Business
Result of GM, Issue of Equity and Director Dealing
Result of GM, Issue of Equity and Director Dealing.
About this update from Gunsynd Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3177H\n Gunsynd PLC\n 02 December 2020\n \n \n \n \n Gunsynd plc\n \n \n (\"Gunsynd\" or the \"Company\")\n \n \n Result of GM, Issue of Equity and Director Dealing\n \n \n \n \n \n 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.\n \n \n \n \n \n Issue of Equity\n \n \n \n \n \n The Company announced on 13 November 2020 that it had raised £1,130,00 by way of a \n placing of 113,000,000 Placing Shares with existing and new investors at a placing price of 1 pence per Placing Share. The placing consisted of the Firm Placing and the Conditional Placing.\n \n \n \n \n \n At the GM of the Company held today, the Company sought shareholder approval \n 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 £318,750. Following the approval of the resolutions, the Company has issued the 56,393,211 Conditional Placing shares and 56,500 Placing Warrants, as detailed in the announcement of the 13 November 2020.\n \n \n \n \n \n Director Dealing\n \n \n \n \n \n As announced on 13 November 2020, Peter Ruse and Donald Strang, Directors of the Company, have, on the same terms as the placees above, subscribed for £30,000 in aggregate, being 3,000,000 new ordinary shares in the Placing representing 2.7% of the total Placing (\"Director Participation\"). The Director Participation shares are being issued as part of the Conditional Placing. Further, as participants in the Placing on the same terms as the placees, Peter Ruse and Donald Strang will each receive Placing Warrants, issued at one warrant for every two ordinary shares subscribed for.\n \n \n \n \n \n The shareholdings of the Directors in question both prior to and subsequent to the Director Participation are as follows:\n \n \n \n \n \n \n Director\n \n \n \n \n No. of shares\n \n \n \n \n Subscription shares\n \n \n \n \n Resultant no. of shares\n \n \n \n \n % of issued share capital\n \n \n \n \n \n \n Peter Ruse\n \n \n \n \n 3,164,706\n \n \n \n \n 1,000,000\n \n \n \n \n 4,164,706\n \n \n \n \n 1.1\n \n \n \n \n \n \n Donald Strang\...