Update - Low 6 Limited

RNS Number : 8440U

Gunsynd PLC

08 April 2021

 

Gunsynd plc

("Gunsynd" or the "Company")

Update - Low 6 Limited

Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce an update for its investee company Low 6 Limited ("Low6"), a UK-based, influencer-led, B2B pool betting platform for franchises around the world. Low6 offers a white-label pool betting platform for professional sports franchises.

User Base

Low6 now have over 122,000 users.  85% of the users are Gen Z and Millennials - a target demographic of many gaming companies worldwide. Its PubWars apps went into soft launch on the 1 April 2021.  The soft launch is a 4 week period where user numbers are limited, feedback is collated, and changes made to game play.  In the first 7 days of soft launch over 2,000 entries were made, and circa £2,000 wagered.

Low6's Uber Eats Weekly 7 game has also gone live and, since the previous shareholder update, Low6 has signed a number of new partners, including Hull City FC, IFL TV, WTF1. Discussions are on-going with other potential US partners. 

Fundraising

As previously announced Low6 extended the Pre-IPO round to allow a very well respected figure in the worldwide gaming industry to invest a significant sum in Low6 and join the advisory board from the IPO.  This has all been completed as expected.

IPO

Low6's IPO plans remain on track, with a listing expected in Q2. 

Peter Ruse, Gunsynd Plc Director, commented: "We continue to be impressed with Low6's progress since our investments in late 2020 and February 2021. The business continues to significantly increase users as it rolls out new apps in partnership with globally renown sporting brands and work with new influencer partners. A with the additional funding and the IPO event due to occur this quarter, it's exciting to see how the team can scale the business further."

About Low6 Limited

Low6 Limited a next generation sports betting platform. Further information can be found at https://low6.co.uk

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of unexpected events.  Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

The Directors of Gunsynd accept responsibility for this announcement.

For further information please contact:

Gunsynd plc Hamish Harris / Peter Ruse	[phone]
Cairn Financial Advisers LLP James Caithie / Liam Murray	[phone]
Peterhouse Capital Limited Lucy Williams	[phone]

 

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