Completion of Disposal of Interest in HHDL to UKOG

RNS Number : 7860B

Gunsynd PLC

25 September 2018

 

Gunsynd plc

("Gunsynd" or the "Company")

Completion of Disposal of Interest in HHDL to UKOG PLC

Further to the announcements of 20 and 30 August 2018, Gunsynd plc (AIM: GUN, NEX: GUN) announces completion of the disposal of its 2% interest in Horse Hill Developments Limited ("HHDL") to UK Oil and Gas plc ("UKOG").

The conditions precedent to the Sale and Purchase Agreement ("SPA") have now been fulfilled and the Company will now receive £50,000 in cash and 31,171,898 UKOG shares in fulfilment of the share consideration.  It is expected that the 31,171,898 UKOG shares will be admitted to trading on or around 28 September 2018.

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

The directors of Gunsynd accept responsibility for this announcement.

For further information please contact:

Gunsynd plc Hamish Harris	[phone]
Cairn Financial Advisers LLP James Caithie / Liam Murray	[phone]
Peterhouse Corporate Finance Lucy Williams	[phone]

 

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