GUNSYND PLC

Director's Dealing • Aug 26, 2020

National Storage Mechanism | Additional information

RNS Number : 2475X

Gunsynd PLC

26 August 2020

Gunsynd Plc

("Gunsynd" or the "Company")

Grant of Options

Gunsynd (AIM: GUN, AQSE: GUN) announces that options ("the Options") over a total of 19,000,000 new ordinary shares in the capital of the Company ("Ordinary Shares") were awarded on 26 August 2020 at an exercise price of 1 pence (being a premium of 14% per cent. over the mid closing price on 25 August 2020). The Options vest immediately and will expire in 3 years from the date of grant.

The Options represent approximately 7.47 per cent. of the Company's current issued ordinary share capital. They have been issued to two Directors of the Company, Hamish Harris and Donald Strang (16,000,000 in total) and to consultants (3,000,000).

The issued share capital of the Company comprises 254,367,047 ordinary shares.

Following the grant of the Options detailed above, a total of 29,251,398 options and 62,717,950 warrants are outstanding at the date of this notification, representing approximately 36.2 per cent. of the Company's issued ordinary share capital.

The table below sets out the directors' interest in the Company following this grant of Options:

	Hamish Harris	Donald Strang
Interest in ordinary shares	3,161,476	10,820,211
Interest in warrants	666,667	2,123,077
Interest in existing options	1,764,706	1,764,706
New Options granted	8,000,000	8,000,000

The grant of Options as set out above to Hamish Harris and Donald Strang (the "Transaction") is deemed to be a related party transaction under the AIM Rules for Companies as Hamish Harris and Donald Strang are Directors of the Company. Peter Ruse being a Non-executive Director of the Company independent of the Transaction, having consulted with Cairn Financial Advisers LLP, the Company's nominated adviser, consider the terms of the Transaction to be fair and reasonable insofar as the shareholders of the Company 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.

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 Ltd Lucy Williams	+44 (0) 20 7469 0930

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

Grant of share options at an exercise price of 1p

c.

Price(s) and volume(s)

Name

Volume(s)

Exercise Price (p)

a) Hamish Harris

8,000,000

1p

b) Donald Strang

8,000,000

1p

d.

Aggregated information

- Aggregated Volume

- Price

16,000,000

Exercise price 1.1p

e.

Date of the transaction

26/08/2020

f.

Place of the transaction

London Stock Exchange, AIM

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