Gunsynd PLC New Investment - Media Tech SPAC PLC (0456W)
April 21 2021 - 2:00AM
UK Regulatory
TIDMGUN
RNS Number : 0456W
Gunsynd PLC
21 April 2021
Gunsynd plc
("Gunsynd" or the "Company")
New Investment - Media Tech SPAC PLC
Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it
has invested GBP50,000 in Media Tech SPAC PLC ("MTS"), a public
unlisted special purpose acquisition company.
The MTS investment was executed on the following terms:
-- subscription for 1,250,000 ordinary shares at 4 pence per
share for a total consideration of GBP50,000 ;
-- Gunsynd's investment is a part of a of GBP1,640,000 capital
raising supported by institutional and high net worth UK investors
;
-- f ollowing this capital raising MTS will have 82,500,000
ordinary shares i n issue for a pro-forma equity valuation of
approximately GBP3,300,000; and
-- f unds from this capital raising will be used to fund on
going due diligence expenses associated with the company's
ambitions to facilitate an acquisition which may include businesses
within the e-commerce, new media and/or immersive experiences
sector(s). MTS has ambitions to carry out an IPO on London Stock
Exchange during the second half of 2021.
About Media Tech SPAC PLC
Media Tech SPAC PLC (MTS PLC) is a special purpose acquisition
company, the company has been formed to acquire Companies within
the media & technology space. MTS PLC is focused on the key
areas at the convergence of new economic and content models that
address the delivery of digital services to consumers, e-commerce,
new media and immersive experiences. MTS has partnerships with
Riverfort Global Capital and Sure Valley Ventures who will provide
a deal flow. MTS PLC is led by CEO John Mahtani, Non-Executive
Chairman Rick Senat and Chief Media Officer Celia Li.
Peter Ruse, a director of Gunsynd, commented: "Gunsynd is
pleased to have the opportunity to participate in the financing for
Media Tech SPAC PLC ("MTS"). MTS is a special purpose acquisition
company that has been established to acquire companies within the
technology and media sectors. I have been particularly impressed
with the high-profile board of directors that has been assembled at
MTS, which aims to deliver an exciting acquisition for
shareholders. With the depth of experience on offer, I feel
confident on the MTS team's ability to execute and generate
tangible value via a future acquisition(s)."
John Mahtani, CEO of MTS PLC, commented: "MTS PLC is delighted
to welcome the participation of Gunsynd PLC in our pre-IPO fund
raise. We have received overwhelming interest from investors and
companies since the inception of the company. We believe at MTS,
together with our partners Riverfort Global Capital and Sure Valley
Ventures, we'll deliver attractive returns for our investors. "
Forward Looking Statements
This announcement contains forward-looking statements relating
to expected or anticipated future events and anticipated results
that are forward-looking in nature and, as a result, are subject to
certain risks and uncertainties, such as general economic, market
and business conditions, competition for qualified staff, the
regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political
jurisdiction, uncertainties regarding the results of exploration,
uncertainties regarding the timing and granting of prospecting
rights, uncertainties regarding the Company's ability to execute
and implement future plans, and the occurrence of unexpected
events. Actual results achieved may vary from the information
provided herein as a result of numerous known and unknown risks and
uncertainties and other factors.
For further information please contact:
Gunsynd plc
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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