Gunsynd PLC Directors' Dealing (2912U)

TIDMGUN

RNS Number : 2912U

Gunsynd PLC

16 January 2017

16 January 2017

Gunsynd plc

("Gunsynd" or the "Company")

Directors' Dealing

Gunsynd (AIM: GUN, ISDX: GUN) announces that two directors of the Company, Hamish Harris and Donald Strang have, now that they are no longer in possession of inside information relating to the share issues of 10 and 16 January 2017, each invested GBP20,000 in the Company by means of a subscription, resulting in the issue of 94,117,646 new shares of 0.01p each in the Company ("Placing Shares") at a placing price of 0.0425 pence per share (the "Directors' Placing").

Application is being made for the Directors' Placing Shares, which will, on issue, rank pari passu with the existing ordinary shares, to be admitted to trading on AIM and such admission is expected to occur on or around 20 January 2017. The Directors' 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 Chris Gordon, 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 3,757,924,490 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:

Gunsynd plc:

[phone]

Hamish Harris

Nominated Adviser/NEX Exchange Corporate Adviser:

[phone]

Cairn Financial Advisers LLP

James Caithie / Sandy Jamieson

Peterhouse Corporate Finance (Joint Broker)

[phone]

Lucy Williams

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 16, 2017 12:09 ET (17:09 GMT)