REG - Gunsynd PLC - Investee Company Update – Low 6

GunsyndAnnouncement

10/10/2023 07:00

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RNS Number : 4782P  Gunsynd PLC  10 October 2023

Gunsynd PLC

("Gunsynd" or the "Company")

 

Investee Company Update - Low 6

 

Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it has received
an update from its investee company Low 6 Limited ("Low 6").

 

Low 6 has reached a significant milestone by generating revenue of just under
£1m (unaudited) for the quarter ended 30 September 2023, and expects to
continue on its current trajectory during Q2. Its financial year runs from 1
July 23 to 30 June 24. Audited revenue for the year ended 30 June 2022 was
£854,851 and loss before tax was £18,350,342

 

Low 6 was successful in a Request for Proposal (RFP) process with 'OPTA' Stats
Perform.  Its work with OPTA focuses on the launch of multiple games based on
Premier League statistics.  Low6 also successfully launched products with
Oddschecker for the new English Premier League season and signed a significant
contract extension with Rush Street Interactive in North America for product
development over the next 18 months.

 

The Company invested approximately £265,000 in Low6 and holds 0.66% of Low6's
issued share capital.  More information on Low6 can be found at
https://low6.com/ (https://low6.com/) .

 

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                   +44 (0) 78 7958 4153

 Hamish Harris/ Peter Ruse

 Cairn Financial Advisers LLP  +44 (0) 20 7213 0880

 James Caithie / Liam Murray

 Peterhouse Capital Limited    +44 (0) 20 7469 0936

 Lucy Williams

 

 

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