Gunsynd PLC Result of GM and Consolidation of Share Capital (8550L)
May 04 2020 - 9:26AM
UK Regulatory
TIDMGUN
RNS Number : 8550L
Gunsynd PLC
04 May 2020
Gunsynd plc
("Gunsynd" or the "Company")
Result of GM and Consolidation of Existing Ordinary Shares
The Directors of Gunsynd (AIM: GUN, AQSE: GUN) announces that,
at the General Meeting of the Company held earlier today, the
resolution put to the meeting was duly passed.
Consolidation of Existing Ordinary Shares
At the GM of the Company held today, the Company sought
shareholder approval for consolidation of its Existing Ordinary
Shares, as defined in the Notice of GM send to Shareholders on 16
April 2020, such that every 85 Existing Ordinary Shares of 0.001
pence each will be consolidated into 1 New Ordinary Share of 0.085
pence. Such New Ordinary Shares will have the same rights and be
subject to the same restrictions (save as to par value) as the
Existing Ordinary Shares.
Following the passage of the resolutions at the GM today,
6,334,275,841 Existing Ordinary Shares of 0.001 pence each in issue
in the capital of the Company, together with the 64 additional
Ordinary Shares issued on 1 May 2020 to ensure the Company's issued
ordinary share capital is divisible by 85, will be consolidated
into 74,520,893 New Ordinary Shares of 0.085 pence each.
Admission to AIM
The Consolidation of Existing Ordinary Shares is conditional
upon the New Ordinary Shares being admitted to AIM. It is expected
that Admission will become effective at 8.00 am on or around 5 May
2020. Following Admission, the Company's issued share capital will
comprise 74,520,893 ordinary shares with voting rights. This figure
may be used by shareholders in the Company as the denominator for
the calculations 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
Hamish Harris +44 20 7440 0640
Cairn Financial Advisers LLP
James Caithie / Liam Murray +44 20 7213 0880
Peterhouse Corporate Finance
Lucy Williams +44 20 7469 0930
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
MSCUPUAPAUPUGWC
(END) Dow Jones Newswires
May 04, 2020 09:26 ET (13:26 GMT)
Gunsynd (LSE:GUN)
Historical Stock Chart
From May 2024 to Jun 2024
Gunsynd (LSE:GUN)
Historical Stock Chart
From Jun 2023 to Jun 2024