Gunsynd PLC Update on Oyster Transaction (6204M)
May 12 2020 - 4:00AM
UK Regulatory
TIDMGUN
RNS Number : 6204M
Gunsynd PLC
12 May 2020
Gunsynd PLC
("Gunsynd" or the "Company")
Update on Oyster Transaction
Gunsynd (AIM: GUN, AQSE: GUN) announces that further to the
announcement made on 29 November 2019, the Company has agreed with
Sajawin Pty Limited ("Sajawin") to extend the deadline for the
unmet Conditions Precedent of the Term Sheet, through a share
purchase variation agreement term sheet ("Variation Term Sheet"),
from 30 April 2020 to 30 October 2020.
If any of the Conditions Precedent are not satisfied by 30
October 2020, then either Party may terminate the Term Sheet and
the Variation Term Sheet at which time the Parties' rights and
obligations under the Term Sheet and the Variation Term Sheet will
immediately cease and Gunsynd will immediately return the initial
payments to Sajawin.
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
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