GUNSYND PLC — Director's Dealing 2017

Aug 7, 2017

National Storage Mechanism | Additional information

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RNS Number : 2921N

Gunsynd PLC

07 August 2017

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:
Hamish Harris		+44 (0) 20 7440 0640
Nominated Adviser / NEX Exchange Corporate Adviser:
Cairn Financial Advisers LLP
James Caithie/Liam Murray		+44 (0) 20 7213 0880
Joint Broker:
Peterhouse Corporate Finance
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 instrument Identification 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

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 instrument Identification 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

This information is provided by RNS

The company news service from the London Stock Exchange

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