Issue of Equity
("Gunsynd" or the "Company")
Issue of Equity
Gunsynd (AIM: GUN, NEX: GUN) announces that two directors of the Company, Hamish Harris and Donald Strang, have each invested £18,500 in the Company by means of a subscription, resulting in the issue of 100,000,000 new shares of 0.01p each in the Company ("Placing Shares") at a placing price of 0.037 pence per share (the "Directors' Placing").
These directors were not able to participate in the Company's last placing (announced on 10 June 2019) due to normal market rules, however they now do so on the same terms as the placing, namely at a price of 0.037 pence per share.
Application is being made for the Placing Shares, which will, on issue, rank pari passu with the existing ordinary shares, to be admitted to trading on AIM and NEX and as such admission is expected to occur on or around 28 June 2019. The Placing Shares will be admitted to trading on NEX Exchange simultaneously with the admission to AIM.
The Directors' Placing is deemed to be a Related Party Transaction for the purposes of Rule 13 of the AIM Rules. Mr George Garnett, being the sole independent director of the Company for the purposes of the Directors' Placing, considers, having consulted with the Company's Nominated Adviser, that the terms of Directors' Placing are fair and reasonable in so far as the Shareholders are concerned.
The Company will therefore have 6,334,275,841 Ordinary Shares in issue with voting rights and admitted to trading on AIM and NEX Exchange. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority'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:
+44 (0) 20 7440 0640
Nominated Adviser/NEX Exchange Corporate Adviser:
+44 (0) 20 7213 0880
Cairn Financial Advisers LLP
James Caithie / Liam Murray
Peterhouse Corporate Finance (Joint Broker)
+44 (0)20 7469 0930
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
Details of the person discharging managerial responsibilities/person closely associated
a) Hamish Harris
b) Donald Strang
Reason for notification
a) Executive Director
b) Executive Director
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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
Description of the financial instrument, type of instrument
Nature of the transaction
On market Purchase
Price(s) and volume(s)
- Aggregated Volume
Date of the transaction
Place of the transaction
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 [email protected] or visit www.rns.com.