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Gunsynd PLC - Grant of Options
RNS Number : 6341E
Gunsynd PLC
12 February 2018
 

Gunsynd plc

("Gunsynd", or the "Company")

Grant of Options

The Company announces that it has agreed to grant 30 million share options to George Garnett, a non-executive director of the Company ("New Options").

 

Each New Option will entitle the holder to subscribe for a new ordinary share of 0.01p in the Company ("Shares") at an exercise price of 0.05 pence per Share (which represents a premium of 25 per cent over the closing mid-price of the Company on 9 February 2018) and are exercisable at any time within 5 years from the date of grant.

 

The table below sets out the directors' interest in the Company following this grant of options:-

 

George Garnett

 

Interest over shares

Nil

Interest over options

30,000,000

 

 

The issued share capital of the Company comprises 4,882,924,490 ordinary shares.

 

Following the grant of the New Options, a total of 342,650,840 options and nil warrants are outstanding at the date of this notification, representing approximately 6.4% of its issued ordinary share capital.

 

The grant of the New Options is considered to be a related party transaction under the AIM Rules for Companies.  Hamish Harris and Donald Strang, being directors of the Company who are not interested in the transaction, having consulted with Cairn Financial Advisers LLP, the Company's nominated adviser, considers that the terms of the New Options are fair and reasonable as far as the Company's shareholders are concerned.

 

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.

 

Contacts:-

 

Gunsynd plc:

 

 

Hamish Harris

 

+44 (0) 20 7440 0640

 

 

 

Nominated Adviser / NEX Exchange Corporate Adviser:

 

 

Cairn Financial Advisers LLP

 

 

James Caithie/Liam Murray

 

+44 (0) 20 7213 0880

 

 

 

Joint Broker:

 

 

Peterhouse Corporate Finance

 

 

Lucy Williams


+44 (0) 20 7469 0930

 

 

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

Details of the person discharging managerial responsibilities/person closely associated

Name

George Henry Miller Garnett

Reason for notification


Position/Status

Director

Initial notification/

Amendment

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Gunsynd PLC

LEI

               

21380068N2D57QUG1L78

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument

Identification Code

Ordinary shares of 0.01p each


 

GB00B4WKYH05

Nature of the transaction

Grant of Options to subscribe for ordinary shares

Price(s) and volume(s)







Price(s)

Volume(s)


Exercise price of 0.05p per share

30,000,000



Aggregated information

 

- Aggregated Volume

 

- Price

 

N/A

 

Date of the transaction

12 February 2018

Place of the transaction

UK

 

 

 

 


This information is provided by RNS
The company news service from the
 
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