- Title:
Update on Oyster Transaction - Time:
09:00:05 - Date:
12 May 2020 - Category:
Corporate updates - ID:
6204M
Gunsynd PLC
("Gunsynd" or the "Company")
Update on Oyster Transaction
Gunsynd (AIM: GUN, AQSE: GUN) announces that further to the announcement made on 29 November 2019, the Company has agreed with Sajawin Pty Limited ("Sajawin") to extend the deadline for the unmet Conditions Precedent of the Term Sheet, through a share purchase variation agreement term sheet ("Variation Term Sheet"), from 30 April 2020 to 30 October 2020.
If any of the Conditions Precedent are not satisfied by 30 October 2020, then either Party may terminate the Term Sheet and the Variation Term Sheet at which time the Parties' rights and obligations under the Term Sheet and the Variation Term Sheet will immediately cease and Gunsynd will immediately return the initial payments to Sajawin.
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 Hamish Harris |
+44 20 7440 0640 |
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| Cairn Financial Advisers LLP James Caithie / Liam Murray |
+44 20 7213 0880 |
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| Peterhouse Corporate Finance Lucy Williams |
+44 20 7469 0930
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Update on Oyster Transaction 09:00:0512 May 2020Corporate updates6204M