Gunsynd PLC Directors' Dealing (2912U)
16 January 2017 - 5:09PM
UK Regulatory
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:
+44 (0) 20 7440 0640
Hamish Harris
Nominated Adviser/NEX Exchange Corporate Adviser:
+44 (0) 20 7213 0880
Cairn Financial Advisers LLP
James Caithie / Sandy Jamieson
Peterhouse Corporate Finance (Joint Broker)
+44 (0)20 7469 0930
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)