Gunsynd PLC Employee Benefit Trust (8749Z)
26 May 2021 - 6:32PM
UK Regulatory
TIDMGUN
RNS Number : 8749Z
Gunsynd PLC
26 May 2021
Gunsynd plc
("Gunsynd" or the "Company")
Employee Benefit Trust
Gunsynd Plc (AIM: GUN, AQSE: GUN) previously announced on 26
January 2021 the finalisation of a Company employee benefit trust
called the Gunsynd Employee Benefit Trust ("EBT") which currently
holds 15,000,000 ordinary shares in the Company.
The Company today further announces that the trustees of the
EBT, LGL Trustees Jersey intend to subscribe for an additional
15,000,000 new ordinary shares ("New Ordinary Shares") in the
Company, at par value per New Ordinary Share at an aggregate cost
to the Company of GBP12,750. Such New Ordinary Shares will
represent approximately 3.4% of the issued share capital of the
Company following admission of the New Ordinary Shares. Following
admission of the New Ordinary Shares, the EBT will hold 30,000,000
ordinary shares representing approximately 7% of the issued share
capital of the Company.
Admission to AIM
Application will be made for the new ordinary shares which are
to be issued in respect of this subscription to be admitted to
trading on AIM ("Admission"). It is expected that Admission of the
New Ordinary Shares will become effective at 8.00 a.m. on or around
3 June 2021. The New Ordinary Shares will be issued credited as
fully paid and will rank in full for all dividends and other
distributions declared, made or paid after Admission and will
otherwise rank on Admission pari passu in all respects with the
existing ordinary shares.
Total Voting Rights
Following Admission, the Company's issued share capital will
comprise 440,711,896 Ordinary Shares with voting rights. The
Company does not hold any Ordinary Shares in treasury. The figure
of 440,711,896 Ordinary Shares may therefore be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's 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) 78 7958 4153
Cairn Financial Advisers LLP
James Caithie / Liam Murray / Mark Rogers +44 (0) 20 7213 0880
Peterhouse Capital Limited
Lucy Williams +44 (0) 20 7469 0936
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END
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May 26, 2021 04:32 ET (08:32 GMT)
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