Gunsynd PLC Grant of Options (4859U)
July 29 2020 - 5:49AM
UK Regulatory
TIDMGUN
RNS Number : 4859U
Gunsynd PLC
29 July 2020
Gunsynd Plc
("Gunsynd" or the "Company")
Grant of Options
Gunsynd (AIM: GUN, AQSE: GUN) announces that it has granted
options to Peter Ruse, a Non-executive Director of the Company, to
subscribe for 6,350,000 new ordinary shares.
Details of the options are set out below:
Exercise price: 1p*
Exercise period: From date of grant to 28 July 2023
*being a premium of 25 per cent. over mid closing price on 28
July 2020
The options represent approximately 2.5 per cent. of the
Company's issued ordinary share capital.
The table below sets out Mr Ruse's interest in the Company
following this grant of options:
Interest over shares 3,164,706
Interest over options 6,350,000
Interest over warrants 800,000
The issued share capital of the Company comprises 254,367,047
ordinary shares.
Following the grant of the options detailed above, a total of
10,251,398 options and 62,717,950 warrants are outstanding at the
date of this notification, representing approximately 28.7 per
cent. of the Company's issued ordinary share capital.
The grant of options as set out above (the "Transaction") is
deemed to be a related party transaction under the AIM Rules for
Companies. Hamish Harris and Donald Strang, being Directors of the
Company independent of the Transaction, having consulted with Cairn
Financial Advisers LLP, the Company's nominated adviser, consider
the terms of the Transaction to be fair and reasonable insofar as
the 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.
For further information, please contact:
Gunsynd plc
Hamish Harris +44 (0) 78 7958 4153
Cairn Financial Advisers LLP
James Caithie / Liam Murray / Mark Rogers +44 (0) 20 7213 0880
Peterhouse Capital Ltd
Lucy Williams +44 (0) 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
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