Issue of Equity

RNS Number : 3761M

Gunsynd PLC

12 October 2016

 

Gunsynd Plc

("Gunsynd" or the "Company")

Issue of Equity

Gunsynd (AIM: GUN, ISDX: GUN) announces that it has raised £300,000, gross of expenses, through the issue of 545,454,545 new shares of 0.01p each in the Company ("Placing Shares") at a placing price of 0.055 pence per share with certain private investors ("the "Placing"). This Placing is to raise funds to assist in progressing possible investment opportunities that the company is currently looking at.

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 such admission is expected to occur on or around 18 October 2016. The Placing Shares will be admitted to trading on ISDX simultaneously with the admission to AIM.

The Company will therefore have 1,770,130,373 Ordinary Shares in issue with voting rights and admitted to trading on AIM and ISDX. 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.

The directors of Gunsynd accept responsibility for this announcement.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Evocutis Plc Hamish Harris, Executive Director Cairn Financial Advisers LLP James Caithie/Liam Murray	[phone] www.evocutis.com [phone] www.cairnfin.com
Peterhouse Corporate Finance Duncan Vasey/Lucy Williams	[phone]  http://pcorpfin.com/

 

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