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REG - Gunsynd PLC - Issue of Equity - Placing

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RNS Number : 7702V  Gunsynd PLC  05 December 2023

5 December 2023

Gunsynd PLC

("Gunsynd" or the "Company")

Issue of Equity - Placing

Gunsynd (AIM: GUN; AQSE: GUN) announces it has raised gross proceeds of
£210,000 through the issue of 105,000,000 new ordinary shares of 0.085 pence
("Placing Shares") each at a price of 0.20 pence per Placing Share (the
"Placing Price") (the "Placing").

The net proceeds of the Placing will provide the Company with additional
funding for general working capital, progressing its activities and making
investments in line with its stated investing policy.

Admission

 

Application will be made to the London Stock Exchange to admit the Placing
Shares to trading on AIM ("Admission"). Admission of the new ordinary shares
is expected to occur on or around 12th December 2023. The Placing Shares will
rank pari passu with the existing ordinary shares.

 

Total Voting Rights

For the purpose of the Disclosure and Transparency Rules, following Admission,
the enlarged issued share capital of the Company will comprise 554,796,506
ordinary shares of 0.085p each. The above figure may be used by shareholders
as the denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change to their interest in,
the Company, under the Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

For further information please contact:

  Gunsynd plc

 Hamish Harris/ Peter Ruse                    +44 (0)7879 584 153

  www.gunsynd.com (http://www.gunsynd.com)

 Cairn Financial Advisers LLP

 James Caithie / Liam Murray                  +44 (0)20 7213 0880

 Peterhouse Capital Limited

 Lucy Williams                                +44 (0)20 7469 0936

 

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