Sale of Ordinary Shares and Director Dealings

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: [phone]
Nick Smith, Acquisitions Director and Head of Investor Relations	Tel: [phone]
Cara Zachariou, Head of Communications	Tel: [phone] or [phone]
Cantor Fitzgerald Europe - Nominated Adviser and Broker	Tel: [phone]
David Foreman, Marc Milmo, Callum Butterfield (Corporate Finance)
Mark Westcott, Caspar Shand Kydd, Alex Pollen (Sales)
Arden Partners - Broker	Tel: [phone]
John Llewellyn-Lloyd, Benjamin Cryer (Corporate Finance)
James Reed-Daunter (Corporate Broking)
IFC Advisory - Financial PR Adviser	Tel: [phone]
Tim Metcalfe, Graham Herring, Miles Nolan

 

END

 

 

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