TIDMGST
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 % of Company's
Held 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%
-------------------- ---------------- ---------------
Non-executive
Malcolm Groat* 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 +44 20 3934
Chandler London 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/ Initial Notification
Amendment
---------------------------------- -------------------------------------
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 Ordinary shares of no par value
instrument, type of
instrument VGG3961R1047
Identification code
---------------------------------- -------------------------------------
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 45,000,000
- Price GBP900,000
---------------------------------- -------------------------------------
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/ Initial Notification
Amendment
---------------------------------- -------------------------------------
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 Ordinary shares of no par value
instrument, type of
instrument VGG3961R1047
Identification code
---------------------------------- -------------------------------------
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 5,000,000
- Price GBP100,000
---------------------------------- -------------------------------------
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/ Initial Notification
Amendment
---------------------------------- -------------------------------------
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 Ordinary shares of no par value
instrument, type of
instrument VGG3961R1047
Identification code
---------------------------------- -------------------------------------
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 25,000,000
- Price GBP500,000
---------------------------------- -------------------------------------
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/ Initial Notification
Amendment
------------------------------- ----------------------------------------
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 Ordinary shares of no par value
instrument, type of
instrument VGG3961R1047
Identification code
------------------------------- ----------------------------------------
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 25,000,000
- Price GBP500,000
------------------------------- ----------------------------------------
e) Date of the transaction 23 March 2021
------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------
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