GYG announces intention to float on AIM

Europe
26th June 2017

GYG announces intention to float on AIM

GYG, a market leading superyacht painting, supply and maintenance company, announces its proposed application for the admission of its entire issued share capital to trading on AIM, the market of that name operated by London Stock Exchange plc. Dealings in the Company's ordinary shares on AIM are expected to commence at 8.00 a.m. on 5 July 2017.

In addition, 6,944,692 new and 21,488,386 existing ordinary shares (“Ordinary Shares”) have been placed by Zeus Capital Limited (“Zeus Capital”) at 100 pence per ordinary share (the “Placing Price”).
Following the placing of the new Ordinary Shares, the Group will have 46,640,000 Ordinary Shares in issue and the Company is expected to have a market capitalisation of approximately £46.6 million on Admission.

GYG announces intention to float on AIM

Zeus Capital is acting as Nominated Advisor and sole broker to the Company in relation to Admission.

Business Type: Refit Services

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