Gunsynd PLC Partial disposal of shares in Investee companies (9127M)

TIDMGUN

RNS Number : 9127M

Gunsynd PLC

17 January 2023

Gunsynd plc

("Gunsynd" or the "Company")

Partial disposal of shares in Investee companies

Gunsynd Plc (AIM: GUN, AQSE: GUN) announces that it has partially disposed of holdings in some of its investee companies being Charger Metals NL ("Charger") (ASX: CHR); Pacific Nickel Mines Ltd ("Pacific Nickel") (ASX:PNM) and First Tin Plc ("First Tin") (LSE:1SN), which are set out below:

 
 I nvestee           N umber of                 A verage   T otal proceeds*       Resultant     Approximate 
  company           shares sold                price per                       shareholding       resultant 
                                   share (approximately)                                       shareholding 
                                                                                                          % 
                                                                AUD$115,686 
                                                             (approximately 
 Charger                197,940                 AUD$0.58         GBP65,964)       2,977,060            4.8% 
                  -------------  -----------------------  -----------------  --------------  -------------- 
                                                                AUD$135,702 
                                                             (approximately 
 Pacific Nickel       1,945,757                 AUD$0.07         GBP77,377)       2,779,840            0.7% 
                  -------------  -----------------------  -----------------  --------------  -------------- 
 First Tin              465,333                  GBP0.11          GBP50,724         618,000            0.2% 
                  -------------  -----------------------  -----------------  --------------  --------------

*GBP figures based on exchange rate at market close 16 January 2023

The Directors of Gunsynd accept responsibility for this announcement.

For further information please contact:

 
Gunsynd plc 
 Hamish Harris/ Peter Ruse       +44 (0) 78 7958 4153 
Cairn Financial Advisers LLP 
 James Caithie / Liam Murray     +44 (0) 20 7213 0880 
Peterhouse Capital Limited 
 Lucy Williams                   +44 (0) 20 7469 0936

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END

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January 17, 2023 02:00 ET (07:00 GMT)

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