Gunsynd PLC Grant of Options - Director Dealings (2475X)
August 26 2020 - 11:35AM
UK Regulatory
TIDMGUN
RNS Number : 2475X
Gunsynd PLC
26 August 2020
Gunsynd Plc
("Gunsynd" or the "Company")
Grant of Options
Gunsynd (AIM: GUN, AQSE: GUN) announces that options ("the
Options") over a total of 19,000,000 new ordinary shares in the
capital of the Company ("Ordinary Shares") were awarded on 26
August 2020 at an exercise price of 1 pence (being a premium of 14%
per cent. over the mid closing price on 25 August 2020). The
Options vest immediately and will expire in 3 years from the date
of grant.
The Options represent approximately 7.47 per cent. of the
Company's current issued ordinary share capital. They have been
issued to two Directors of the Company, Hamish Harris and Donald
Strang (16,000,000 in total) and to consultants (3,000,000).
The issued share capital of the Company comprises 254,367,047
ordinary shares.
Following the grant of the Options detailed above, a total of
29,251,398 options and 62,717,950 warrants are outstanding at the
date of this notification, representing approximately 36.2 per
cent. of the Company's issued ordinary share capital.
The table below sets out the directors' interest in the Company
following this grant of Options:
Hamish Harris Donald Strang
Interest in ordinary shares 3,161,476 10,820,211
-------------- --------------
Interest in warrants 666,667 2,123,077
-------------- --------------
Interest in existing options 1,764,706 1,764,706
-------------- --------------
New Options granted 8,000,000 8,000,000
-------------- --------------
The grant of Options as set out above to Hamish Harris and
Donald Strang (the "Transaction") is deemed to be a related party
transaction under the AIM Rules for Companies as Hamish Harris and
Donald Strang are Directors of the Company. Peter Ruse being a
Non-executive Director 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
of the Company 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/Peter Ruse +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
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 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
of instrument
ISIN: GB00BMD6PM55
Identification
Code
--------------------------------- ------------------------------------------------------------------------
b. Nature of the Grant of share options at an exercise price
transaction of 1p
--------------------------------- ------------------------------------------------------------------------
c. Price(s) and volume(s) Name Volume(s) Exercise
Price (p)
---------------------------------
a) Hamish Harris 8,000,000 1p
----------------------- ---------- --------------------------------
b) Donald Strang 8,000,000 1p
----------------------- ---------- --------------------------------
d. Aggregated information
- Aggregated Volume 16,000,000
- Price Exercise price 1.1p
--------------------------------- ------------------------------------------------------------------------
e. Date of the transaction 26/08/2020
--------------------------------- ------------------------------------------------------------------------
f. Place of the transaction London Stock Exchange, AIM
--------------------------------- ------------------------------------------------------------------------
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END
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