TIDMGUN

RNS Number : 4595C

Gunsynd PLC

13 April 2017

Gunsynd plc

("Gunsynd", or the "Company")

Payment from Integumen plc

On 26 February 2014, the Company (then called Evocutis plc) announced that it was, subject to shareholder approval, disposing of certain intellectual property assets to Venn Life Sciences plc (the "Purchaser") (the "Disposal"). As part of the terms of the Disposal, the Company was entitled to receive additional potential consideration based on future net sales made by the Purchaser.

Subsequently, on 20 February 2015, the Purchaser sold the intellectual property assets the subject of the Disposal to Innovenn, which is a subsidiary of Integumen plc ("Integumen"), which was admitted to trading on AIM on 5 April 2017. Integumen has agreed to pay GBP3,000 and has also issued 300,000 new ordinary shares in Integumen to the Company at a price of 5 pence per new ordinary share, in full and final settlement of any rights to additional consideration.

The directors of Gunsynd accept responsibility for this announcement.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 
  Gunsynd plc: 
                              +44 (0) 20 7440 
 Hamish Harris                 0640 
 
 Nominated Adviser 
  / NEX Exchange Corporate 
  Adviser: 
 Cairn Financial 
  Advisers LLP 
 James Caithie/Liam           +44 (0) 20 7213 
  Murray                       0880 
 
 Joint Broker: 
 Peterhouse Corporate 
  Finance 
                              +44 (0) 20 7469 
 Lucy Williams                 0930

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 13, 2017 05:40 ET (09:40 GMT)

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