Gunsynd PLC Issue of Equity (0757D)
June 21 2019 - 9:29AM
UK Regulatory
TIDMGUN
RNS Number : 0757D
Gunsynd PLC
21 June 2019
Gunsynd plc
("Gunsynd" or the "Company")
Issue of Equity
Gunsynd (AIM: GUN, NEX: GUN) announces that two directors of the
Company, Hamish Harris and Donald Strang, have each invested
GBP18,500 in the Company by means of a subscription, resulting in
the issue of 100,000,000 new shares of 0.01p each in the Company
("Placing Shares") at a placing price of 0.037 pence per share (the
"Directors' Placing").
These directors were not able to participate in the Company's
last placing (announced on 10 June 2019) due to normal market
rules, however they now do so on the same terms as the placing,
namely at a price of 0.037 pence per share.
Application is being made for the Placing Shares, which will, on
issue, rank pari passu with the existing ordinary shares, to be
admitted to trading on AIM and NEX and as such admission is
expected to occur on or around 28 June 2019. The Placing Shares
will be admitted to trading on NEX Exchange simultaneously with the
admission to AIM.
The Directors' Placing is deemed to be a Related Party
Transaction for the purposes of Rule 13 of the AIM Rules. Mr George
Garnett, being the sole independent director of the Company for the
purposes of the Directors' Placing, considers, having consulted
with the Company's Nominated Adviser, that the terms of Directors'
Placing are fair and reasonable in so far as the Shareholders are
concerned.
The Company will therefore have 6,334,275,841 Ordinary Shares in
issue with voting rights and admitted to trading on AIM and NEX
Exchange. This figure may be used by shareholders in the Company as
the denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
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.
For further information please contact:
Gunsynd plc:
+44 (0) 20 7440 0640
Hamish Harris
Nominated Adviser/NEX Exchange Corporate Adviser:
+44 (0) 20 7213 0880
Cairn Financial Advisers LLP
James Caithie / Liam Murray
Peterhouse Corporate Finance (Joint Broker)
+44 (0)20 7469 0930
Lucy Williams
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
----- -----------------------------------------------------------------------------------
a. Name a) Hamish Harris
b) Donald Strang
-------------------------------------------------
2 Reason for notification
-------------------------------- -------------------------------------------------
a. Position/Status a) Executive Director
b) Executive Director
-------------------------------- -------------------------------------------------
b. Initial notification/ Initial
Amendment
-------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a. Name Gunsynd PLC
--------------------------------
b. LEI 21380068N2D57QUG1L78
-------------------------------- -------------------------------------------------
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 Ordinary Shares
the financial
instrument, type GB00B4WKYH05
of instrument
Identification
Code
-------------------------------- -------------------------------------------------
b. Nature of the On market Purchase
transaction
-------------------------------- -------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
-------------------------------- ------------------------ ---
a) GBP0.00037 50,000,000
b) GBP0.00037 50,000,000
------------------------------------------------------------------- -------------
d. Aggregated information
- Aggregated Volume n/a
- Price
-------------------------------- -------------------------------------------------
e. Date of the transaction 21/06/2019
-------------------------------- -------------------------------------------------
f. Place of the transaction UK
-------------------------------- -------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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