RNS Number : 5579P GYG PLC

29 May 2018

29 May 2018

GYG plc

Result of Annual General Meeting

GYG plc (AIM: GYG), the market leading superyacht painting, supply and maintenance company, is pleased to announce that all resolutions as set out in the Notice of Annual General Meeting dated 18 April 2018 were duly passed today by the shareholders of the Company.

Enquiries:

GYG plc

via FTI Consulting

Remy Millott, Chief Executive Officer Gloria Fernandez, Chief Financial Officer

Tel: +44 (0) 20 3727 1000

Zeus Capital Limited (NOMAD & Broker)Tel: +44 (0) 20 3829 5000

Giles Balleny, Dan Bate (Corporate finance)

John Goold, Hugh Kingsmill Moore (Broking)

FTI Consulting (Financial PR)

Tel: +44 (0) 20 3727 1000

Alex Beagley

Fiona Walker Laura Saraby

Notes to Editors:

GYG 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:

  • · COATING:

    - 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

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

Superyachts require a major survey and service every five years to comply with certain class, maritime laws and insurance requirements. Owners typically undertake an annual haul out and general maintenance to remain ahead of the service intervals and to keep the vessels in optimum condition.

Owners often use the major servicing period as an opportunity for repainting the vessel, providing GYG with a source of repeat business.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contactrns@lseg.com or visitwww.rns.com.

END

RAGALMBTMBATBJP

Attachments

  • Original document
  • Permalink

Disclaimer

GYG plc published this content on 29 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 May 2018 12:02:05 UTC