Issue of Equity
Gunsynd Plc has issued 45,641,636 new ordinary shares at a weighted average price of 0.0996 pence per share to the Vendor of the Barb Project, fulfilling tranche payments two, three, and four. Tranche two involved 14,007,545 shares at 0.1094 pence, tranche three comprised 14,253,877 shares at 0.1059 pence, and tranche four consisted of 17,380,214 shares at 0.0865 pence. Following admission of these shares, expected around October 21, 2026, the Company's total issued share capital will be 1,661,239,968 ordinary shares.
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Gunsynd (AIM: GUN) announces that further to its announcement of 23 June 2025, the Company has issued 45,641,636 new ordinary shares at a weighted average price of 0.0996 pence per share ("Vendor Shares") to the Vendor of the Barb Project in line with the second, third and fourth tranche payments due to the Vendor under the Agreement. The breakdown of the Vendor Shares is set out below:
| Tranche | Number of ordinary shares | Issue price (pence) |
|---|---|---|
| 2 | 14,007,545 | 0.1094 |
| 3 | 14,253,877 | 0.1059 |
| 4 | 17,380,214 | 0.0865 |
Admission
Application will be made to the London Stock Exchange for the admission of the Vendor Shares to trading on AIM ("Admission"). Admission is expected to occur on or around 21 October 2026. The new Ordinary Shares will rank pari passu with the existing ordinary shares.
Total Voting Rights
For the purposes of the Disclosure and Transparency Rules, following Admission, the Company's issued share capital will comprise 1,661,239,968 ordinary shares of 0.085 pence each. This figure may be used by shareholders as the denominator for calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.