Grant of Options

RNS Number : 4859U

Gunsynd PLC

29 July 2020

 

Gunsynd Plc

("Gunsynd" or the "Company")

Grant of Options

Gunsynd (AIM: GUN, AQSE: GUN) announces that it has granted options to Peter Ruse, a Non-executive Director of the Company, to subscribe for 6,350,000 new ordinary shares.

Details of the options are set out below:

Exercise price:	1p*
Exercise period:	From date of grant to 28 July 2023

*being a premium of 25 per cent. over mid closing price on 28 July 2020

The options represent approximately 2.5 per cent. of the Company's issued ordinary share capital.

The table below sets out Mr Ruse's interest in the Company following this grant of options:

Interest over shares	3,164,706
Interest over options	6,350,000
Interest over warrants	800,000

The issued share capital of the Company comprises 254,367,047 ordinary shares.

Following the grant of the options detailed above, a total of 10,251,398 options and 62,717,950 warrants are outstanding at the date of this notification, representing approximately 28.7 per cent. of the Company's issued ordinary share capital.

The grant of options as set out above (the "Transaction") is deemed to be a related party transaction under the AIM Rules for Companies.  Hamish Harris and Donald Strang, being Directors of the Company independent of the Transaction, having consulted with Cairn Financial Advisers LLP, the Company's nominated adviser, consider the terms of the Transaction to be fair and reasonable insofar as the shareholders are concerned.

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 Hamish Harris	[phone]
Cairn Financial Advisers LLP James Caithie / Liam Murray / Mark Rogers	[phone]
Peterhouse Capital Ltd Lucy Williams	[phone]

 

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