Gunsynd plc
("Gunsynd" or the "Company")
Investment in Pires Investments
Gunsynd Plc (AIM: GUN; ISDX: GUN) announces that it has purchased a total of 1,700,000 shares in Pires Investments plc ("Pires"), an investing company admitted to trading on AIM. This represents approximately 5.01% of the outstanding number of shares of Pires and the approximate consideration paid was £56,000.
Hamish Harris, executive Chairman of the Company, commented: "This investment by Gunsynd provides a significant stake in an AIM listed cash shell at a valuation we believe provides for decent upside potential."
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: +44 (0) 20 7440 0640
Hamish Harris
Donald Strang
Nominated Adviser/ISDX Corporate Adviser: +44 (0) 20 7213 0880
Cairn Financial Advisers LLP
James Caithie / Liam Murray
Peterhouse Corporate Finance (Joint Broker) +44 (0)20 7469 0930
Lucy Williams
This information is provided by RNS