23rd Sep 2011 12:45
23 September 2011
Gable Holdings Inc
("Gable", "the Company" or "the Group")
Notification of Major Interest in Shares and Directors Dealings
Gable Holdings Inc. (AIM: GAH.L), the European non-life insurance company, announces that Hargreave Hale has acquired 2,350,000 ordinary shares of 0.25 pence each in the Company ("Ordinary Shares") at 18.2 pence per Ordinary Share.
To facilitate the demand for this transaction, William Dewsall, CEO of Gable notified the Company yesterday, 22 September 2011, that on that day he sold 1,100,000 Ordinary Shares and the Helium Special Situations Fund sold 1,100,000 Ordinary Shares, as it was deemed beneficial to build out the shareholder base of the Company. This comes following the announcement of the Group's strong interim results last week.
Following these transactions the total holdings are:
Shareholder | Holding following transaction
| Total percentage holding following transaction |
Helium Special Situations Fund | 24,965,000 | 22.03% |
William Dewsall | 24,699,022 | 21.80% |
Enquiries
Gable Holdings Inc William Dewsall, Chief Executive | tel: +44 (0) 20 7337 7460 |
Panmure Gordon Paul Lumbis / Fred Walsh | tel: +44 (0) 20 7459 3600 |
Gable Communications Justine James / John Bick | tel: +44 (0) 20 7193 7463 +44 (0) 7525 324431 |
About Gable Holdings Inc
Gable is a European non-life insurance company underwriting a comprehensive range of specialist policies for the commercial sectors in the UK, France, Norway and Spain. Gable has continued to successfully grow its business geographically whilst simultaneously exploiting a range of niche insurance segments which exist across the EU.
Gable Holdings Inc is quoted on the London Stock Exchange's AIM market (ticker: GAH.L GAH.LN). For further information please visit www.gableholdings.com.
Related Shares:
GAH.L