Gunsynd PLC Result of GM, Issue of Equity and Director Dealing (5754R)
June 30 2020 - 9:39AM
UK Regulatory
TIDMGUN
RNS Number : 5754R
Gunsynd PLC
30 June 2020
Gunsynd plc
("Gunsynd" or the "Company")
Result of GM, Issue of Equity and Director Dealing
The Directors of Gunsynd (AIM: GUN, AQSE: GUN) announces that,
at the General Meeting of the Company held earlier today, the
resolutions put to the meeting were duly passed.
Issue of Equity
The Company announced on 11 June 2020 that it had raised
GBP600,000 by way of a placing of 92,307,692 Placing Shares with
existing and new investors at a placing price of 0.65 pence per
Placing Share. The placing consists of the Firm Placing and the
Conditional Placing.
At the GM of the Company held today, the Company sought
shareholder approval to grant the Directors authority to issue and
allot shares and grant rights to subscribe for shares in the
Company for the purposes of Section 551 of the Act up to a maximum
aggregate nominal amount of GBP212,500. Following the approval of
the resolutions, the Company has issued the 17,786,799 Conditional
Placing shares, 30,769,231 Placing Warrants and 2,769,231 broker
warrants, as detailed in the announcement of the 11 June 2020.
Director Dealing
As announced on 11 June 2020, Hamish Harris and Donald Strang,
Directors of the Company, have, on the same terms as the Placees,
subscribed for GBP39,000 in aggregate, being 6 million new ordinary
shares in the placing representing 6.5% of the total Placing
("Director Participation"). The Director Participation shares have
now been issued as part of the Conditional Placing. Further, as
participants in the placing on the same terms as the Placees,
Hamish Harris and Don Strang have each received Placing Warrants,
issued at one warrant for every three ordinary shares subscribed
for on the same terms as the Placees.
The shareholdings of the Directors in question both prior to and
subsequent to the Director Participation are as follows:
Director No. of Subscription Resultant % of issued
shares shares no. of shares share capital
Hamish Harris 1,161,476 2,000,000 3,161,476 1.90
---------- ------------- --------------- ---------------
Donald Strang 4,450,980 4,000,000 8,450,980 5.07
---------- ------------- --------------- ---------------
Admission to AIM
The Conditional Placing Shares will rank pari passu with the
existing Ordinary Shares and application has been made to the
London Stock Exchange for admission of the 17,786,799 Conditional
Placing shares to trading on AIM ("Admission"). Admission is
expected to occur at 8.00 a.m. on or around 1 July 2020.
Total voting rights
Following Admission, the Company's issued share capital will
comprise 166,828,585 Ordinary Shares with voting rights. The
Company does not hold any Ordinary Shares in treasury. The figure
of 166,828,585 Ordinary Shares may therefore 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 in their interest in, the share capital of
the Company under the FCA'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 Capital Limited
Lucy Williams +44 20 7469 0930
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
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 Chairman
b) Executive Director
------------------- --------------------------------------------------------------------------
b. Initial Initial
notification/
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 ISIN: GB00BMD6PM55
of instrument
Identification
Code
------------------- --------------------------------------------------------------------------
b. Nature of the Subscription for shares in placing and grant of
transaction warrant
------------------- --------------------------------------------------------------------------
c. Price(s) and Name Ordinary Ordinary Warrants Warrants
volume(s) Shares Shares Exercise Volume(s)
Price(s) Volume(s) Price(s)
------------------- ------------------- ------------ -----------
a) Hamish 0.65
Harris pence 2,000,000 1.3 pence 666,666
------------------- ------------ ----------- ---------- -----------
b) Donald 0.65
Strang pence 4,000,000 1.3 pence 1,333,333
------------------- ------------ ----------- ---------- -----------
d. Aggregated 6,000,000 ordinary shares
information 0.65 pence per share
- Aggregated
Volume 1,999,999 warrants
- Price 1.3 pence exercise price
------------------- --------------------------------------------------------------------------
e. Date of the 30/06/2020
transaction
------------------- --------------------- ------------------------ ---------- -------------
f. Place of the London Stock Exchange, AIM
transaction
------------------- --------------------------------------------------------------------------
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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