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DJ Gunsynd PLC Investment in Pires Investments


RNS Number : 7517R

Gunsynd PLC

13 December 2016

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 GBP56,000.

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

The company news service from the London Stock Exchange



(END) Dow Jones Newswires

December 13, 2016 10:33 ET (15:33 GMT)