Guscio plc / Index: AIM / Epic: GUSC.L / Sector: Software
6 July 2016
Guscio plc
(“Guscioâ€, the “Company†or the “Groupâ€)
Issue of Equity
Guscio plc, the technology company focused on programmes in physical literacy and sporting assessment, announces that it has issued 125,000 new ordinary shares of 0.1 pence (“Ordinary Sharesâ€) at a price of 4 pence per share as payment to an adviser in lieu of fees. The issue price is the price at which the Company’s most recent fundraising was completed on 24 May 2016.
Application will be made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM (“Admissionâ€). The shares will rank pari passu in all respects with the Company's existing Ordinary Shares. It is expected that Admission will become effective and that trading in the new Ordinary Shares will commence at 8.00am on or around 12 July 2016.
Total voting rights
Following Admission of the above new Ordinary Shares, the Company's enlarged issued share capital will comprise of 135,304,535 Ordinary Shares of 0.1 pence each with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
**ENDS**
For further information, please visit http://www.guscioplc.com/ or contact:
Gail Ganney Richard Thompson |
Guscio plc | Tel: +44 (0) 1707 659111 |
Duncan Vasey Lucy Williams |
Peterhouse Corporate Finance | Tel: +44 (0) 20 7220 9797 |
Virginia Bull James Reeve Liz Kirchner Graham Bell |
Allenby Capital Limited | Tel: +44 (0) 20 3328 5659 |
Lottie Brocklehurst Grace-Anne Marius |
St Brides Partners | Tel: +44 (0) 20 7236 1177 |
Notes to Editors
Guscio plc is an AIM quoted company. Its strategy is to develop technology platforms focused on physical literacy and active learning for young people and for the assessment of progress in sport. The Directors believe that the Company has a first-mover advantage through its two revenue generating subsidiaries, which have proprietary technology in this sector:
Importantly, it has a key partner in the Youth Sport Trust, a leading independent charity devoted to changing young people’s lives through sport.