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Last checked at 
7 Aug 2017 11:55
Gunsynd plc
("Gunsynd", or the "Company")
Grant of options
The Company announces that it has agreed to grant 150 million share options to Donald Strang and 150 million share options Hamish Harris ("New Options").
Each New Option will entitle the holder to subscribe for new ordinary shares of 0.01p each in the Company ("Shares") at an exercise price of 0.05 pence per Share and are exercisable at any time until 30 June 2022, which represents a premium of circa 11 per cent over the closing mid-price on 4 August 2017.
The table below sets out the directors' interest in the Company following this grant of options:-
Donald Strang
| Hamish Harris | |
Interest over shares | 57,058,823 (1.7%) | 48,725,490 (1.0%) |
Interest over options | 150,000,000 (3.1%) | 150,000,000 (3.1%) |
Fully diluted holding | 4.2% | 4.0% |
The issued share capital of the Company comprises 4,882,924,490 ordinary shares.
A total of 32,650,840 options and nil warrants are outstanding at the date of this notification.
Existing options over 10,000,000 ordinary shares issued to each of Donald Strang and Hamish Harris which vested on 2 April 2015 with an exercise price of 0.22 pence have been cancelled following the award of options noted above.
The grant of the New Options is considered to be a related party transaction under the AIM Rules for Companies. David Ormerod, non-executive director of the Company who is not interested with 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: |
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Hamish Harris |
| +44 (0) 20 7440 0640 |
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Nominated Adviser / NEX Exchange Corporate Adviser: |
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Cairn Financial Advisers LLP |
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James Caithie/Liam Murray |
| +44 (0) 20 7213 0880 |
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Joint Broker: |
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Peterhouse Corporate Finance |
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Lucy Williams | +44 (0) 20 7469 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 | Donald Ian George Layman Strang | ||||||
Reason for notification | |||||||
Position/Status | Director | ||||||
Initial notification/ Amendment | Initial | ||||||
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
Name | Gunsynd PLC | ||||||
LEI | |||||||
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 of the financial instrument, type of instrumentIdentification Code | Ordinary shares of 0.01p each | ||||||
Nature of the transaction | Grant of Options to subscribe for ordinary shares | ||||||
Price(s) and volume(s) | |||||||
Price(s) | Volume(s) | ||||||
Exercise price of 0.05p per share | 150,000,000 | ||||||
Aggregated information
- Aggregated Volume
- Price |
N/A
| ||||||
Date of the transaction | 7 August 2017 | ||||||
Place of the transaction | UK
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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 | Hamish Hamlyn Harris | ||||||
Reason for notification | |||||||
Position/Status | Director | ||||||
Initial notification/ Amendment | Initial | ||||||
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
Name | Gunsynd PLC | ||||||
LEI | |||||||
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 of the financial instrument, type of instrumentIdentification Code | Ordinary shares of 0.01p each | ||||||
Nature of the transaction | Grant of Options to subscribe for ordinary shares | ||||||
Price(s) and volume(s) | |||||||
Price(s) | Volume(s) | ||||||
Exercise price of 0.05p per share | 150,000,000 | ||||||
Aggregated information
- Aggregated Volume
- Price |
N/A | ||||||
Date of the transaction | 7 August 2017 | ||||||
Place of the transaction | UK
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