GUN Gunsynd Plc

TIDMGUN

RNS Number : 4782P

Gunsynd PLC

10 October 2023

Gunsynd PLC

("Gunsynd" or the "Company")

Investee Company Update - Low 6

Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it has received an update from its investee company Low 6 Limited ("Low 6").

Low 6 has reached a significant milestone by generating revenue of just under GBP1m (unaudited) for the quarter ended 30 September 2023, and expects to continue on its current trajectory during Q2. Its financial year runs from 1 July 23 to 30 June 24. Audited revenue for the year ended 30 June 2022 was GBP854,851 and loss before tax was GBP18,350,342

Low 6 was successful in a Request for Proposal (RFP) process with 'OPTA' Stats Perform. Its work with OPTA focuses on the launch of multiple games based on Premier League statistics. Low6 also successfully launched products with Oddschecker for the new English Premier League season and signed a significant contract extension with Rush Street Interactive in North America for product development over the next 18 months.

The Company invested approximately GBP265,000 in Low6 and holds 0.66% of Low6's issued share capital. More information on Low6 can be found at https://low6.com/ .

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

The Directors of Gunsynd accept responsibility for 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   +44 (0) 20 7213 0880 
 
Peterhouse Capital Limited 
 Lucy Williams                 +44 (0) 20 7469 0936 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDFSWFWUEDSEES

(END) Dow Jones Newswires

October 10, 2023 02:00 ET (06:00 GMT)

Gunsynd (LSE:GUN)
Historical Stock Chart
From Apr 2024 to May 2024

Gunsynd (LSE:GUN)
Historical Stock Chart
From May 2023 to May 2024