Gunsynd PLC Grant of Options (6341E)

TIDMGUN

RNS Number : 6341E

Gunsynd PLC

12 February 2018

Gunsynd plc

("Gunsynd", or the "Company")

Grant of Options

The Company announces that it has agreed to grant 30 million share options to George Garnett, a non-executive director of the Company ("New Options").

Each New Option will entitle the holder to subscribe for a new ordinary share of 0.01p in the Company ("Shares") at an exercise price of 0.05 pence per Share (which represents a premium of 25 per cent over the closing mid-price of the Company on 9 February 2018) and are exercisable at any time within 5 years from the date of grant.

The table below sets out the directors' interest in the Company following this grant of options:-

 
                          George Garnett 
-----------------------  --------------- 
 Interest over shares     Nil 
-----------------------  --------------- 
 Interest over options    30,000,000 
-----------------------  --------------- 
 

The issued share capital of the Company comprises 4,882,924,490 ordinary shares.

Following the grant of the New Options, a total of 342,650,840 options and nil warrants are outstanding at the date of this notification, representing approximately 6.4% of its issued ordinary share capital.

The grant of the New Options is considered to be a related party transaction under the AIM Rules for Companies. Hamish Harris and Donald Strang, being directors of the Company who are not interested in the transaction, having consulted with Cairn Financial Advisers LLP, the Company's nominated adviser, considers that the terms of the New Options are fair and reasonable as far as the Company's shareholders are concerned.

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.

Contacts:-

 
 Gunsynd plc: 
                                      [phone] 
 Hamish Harris                         0640 
 
 Nominated Adviser / NEX Exchange 
  Corporate Adviser: 
 Cairn Financial Advisers LLP 
                                      [phone] 
 James Caithie/Liam Murray             0880 
 
 Joint Broker: 
 Peterhouse Corporate Finance 
                                      [phone] 
 Lucy Williams                         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 
------------------------------------------------------------------------- 
 Name                         George Henry Miller Garnett 
---------------------------  -------------------------------------------- 
 Reason for 
  notification 
---------------------------  -------------------------------------------- 
 Position/Status              Director 
---------------------------  -------------------------------------------- 
 Initial notification/        Initial 
  Amendment 
---------------------------  -------------------------------------------- 
 Details of the issuer, emission allowance market 
  participant, auction platform, auctioneer or 
  auction monitor 
------------------------------------------------------------------------- 
 Name                         Gunsynd PLC 
---------------------------  -------------------------------------------- 
 LEI 
                                              21380068N2D57QUG1L78 
---------------------------  -------------------------------------------- 
 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                  Ordinary shares of 0.01p each 
  of the financial 
  instrument, 
  type of instrument 
 
  Identification               GB00B4WKYH05 
  Code 
---------------------------  -------------------------------------------- 
 Nature of the                Grant of Options to subscribe 
  transaction                  for ordinary shares 
---------------------------  -------------------------------------------- 
 
 Price(s) and                  Price(s)              Volume(s) 
  volume(s) 
---------------------------   --------------------  ------------------ 
   Exercise 
    price of 
    0.05p per 
    share                                            30,000,000 
  ------------------------------------------------  ------------------ 
 
 Aggregated 
  information                   N/A 
 
  - Aggregated 
  Volume 
 
  - Price 
---------------------------  -------------------------------------------- 
 Date of the                  12 February 2018 
  transaction 
---------------------------  -------------------------------------------- 
 Place of the                 UK 
  transaction 
---------------------------  -------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 12, 2018 10:41 ET (15:41 GMT)