REG - GSTechnologies Ltd - Director/PDMR Dealings

Jarvis SecuritiesAnnouncement

24/03/2021 09:50

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


+65 6444 2988




Financial PR & Investor Relations 
IFC Advisory Limited












Tim Metcalfe / Graham Herring / Florence Chandler


London 


+44 20 3934 6630



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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