Guscio completes placing to settle adviser fees bill

Technology company Guscio announced on Wednesday that it has issued 125,000 new ordinary shares of 0.1p each at a price of 4p per share, as a payment to an adviser in lieu of fees.

The AIM-traded firm said the issue price is the price at which the company’s most recent fundraising was completed on 24 May.

“Application will be made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM,” Guscio’s board confirmed in a statement.

“It is expected that admission will become effective and that trading in the new shares will commence at 0800 BST on or around 12 July 2016.”