TIDMGUN
RNS Number : 3177H
Gunsynd PLC
02 December 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 13 November 2020 that it had raised
GBP1,130,00 by way of a placing of 113,000,000 Placing Shares with
existing and new investors at a placing price of 1 pence per
Placing Share. The placing consisted 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 GBP318,750. Following the approval of
the resolutions, the Company has issued the 56,393,211 Conditional
Placing shares and 56,500 Placing Warrants, as detailed in the
announcement of the 13 November 2020.
Director Dealing
As announced on 13 November 2020, Peter Ruse and Donald Strang,
Directors of the Company, have, on the same terms as the placees
above, subscribed for GBP30,000 in aggregate, being 3,000,000 new
ordinary shares in the Placing representing 2.7% of the total
Placing ("Director Participation"). The Director Participation
shares are being issued as part of the Conditional Placing.
Further, as participants in the Placing on the same terms as the
placees, Peter Ruse and Donald Strang will each receive Placing
Warrants, issued at one warrant for every two ordinary shares
subscribed for.
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
Peter Ruse 3,164,706 1,000,000 4,164,706 1.1
----------- ------------- --------------- ---------------
Donald Strang 10,820,211 2,000,000 12,820,211 3.5
----------- ------------- --------------- ---------------
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 56,393,211 Conditional
Placing shares to trading on AIM ("Admission"). Admission is
expected to occur at 8.00 a.m. on or around 4 December 2020.
Total voting rights
Following Admission, the Company's issued share capital will
comprise 367,367,047 Ordinary Shares with voting rights. The
Company does not hold any Ordinary Shares in treasury. The figure
of 367,367,047 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 (0) 78 7959 4153
Cairn Financial Advisers LLP
James Caithie / Liam Murray +44 (0) 20 7213 0880
Peterhouse Capital Limited
Lucy Williams +44 (0) 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) Peter Ruse
b) Donald Strang
------------------- --------------------------------------------------------------------------
2 Reason for notification
------- ------------------------------------------ ------------------------ ---------- -------------
a. Position/Status a) Non-Executive Director
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) Peter
Ruse 1 pence 1,000,000 2 pence 500,000
------------------- ------------ ----------- ---------- -----------
b) Donald
Strang 1 pence 2,000,000 2 pence 1,000,000
------------------- ------------ ----------- ---------- -----------
d. Aggregated 3,000,000 ordinary shares
information 1 pence per share
- Aggregated
Volume 1,500,000 warrants
- Price 2 pence exercise price
------------------- --------------------------------------------------------------------------
e. Date of the 02/12/2020
transaction
------------------- --------------------- ------------------------ ---------- -------------
f. Place of the London Stock Exchange, AIM
transaction
------------------- --------------------------------------------------------------------------
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END
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