Gunsynd PLC Update on Employee Benefit Trust (9560M)
January 26 2021 - 9:39AM
UK Regulatory
TIDMGUN
RNS Number : 9560M
Gunsynd PLC
26 January 2021
Gunsynd plc
("Gunsynd" or the "Company")
Update on Employee Benefit Trust
Gunsynd Plc (AIM: GUN, AQSE: GUN) previously announced on 13
November 2020 that it was in the process of establishing an
employee benefit trust called the Gunsynd Employee Benefit Trust
("EBT").
The Company today announces that the trustees of the EBT, LGL
Trustees Jersey, have now established the EBT and intend to
subscribe for 15,000,000 new ordinary shares ("New Ordinary
Shares") in the Company, at par value per New Ordinary Share at an
aggregate cost to the Company of GBP12,750. Such New Ordinary
Shares will represent approximately 3.7% of the issued share
capital of the Company following admission of the New Ordinary
Shares.
Admission to AIM
Application will be made for the New Ordinary Shares which are
to be issued in respect of this subscription to be admitted to
trading on AIM ("Admission"). It is expected that Admission of the
New Ordinary Shares will become effective at 8.00 a.m. on or around
1 February 2021. The New Ordinary Shares will be issued credited as
fully paid and will rank in full for all dividends and other
distributions declared, made or paid after Admission and will
otherwise rank on Admission pari passu in all respects with the
existing ordinary shares.
Total Voting Rights
Following Admission, the Company's issued share capital will
comprise 401,341,400 Ordinary Shares with voting rights. The
Company does not hold any Ordinary Shares in treasury. The figure
of 401,341,400 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 / Peter Ruse +44 (0) 78 7958 4153
Cairn Financial Advisers LLP
James Caithie / Liam Murray / Mark Rogers +44 (0) 20 7213 0880
Peterhouse Capital Limited
Lucy Williams +44 (0) 20 7469 0936
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END
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