Issue of Equity

RNS Number : 2898U

Gunsynd PLC

16 January 2017

 

16 January 2017

Gunsynd plc

("Gunsynd" or the "Company")

CORRECTION - Issue of Equity

The following replaces the "Issue of Equity" announcement 2875U released at 16:34 on 16 January 2016.  The correction relates to the number of shares to be issued (141,176,471) and the shares in issue following the issue of equity (3,663,806,844). All other information remains unchanged.

Further to its announcement of 10 January, Gunsynd (AIM: GUN, ISDX: GUN) announces that it has, in order to fulfil excess demand, raised £60,000, gross of expenses, through the issue of 141,176,471 new shares of 0.01p each in the Company ("Placing Shares") at a placing price of 0.0425 pence per share with a single existing shareholder ("the "Placing").

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 20 January 2017. The Placing Shares will be admitted to trading on NEX Exchange simultaneously with the admission to AIM.

The Company will therefore have 3,663,806,844 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:

[phone]

Hamish Harris

Nominated Adviser/NEX Exchange Corporate Adviser:

[phone]

Cairn Financial Advisers LLP

James Caithie / Sandy Jamieson

Peterhouse Corporate Finance (Joint Broker)

[phone]

Lucy Williams

 

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