Gunsynd PLC Grant of Options (6341E)
13 February 2018 - 2:41AM
UK Regulatory
TIDMGUN
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:
+44 (0) 20 7440
Hamish Harris 0640
Nominated Adviser / NEX Exchange
Corporate Adviser:
Cairn Financial Advisers LLP
+44 (0) 20 7213
James Caithie/Liam Murray 0880
Joint Broker:
Peterhouse Corporate Finance
+44 (0) 20 7469
Lucy Williams 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/ Initial
Amendment
--------------------------- --------------------------------------------
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 Ordinary shares of 0.01p each
of the financial
instrument,
type of instrument
Identification GB00B4WKYH05
Code
--------------------------- --------------------------------------------
Nature of the Grant of Options to subscribe
transaction for ordinary shares
--------------------------- --------------------------------------------
Price(s) and Price(s) Volume(s)
volume(s)
--------------------------- -------------------- ------------------
Exercise
price of
0.05p per
share 30,000,000
------------------------------------------------ ------------------
Aggregated
information N/A
- Aggregated
Volume
- Price
--------------------------- --------------------------------------------
Date of the 12 February 2018
transaction
--------------------------- --------------------------------------------
Place of the UK
transaction
--------------------------- --------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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