Director/PDMR Dealings

RNS Number : 3174T

GSTechnologies Ltd

24 March 2021

 

24 March 2021

GSTechnologies Limited

("GST" or the "Company")

Director/PDMR Dealings

GSTechnologies Limited (LSE: GST), the integrated information and communication technology infrastructure solutions provider, announces that on 23 March 2021 Bai Guojin ("Jack Bai") and Tan Guan Han, Shayne ("Shayne Tan"), who are both Executive Directors of the Company purchased ordinary shares of no par value in the Company ("Ordinary Shares") from Teo Chiu, Raphael ("Raphael Teo") an Executive Director of the Company, and Chong Loong Fatt, Garies ("Garies Chong"), a PDMR of the Company, as detailed below.

Jack Bai has acquired 45,000,000 Ordinary shares at a price of 2.0 pence per Ordinary Share, comprising 25,000,000 Ordinary Shares purchased from Raphael Teo and 20,000,000 from Garies Chong.

Shayne Tan has acquired 5,000,000 Ordinary Shares at a price of 2.0 pence per Ordinary Share from Garies Chong.

Following these transactions, further detailed in the disclosure tables below, the director's resultant shareholdings are as follows:

Director	Position	Ordinary Shares Held	% of Company's Issued Share Capital
Tone Goh*	Chairman	43,234,348	3.62%
Jack Bai**	Executive Director	124,200,000	10.41%
Shayne Tan	Executive Director	5,000,000	0.42%
Raphael Teo	Executive Director	207,603,260	17.39%
Malcolm Groat*	Non-executive Director	1,000,000	0.08%

*Shareholding unchanged

** includes 39,600,000 shares held by Mr Bai's wife

Additionally, following these transactions, Garies Chong's interest in the share capital of the Company is now 183,387,081 Ordinary Shares, representing approximately 15.37 per cent. of the Company's issued share capital.

Enquiries:

The Company
Tone Goh, Executive Chairman	Singapore	[phone]
Financial PR & Investor Relations IFC Advisory Limited
Tim Metcalfe / Graham Herring / Florence Chandler	London	[phone]

About GST

GST provides optimal wireless, electronic cabling, security, and other solutions to clients operating in the infrastructure development space. GST builds on the profitable ICT business of its Singaporean subsidiary EMS Wiring Systems, which has been supplying governments and large private organisations with intelligent building solutions for the last 30 years. GST's strategy is to develop solutions to meet the needs of the ICT industry, acting on the surging opportunities in the technology and innovation sectors - data centres, intelligent buildings, smart cities and the Internet of Things - particularly targeting emerging markets where the demand for ICT infrastructure is increasing rapidly.

For more information please see: https://gstechnologies.co.uk/

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Bai Guojin
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GSTechnologies Limited
b)	LEI	213800NWJ4UQG2R3X823
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 no par value VGG3961R1047
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 2.0 pence  25,000,000 2.0 pence  20,000,000
d)	Aggregated information - Aggregated volume - Price	45,000,000 £900,000
e)	Date of the transaction	23 March 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tan Guan Han, Shayne
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GSTechnologies Limited
b)	LEI	213800NWJ4UQG2R3X823
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 no par value VGG3961R1047
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 2.0 pence  5,000,000
d)	Aggregated information - Aggregated volume - Price	5,000,000 £100,000
e)	Date of the transaction	23 March 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Teo Chiu, Raphael
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GSTechnologies Limited
b)	LEI	213800NWJ4UQG2R3X823
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 no par value VGG3961R1047
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 2.0 pence  25,000,000
d)	Aggregated information - Aggregated volume - Price	25,000,000 £500,000
e)	Date of the transaction	23 March 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Chong Loong Fatt, Garies
2	Reason for the notification
a)	Position/status	CEO, EMS Wiring Systems Limited / PDMR
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GSTechnologies Limited
b)	LEI	213800NWJ4UQG2R3X823
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 no par value VGG3961R1047
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 2.0 pence  20,000,000 2.0 pence  5,000,000
d)	Aggregated information - Aggregated volume - Price	25,000,000 £500,000
e)	Date of the transaction	23 March 2021
f)	Place of the transaction	Outside a trading venue

 

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