Global Graphics PLC
Platforms for digital inkjet printing and type design

News Release

Cambridge, UK  20/09/2017

Changes in significant shareholdings and notification of transactions in shares by persons discharging managerial responsibility ("PDMRs")

PDF version
Cambridge (UK) 20 September 2017: Global Graphics PLC (Euronext: GLOG) discloses notification of changes in major shareholdings in the Company's shares and a notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

Explanation of changes in major shareholdings

The Company’s major shareholder, Stichting Andlinger & Co. Euro-Foundation (“Andlinger”), a foundation managed by the Company’s non-executive director Johan Volckaerts has liquidated its assets.  Andlinger held investments on behalf of individual partners including Johan Volckaerts.  It also held investments on behalf of Clema Capital sarl (“Clema”), a company controlled by Mr Volckaerts.  The liquidation has resulted in some changes to shareholdings in the Company, as explained below.

As part of the liquidation of Andlinger, Clema has acquired 1,000,000 shares from another Andlinger partner for US $3.00 per share.

Following the completion of the aforementioned transaction and the transfer of shares held by Andlinger to individual partners, Clema owns 1,517,171 shares and Mr Volckaerts owns 455,897 shares directly.  Together, Mr Volckaerts therefore now controls 1,973,068 shares in the Company.

Details of the statutory notices received by the Company are also included in this press release.
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 Johan Volckaerts
2 Reason for the notification
a) Position/status Non-executive director
b) Initial notification/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Global Graphics PLC
b) LEI 213800ZFW446QIHAB654
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 instrument, type of instrument

Identification code

Ordinary share

GB00BYN5BY03

b) Nature of the transaction Purchase of shares
c) Price(s) and volume(s) Price: USD 3.00

Volume: 1,000,000

d) Aggregated information

- Aggregated volume

 - Price

 

 1,000,000

 USD 3,000,000

e) Date of the transaction 18 September 2017
f) Place of the transaction Outside a trading venue



Notifications of changes in major shareholdings

NOTIFICATION 1
On 19 September 2017, the Company received notification from Stichting Andlinger & Company Euro-Foundation that they had on an aggregate basis crossed below the threshold of 0% of voting rights in the Company's shares.

The content of the notification received is shown below.
Name of the shareholder:
Stichting Andlinger & Company Euro-Foundation
Contact name:
Johan Volckaerts
Contact telephone number:
+3226478070
Reason for notification:
An acquisition or disposal of voting rights
Date threshold crossed:
18 September 2017
Date of notification:
19 September 2017
Threshold crossed/reached:
0%


Voting rights:
Voting rights attached to shares
Class/type of
shares


Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
% of  voting rights
Direct Direct Indirect Direct Indirect
Ordinary Shares of €0.40 each
2,032,011
2,032,011
0
0
None
0%
0%

Total voting rights
Number of voting rights Percentage of voting rights
0 0%


NOTIFICATION 2
On 19 September 2017, the Company received notification from Clema Capital sarl that they had on an aggregate basis crossed above the threshold of 13% of voting rights in the Company's shares.

The content of the notification received is shown below.
Name of the shareholder:
Clema Capital sarl
Contact name:
Johan Volckaerts
Contact telephone number:
+3226478070
Reason for notification:
An acquisition or disposal of voting rights
Date threshold crossed:
18 September 2017
Date of notification:
19 September 2017
Threshold crossed/reached:
13%


Voting rights:
Voting rights attached to shares
Class/type of
shares


Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
% of  voting rights
Direct Direct Indirect Direct Indirect
Ordinary Shares of €0.40 each
0
0
1,517,171
1,517,171
None
13.12%
0%
Total voting rights
Number of voting rights Percentage of voting rights
1,517,171 13.12%


NOTIFICATION 3
On 19 September 2017, the Company received notification from Johan Volckaerts that he had on an aggregate basis crossed above the threshold of 3% of voting rights in the Company's shares.

The content of the notification received is shown below.
Name of the shareholder:
Johan Volckaerts
Contact name:
Johan Volckaerts
Contact telephone number:
+3226478070
Reason for notification:
An acquisition or disposal of voting rights
Date threshold crossed:
18 September 2017
Date of notification:
19 September 2017
Threshold crossed/reached:
3%


Voting rights:
Voting rights attached to shares
Class/type of
shares


Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
% of  voting rights
Direct Direct Indirect Direct Indirect
Ordinary Shares of €0.40 each
130,741
130,741
455,897
455,897
None
3.94%
0%
Total voting rights
Number of voting rights Percentage of voting rights
455,897 3.94%


Editors notes

About Global Graphics
Global Graphics PLC (Euronext: GLOG) http://www.globalgraphics.com is a leading developer of platforms for digital printing, including the Harlequin RIP®. Customers include HP, Canon, Delphax, Roland,  Kodak and Agfa. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and, today the majority of the R&D team is still based near here. The font foundry, URW++ Design and Development GmbH, and the industrial printhead driver solutions specialists, Meteor Inkjet, are subsidiary companies of Global Graphics PLC.  Global Graphics has offices in: Boston, US; Tokyo, Japan; and Hamburg, Germany.

Contact

Jill Taylor Corporate Communications Director Tel: +44 (0)1223 926489 Email: jill.taylor@globalgraphics.com Graeme Huttley Chief Financial Officer Tel: +44 (0)1223 926472 Email: graeme.huttley@globalgraphics.com