Investment in Pires Investments

 

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