Following a period of change in the Company, and ahead of The Superyacht Forum in November, Remy Millott of Gyg PLC (LON:GYG) speaks to SuperyachtNews.com…
The industry’s market leading group for superyacht painting services, the Global Yachting Group (GYG), which includes the Pinmar, Rolling Stock, Techno Craft and Pinmar Supply brands, is the only superyacht painting, supply and maintenance business to be listed on the AIM segment of the London Stock Exchange, a major milestone for the company in 2017. In addition to this, GYG has completed an acquisition of ACA Marine alongside hosting the biggest charity golf tournament and renowned social event of the yachting calendar, The Pinmar Golf, to be held at the end of October.
Now in the run up to The Superyacht Forum (TSF), taking place during 13 – 16 November, Remy Millott, CEO of GYG plc and Stephen Murphy, the Non-Executive Chairman, will take to the stage with fellow leading figures in the industry as part of a session in the Investor’s Summit, to discuss the Initial Public Offering (IPO). Pinmar will also introduce its new 2.0 Paint Standard and lead a workshop on electrostatic paint spraying.
“We have made a lot of progress and development in the last couple of years and our recent IPO provides a clear picture of our strategy, enhancing our credibility and profile which boosts the Company’s ability to secure larger new orders.” explains Remy Millott in a recent interview with SuperyachtNews.com.
“Historically it has been a challenge to get external investment in to the industry due to the uncertainty in the marine market and an inherent lack of understanding of the superyacht sector. As such, I think that our IPO is important for our industry, as it will encourage and present the market to new investors, thus providing an opportunity for other players. Since listing at the beginning of July, our share price has performed very well. Such confidence could bring new money into our industry to grow, provide and improve and I think that is the good thing.”
