Gunsynd PLC Director/PDMR Shareholding (2921N)
August 07 2017 - 6:55AM
UK Regulatory
TIDMGUN
RNS Number : 2921N
Gunsynd PLC
07 August 2017
Gunsynd plc
("Gunsynd", or the "Company")
Grant of options
The Company announces that it has agreed to grant 150 million
share options to Donald Strang and 150 million share options Hamish
Harris ("New Options").
Each New Option will entitle the holder to subscribe for new
ordinary shares of 0.01p each in the Company ("Shares") at an
exercise price of 0.05 pence per Share and are exercisable at any
time until 30 June 2022, which represents a premium of circa 11 per
cent over the closing mid-price on 4 August 2017.
The table below sets out the directors' interest in the Company
following this grant of options:-
Donald Strang Hamish Harris
----------------------- ------------------- -------------------
Interest over shares 57,058,823 (1.7%) 48,725,490 (1.0%)
----------------------- ------------------- -------------------
Interest over options 150,000,000 (3.1%) 150,000,000 (3.1%)
----------------------- ------------------- -------------------
Fully diluted holding 4.2% 4.0%
----------------------- ------------------- -------------------
The issued share capital of the Company comprises 4,882,924,490
ordinary shares.
A total of 32,650,840 options and nil warrants are outstanding
at the date of this notification.
Existing options over 10,000,000 ordinary shares issued to each
of Donald Strang and Hamish Harris which vested on 2 April 2015
with an exercise price of 0.22 pence have been cancelled following
the award of options noted above.
The grant of the New Options is considered to be a related party
transaction under the AIM Rules for Companies. David Ormerod,
non-executive director of the Company who is not interested with
the transaction, having consulted with Cairn Financial Advisers
LLP, the Company's nominated adviser, considers that the terms of
the New Options are fair and reasonable as far as the Company's
shareholders are concerned.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
The directors of Gunsynd accept responsibility for this
announcement.
Contacts:-
Gunsynd plc:
+44 (0) 20 7440
Hamish Harris 0640
Nominated Adviser / NEX Exchange
Corporate Adviser:
Cairn Financial Advisers LLP
+44 (0) 20 7213
James Caithie/Liam Murray 0880
Joint Broker:
Peterhouse Corporate Finance
+44 (0) 20 7469
Lucy Williams 0930
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
-------------------------------------------------------------------
Details of the person discharging managerial
responsibilities/person closely associated
-------------------------------------------------------------------
Name Donald Ian George Layman Strang
-------------------------- ---------------------------------------
Reason for
notification
-------------------------- ---------------------------------------
Position/Status Director
-------------------------- ---------------------------------------
Initial notification/ Initial
Amendment
-------------------------- ---------------------------------------
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
-------------------------------------------------------------------
Name Gunsynd PLC
-------------------------- ---------------------------------------
LEI
-------------------------- ---------------------------------------
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
-------------------------------------------------------------------
Description Ordinary shares of 0.01p each
of the financial
instrument,
type of instrument
Identification
Code
-------------------------- ---------------------------------------
Nature of the Grant of Options to subscribe
transaction for ordinary shares
-------------------------- ---------------------------------------
Price(s) and Price(s) Volume(s)
volume(s)
-------------------------- ----------------- ----------------
Exercise
price of
0.05p per
share 150,000,000
-------------------------------------------- ----------------
Aggregated
information N/A
- Aggregated
Volume
- Price
-------------------------- ---------------------------------------
Date of the 7 August 2017
transaction
-------------------------- ---------------------------------------
Place of the UK
transaction
-------------------------- ---------------------------------------
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
------------------------------------------------------------------
Details of the person discharging managerial
responsibilities/person closely associated
------------------------------------------------------------------
Name Hamish Hamlyn Harris
-------------------------- --------------------------------------
Reason for
notification
-------------------------- --------------------------------------
Position/Status Director
-------------------------- --------------------------------------
Initial notification/ Initial
Amendment
-------------------------- --------------------------------------
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
------------------------------------------------------------------
Name Gunsynd PLC
-------------------------- --------------------------------------
LEI
-------------------------- --------------------------------------
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
------------------------------------------------------------------
Description
of the financial Ordinary shares of 0.01p each
instrument,
type of instrument
Identification
Code
-------------------------- --------------------------------------
Nature of the Grant of Options to subscribe
transaction for ordinary shares
-------------------------- --------------------------------------
Price(s) and Price(s) Volume(s)
volume(s)
-------------------------- ---------------- ----------------
Exercise
price of
0.05p per
share 150,000,000
------------------------------------------- ----------------
Aggregated
information
N/A
- Aggregated
Volume
- Price
-------------------------- --------------------------------------
Date of the 7 August 2017
transaction
-------------------------- --------------------------------------
Place of the UK
transaction
-------------------------- --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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