GUNSYND PLC

AGM Information • Jun 30, 2020

National Storage Mechanism | Additional information

RNS Number : 5754R

Gunsynd PLC

30 June 2020

Gunsynd plc

("Gunsynd" or the "Company")

Result of GM, Issue of Equity and Director Dealing

The Directors of Gunsynd (AIM: GUN, AQSE: GUN) announces that, at the General Meeting of the Company held earlier today, the resolutions put to the meeting were duly passed.

Issue of Equity

The Company announced on 11 June 2020 that it had raised £600,000 by way of a placing of 92,307,692 Placing Shares with existing and new investors at a placing price of 0.65 pence per Placing Share. The placing consists of the Firm Placing and the Conditional Placing.

At the GM of the Company held today, the Company sought shareholder approval to grant the Directors authority to issue and allot shares and grant rights to subscribe for shares in the Company for the purposes of Section 551 of the Act up to a maximum aggregate nominal amount of £212,500. Following the approval of the resolutions, the Company has issued the 17,786,799 Conditional Placing shares, 30,769,231 Placing Warrants and 2,769,231 broker warrants, as detailed in the announcement of the 11 June 2020.

Director Dealing

As announced on 11 June 2020, Hamish Harris and Donald Strang, Directors of the Company, have, on the same terms as the Placees, subscribed for £39,000 in aggregate, being 6 million new ordinary shares in the placing representing 6.5% of the total Placing ("Director Participation"). The Director Participation shares have now been issued as part of the Conditional Placing. Further, as participants in the placing on the same terms as the Placees, Hamish Harris and Don Strang have each received Placing Warrants, issued at one warrant for every three ordinary shares subscribed for on the same terms as the Placees.

The shareholdings of the Directors in question both prior to and subsequent to the Director Participation are as follows:

Director	No. of shares	Subscription shares	Resultant no. of shares	% of issued share capital
Hamish Harris	1,161,476	2,000,000	3,161,476	1.90
Donald Strang	4,450,980	4,000,000	8,450,980	5.07

Admission to AIM

The Conditional Placing Shares will rank pari passu with the existing Ordinary Shares and application has been made to the London Stock Exchange for admission of the 17,786,799 Conditional Placing shares to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on or around 1 July 2020.

Total voting rights

Following Admission, the Company's issued share capital will comprise 166,828,585 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. The figure of 166,828,585 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 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 Capital Limited Lucy Williams	+44 20 7469 0930

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

a)    Hamish Harris

b)    Donald Strang

2

Reason for notification

a.

Position/Status

a)    Executive Chairman

b)    Executive Director

b.

Initial notification/

Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Gunsynd PLC

b.

LEI

21380068N2D57QUG1L78

4

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

a.

Description of the financial instrument, type of instrument

Identification Code

Ordinary Shares

ISIN: GB00BMD6PM55

b.

Nature of the transaction

Subscription for shares in placing and grant of warrant

c.

Price(s) and volume(s)

Name

Ordinary Shares Price(s)

Ordinary Shares Volume(s)

Warrants

Exercise Price(s)

Warrants

Volume(s)

a) Hamish Harris

0.65 pence

2,000,000

1.3 pence

666,666

b) Donald Strang

0.65 pence

4,000,000

1.3 pence

1,333,333

d.

Aggregated information

- Aggregated Volume

- Price

6,000,000 ordinary shares

0.65 pence per share

1,999,999 warrants

1.3 pence exercise price

e.

Date of the transaction

30/06/2020

f.

Place of the transaction

London Stock Exchange, AIM

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