Update on Oyster Transaction

RNS Number : 6204M

Gunsynd PLC

12 May 2020

 

Gunsynd PLC

("Gunsynd" or the "Company")

Update on Oyster Transaction

Gunsynd (AIM: GUN, AQSE: GUN) announces that further to the announcement made on 29 November 2019, the Company has agreed with Sajawin Pty Limited ("Sajawin") to extend the deadline for the unmet Conditions Precedent of the Term Sheet, through a share purchase variation agreement term sheet ("Variation Term Sheet"), from 30 April 2020 to 30 October 2020.

If any of the Conditions Precedent are not satisfied by 30 October 2020, then either Party may terminate the Term Sheet and the Variation Term Sheet at which time the Parties' rights and obligations under the Term Sheet and the Variation Term Sheet will immediately cease and Gunsynd will immediately return the initial payments to Sajawin.

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	[phone]
Peterhouse Corporate Finance Lucy Williams	[phone]

 

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