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Global Yachting Group

GYG PLC CEO increases holding in the company

GYG plc (LON:GYG), a market leading superyacht painting, supply and maintenance company, announces that it was notified on 12 July 2018 that Remy Millott, Chief Executive Officer, purchased 103,000 ordinary shares of £0.002 each in the Company at a price of 72.5p per share.

As a result, Mr Millott holds 3,270,863 Ordinary shares, representing 7.01 per cent. of the issued ordinary share capital of the Company.

GYG Plc is the market leading superyacht painting, supply and maintenance company, offering services globally through operations in the Mediterranean, Northern Europe and the United States. The Company’s brands include Pinmar, Rolling Stock, Pinmar Supply, Pinmar USA, Techno Craft and ACA Marine. GYG’s operations can be divided into three key sales channels:

· Refit: repainting and finishing of superyachts, normally as part of a refit programme. Revenues also include scaffolding and containment work;

· New Build: fairing and painting of new vessels as part of the build process; and

· Supply: selling and delivery of maintenance materials, consumables, spare parts and equipment primarily to trade customers.

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