Gunsynd PLC Human Brands Update (0678F)
24 October 2018 - 11:35PM
UK Regulatory
TIDMGUN
RNS Number : 0678F
Gunsynd PLC
24 October 2018
Gunsynd plc
("Gunsynd" or the "Company")
Human Brands Update
Gunsynd Plc (AIM: GUN, NEX: GUN) announces that it has been
informed by its investee company, Human Brands International, Inc.
("Human Brands"), that it has made substantial progress towards
preparing for a proposed listing on the Standard Segment of the
Main Market of the London Stock Exchange including the near
completion of both the last three years audits and legal due
diligence.
In further recognition of the efforts of Gunsynd to assist with
its proposed London Stock Exchange listing (the "Transaction"),
Human Brands will, subject to completion of the Transaction, pay
Gunsynd a fee equal to 4 per cent of its market capitalisation
immediately following completion of the Transaction (previously
1%). This Fee shall be satisfied by the issue of such number of
fully paid ordinary shares in Human Brands (post completion of the
Transaction) at the listing price as equal 4 per cent of the issued
share capital at admission.
Gunsynd has, to date, invested GBP289,000 in Human Brands via
loan notes.
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.
For further information please contact:
Gunsynd plc
Hamish Harris +44 20 7440 0640
Cairn Financial Advisers LLP
James Caithie / Liam Murray +44 20 7213 0880
Peterhouse Corporate Finance
Lucy Williams +44 20 7469 0930
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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