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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gunsynd Plc | LSE:GUN | London | Ordinary Share | GB00BMD6PM55 | ORD 0.085P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.12 | 0.11 | 0.13 | 0.12 | 0.12 | 0.12 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investment Advice | 149k | -1.71M | -0.0031 | -0.39 | 665.76k |
TIDMGUN
RNS Number : 0678F
Gunsynd PLC
24 October 2018
Gunsynd plc
("Gunsynd" or the "Company")
Human Brands Update
Gunsynd Plc (AIM: GUN, NEX: GUN) announces that it has been informed by its investee company, Human Brands International, Inc. ("Human Brands"), that it has made substantial progress towards preparing for a proposed listing on the Standard Segment of the Main Market of the London Stock Exchange including the near completion of both the last three years audits and legal due diligence.
In further recognition of the efforts of Gunsynd to assist with its proposed London Stock Exchange listing (the "Transaction"), Human Brands will, subject to completion of the Transaction, pay Gunsynd a fee equal to 4 per cent of its market capitalisation immediately following completion of the Transaction (previously 1%). This Fee shall be satisfied by the issue of such number of fully paid ordinary shares in Human Brands (post completion of the Transaction) at the listing price as equal 4 per cent of the issued share capital at admission.
Gunsynd has, to date, invested GBP289,000 in Human Brands via loan notes.
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 +44 20 7440 0640 Cairn Financial Advisers LLP James Caithie / Liam Murray +44 20 7213 0880 Peterhouse Corporate Finance Lucy Williams +44 20 7469 0930
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 rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
October 24, 2018 08:35 ET (12:35 GMT)
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