Gunsynd has purchased a total of 1,700,000 shares in Pires Investments, 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.
Executive chairman Hamish Harris said: “This investment by Gunsynd provides a significant stake in an AIM listed cash shell at a valuation we believe provides for decent upside potential.”
At 3:44pm: (LON:GUN) Gunsynd Plc Ord 0.01p share price was +0.01p at 0.05p
Story provided by StockMarketWire.com