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Global Yachting Group

GYG PLC Group MD increases holding in company

GYG plc (LON: GYG), a market leading superyacht painting, supply and maintenance company, announced today that it was notified on 9 November 2018 that Rupert Savage, Group Managing Director, purchased 146,250 ordinary shares of £0.002 each in the Company at a price of 34p per share.

As a result, Mr Savage holds 2,716,981 Ordinary shares, representing 5.83 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.