Update re: FastBase

RNS Number : 1109P

Gunsynd PLC

24 May 2018

 

Gunsynd plc

("Gunsynd" or the "Company")

Update re: FastBase

Further to the announcement of 2 February 2018 regarding Fastbase, Inc. ("FastBase"), a privately owned Danish SaaS (software as a service) company which Gunsynd is assisting with its proposed admission to trading on AIM, the Company has been provided with the following update by FastBase:

The proposed admission to trading on AIM of FastBase, which had previously been stated to be targeted for Q2 2018, has been delayed by a number of factors including a potential corporate transaction and the development of new software.  In addition, FastBase is considering admission to the Standard Segment of the Main Market of the London Stock Exchange as a possible alternative to AIM but a final decision has yet to be made.  A regulatory advisor for the admission to the London Stock Exchange has yet to be appointed.  A further announcement will be made in due course.

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.

Hamish Harris commented:  "It is important for shareholders to understand that whilst we maintain regular dialogue with the companies we are involved with, with respect to potential transactions, decisions are ultimately made by those companies regarding timing and transaction details."

Contacts:-

Gunsynd plc:
Hamish Harris	[phone]
Nominated Adviser / NEX Exchange Corporate Adviser:
Cairn Financial Advisers LLP
James Caithie/Liam Murray	[phone]
Broker:
Peterhouse Corporate Finance
Lucy Williams	[phone]

 

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