary Shares, Increased Free Float and Director Dealings

 

Gateley (Holdings) Plc (AIM:GTLY), the national commercial law and complementary professional services group is pleased to announce a further sale by internal shareholders (being former partners of Gateley LLP) of an aggregate 6,641,333 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a price of £1.50 per share.  The Ordinary Shares have been sold to both new and existing institutional shareholders and also to Gateley employees.  Shares were successfully placed by the Company's joint brokers, Cantor Fitzgerald Europe and Arden Partners.

 

Highlights

·     6,641,333 aggregate Ordinary Shares sold by former partners of Gateley LLP ("Sale Shares"), representing 6.21 per cent. of current issued share capital

·     Transaction price of £1.50 per Sale Share ("Sale Price")

·     Strong demand from new institutional shareholders

·     Strong internal demand from new and existing employees

·     Free float increased from 34.0 per cent. to 40.3 per cent.

 

Details of the Sale

On the Company's admission to AIM ("Admission"), the former partners of Gateley LLP held 70.0 per cent. of the enlarged share capital at that time.  These former partners voluntarily entered into five year lock-in agreements with the Company which permitted them to dispose up to 10 per cent. of their interest in Ordinary Shares in any 12 month period after the first anniversary of Admission.

 

The 6,641,333 Ordinary Shares represent approximately 6.21 per cent. of the current total issued share capital of the Company with institutional investors purchasing 6,333,334 Ordinary Shares and 307,999 being purchased by Gateley employees.

 

 

Director and PDMR Dealings

Michael Ward (Chief Executive) and Peter Davies (Chief Operating Officer) together with their connected persons sold 328,900 Ordinary Shares each, whilst Neil Smith (Finance Director) together with his connected persons purchased 20,000 Ordinary Shares.  In addition, Suki Thompson (Non-Executive Director) purchased 10,000 Ordinary Shares.  Their resultant interests in the Company are:

 

 

Number of Ordinary Shares

% of total issued share capital

Michael Ward

2,631,204

2.46%

Peter Davies

2,660,104

2.49%

Neil Smith

520,000

0.49%

Suki Thompson

10,000

0.01%

 

Further details of these Director Dealings are provided below.

 

The Company announces that it has received the following notification of dealings in Ordinary Shares from Brendan McGeever, Paul Hayward, Roderick Waldie, Callum Nuttall, Victoria Walker, Nick Smith, Katie Chester, Thomas Durrant, Christopher Thompson, Vikki Whittemore, being PDMRs of Gateley. The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Michael Ward

2

Reason for notification

 

 

 

a.

Position/Status

Executive Director - CEO

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Sale of Ordinary Shares.

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

328,900

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

328,900

 

£493,350

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Peter Davies

2

Reason for notification

 

 

 

a.

Position/Status

Executive Director - Chief Operating Officer

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Sale of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

328,900

 

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

328,900

 

£493,350

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Neil Smith

2

Reason for notification

 

 

 

a.

Position/Status

Executive Director - Finance Director

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Purchase of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

20,000

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

20,000

 

£30,000

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Suki Thompson

2

Reason for notification

 

 

a.

Position/Status

Non-Executive Director of Gateley (Holdings) Plc

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Purchase of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

10,000

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

10,000

 

£15,000

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Brendan McGeever

2

Reason for notification

 

 

 

a.

Position/Status

Executive Director of Gateley Plc

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Sale of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

328,900

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

328,900

 

£493,350

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Paul Hayward

2

Reason for notification

 

a.

Position/Status

Executive Director of Gateley Plc

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Sale of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

328,900

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

328,900

 

£493,350

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Roderick Waldie

2

Reason for notification

 

a.

Position/Status

Executive Director of Gateley Plc

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Sale of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

197,340

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

197,340

 

£296,010

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Callum Nuttall

2

Reason for notification

 

 

a.

Position/Status

Executive Director of Gateley Plc

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Sale of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

289,907

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

289,907

 

£434,860

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Victoria Walker

2

Reason for notification

 

a.

Position/Status

Executive Director of Gateley Plc

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Sale of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

63,294

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

63,294

 

£94,491

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Nick Smith

2

Reason for notification

 

a.

Position/Status

Acquisitions Director

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Sale of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

140,640

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

140,640

 

£210,960

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Katie Chester

2

Reason for notification

 

a.

Position/Status

Member of the Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Sale of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

29,000

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

29,000

 

£43,500

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Thomas Durrant

2

Reason for notification

 

a.

Position/Status

Member of the Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Sale of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

63,314

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

63,314

 

£94,971

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Christopher Thompson

2

Reason for notification

 

 

a.

Position/Status

Member of the Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Sale of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

16,686

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

16,686

 

£25,029

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Vikki Whittemore

2

Reason for notification

 

 

a.

Position/Status

Member of the Operations Board

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gateley (Holdings) PLC

b.

LEI

N/A

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

Identification Code

Ordinary Shares of  10 pence each

 

 

 

ISIN: GB00BXB07J71

b.

Nature of the transaction

Purchase of Ordinary Shares

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

£1.50

 

666

 

 

d.

Aggregated information

- Aggregated Volume

 

- Price

 

666

 

£1,000

e.

Date of the transaction

29 September 2017

f.

Place of the transaction

London Stock Exchange

                 

 

 

 

Ends -

 

 

Enquiries:

 

Gateley (Holdings) Plc

Neil Smith, Finance Director

 

Tel: +44 (0) 121 234 0196

Nick Smith, Acquisitions Director and Head of Investor Relations

Tel: +44 (0) 20 7653 1665

Cara Zachariou, Head of Communications

Tel: +44 (0) 121 234 0074 or +44 (0) 7703 684 946

 

 

Cantor Fitzgerald Europe - Nominated Adviser and Broker

Tel: +44 (0) 20 7894 7000

David Foreman, Marc Milmo, Callum Butterfield (Corporate Finance)

 

Mark Westcott, Caspar Shand Kydd, Alex Pollen (Sales)

 

 

 

Arden Partners - Broker

Tel: +44 (0) 20 7614 5900

John Llewellyn-Lloyd, Benjamin Cryer (Corporate Finance)

 

James Reed-Daunter (Corporate Broking)

 

 

 

IFC Advisory - Financial PR Adviser

Tel: +44 (0) 20 3053 8671

Tim Metcalfe, Graham Herring, Miles Nolan

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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