Investment in Pires Investments

RNS Number : 7517R

Gunsynd PLC

13 December 2016

 

Gunsynd plc

("Gunsynd" or the "Company")

Investment in Pires Investments

Gunsynd  Plc (AIM: GUN; ISDX: GUN) announces that it has purchased a total of 1,700,000 shares in Pires Investments plc ("Pires"), an investing company admitted to trading on AIM.  This represents approximately 5.01% of the outstanding number of shares of Pires and the approximate consideration paid was £56,000.

Hamish Harris, executive Chairman of the Company, commented: "This investment by Gunsynd provides a significant stake in an AIM listed cash shell at a valuation we believe provides for decent upside potential."

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

Donald Strang

Nominated Adviser/ISDX Corporate Adviser: [phone]

Cairn Financial Advisers LLP                                       

James Caithie / Liam Murray

Peterhouse Corporate Finance (Joint Broker)    [phone] 

Lucy Williams

 

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