GUNSYND PLC

Director's Dealing • Feb 12, 2018

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RNS Number : 6341E

Gunsynd PLC

12 February 2018

Gunsynd plc

("Gunsynd", or the "Company")

Grant of Options

The Company announces that it has agreed to grant 30 million share options to George Garnett, a non-executive director of the Company ("New Options").

Each New Option will entitle the holder to subscribe for a new ordinary share of 0.01p in the Company ("Shares") at an exercise price of 0.05 pence per Share (which represents a premium of 25 per cent over the closing mid-price of the Company on 9 February 2018) and are exercisable at any time within 5 years from the date of grant.

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

	George Garnett
Interest over shares	Nil
Interest over options	30,000,000

The issued share capital of the Company comprises 4,882,924,490 ordinary shares.

Following the grant of the New Options, a total of 342,650,840 options and nil warrants are outstanding at the date of this notification, representing approximately 6.4% of its issued ordinary share capital.

The grant of the New Options is considered to be a related party transaction under the AIM Rules for Companies.  Hamish Harris and Donald Strang, being directors of the Company who are not interested in 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	George Henry Miller Garnett
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	21380068N2D57QUG1L78
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 GB00B4WKYH05
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	30,000,000
Aggregated information - Aggregated Volume - Price	N/A
Date of the transaction	12 February 2018
Place of the transaction	UK

This information is provided by RNS

The company news service from the London Stock Exchange

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