Gunsynd PLC Investee Company Update -- Low 6 (4782P)
10 Outubro 2023 - 3:00AM
UK Regulatory
TIDMGUN
RNS Number : 4782P
Gunsynd PLC
10 October 2023
Gunsynd PLC
("Gunsynd" or the "Company")
Investee Company Update - Low 6
Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it
has received an update from its investee company Low 6 Limited
("Low 6").
Low 6 has reached a significant milestone by generating revenue
of just under GBP1m (unaudited) for the quarter ended 30 September
2023, and expects to continue on its current trajectory during Q2.
Its financial year runs from 1 July 23 to 30 June 24. Audited
revenue for the year ended 30 June 2022 was GBP854,851 and loss
before tax was GBP18,350,342
Low 6 was successful in a Request for Proposal (RFP) process
with 'OPTA' Stats Perform. Its work with OPTA focuses on the launch
of multiple games based on Premier League statistics. Low6 also
successfully launched products with Oddschecker for the new English
Premier League season and signed a significant contract extension
with Rush Street Interactive in North America for product
development over the next 18 months.
The Company invested approximately GBP265,000 in Low6 and holds
0.66% of Low6's issued share capital. More information on Low6 can
be found at https://low6.com/ .
Forward Looking Statements
This announcement contains forward-looking statements relating
to expected or anticipated future events and anticipated results
that are forward-looking in nature and, as a result, are subject to
certain risks and uncertainties, such as general economic, market
and business conditions, competition for qualified staff, the
regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political
jurisdiction, uncertainties regarding the results of exploration,
uncertainties regarding the timing and granting of prospecting
rights, uncertainties regarding the Company's ability to execute
and implement future plans, and the occurrence of unexpected
events. Actual results achieved may vary from the information
provided herein as a result of numerous known and unknown risks and
uncertainties and other factors.
The Directors of Gunsynd accept responsibility for this
announcement.
For further information, please contact:
Gunsynd plc
Hamish Harris/ Peter Ruse +44 (0) 78 7958 4153
Cairn Financial Advisers LLP
James Caithie / Liam Murray +44 (0) 20 7213 0880
Peterhouse Capital Limited
Lucy Williams +44 (0) 20 7469 0936
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END
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October 10, 2023 02:00 ET (06:00 GMT)
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