Gusbourne PLC Issue of Equity (3865S)
November 03 2023 - 11:00AM
UK Regulatory
TIDMGUS
RNS Number : 3865S
Gusbourne PLC
03 November 2023
3 November 2023
Gusbourne Plc
("Gusbourne", the "Company" or the "Group")
Issue of Equity
The Company announces that it has issued 61,294 new ordinary
shares of 1 pence each in the capital of the Company ("Ordinary
Shares") pursuant to an exercise of warrants by certain investors
in the Company. All warrants were exercised at an exercise price of
75 pence per share. The new Ordinary Shares will rank pari passu in
all respects with the existing Ordinary Shares of the Company.
Included in the 61,294 new ordinary shares above are 57,740 new
ordinary shares to be issued to the following directors. It was
announced on 26 October 2023 that the directors had given notice to
exercise their warrants as set out in the table below:
Director Number Number of Number of Interest in
of existing Ordinary Ordinary Ordinary Shares
Ordinary Shares issued shares held upon Admission
Shares through exercise upon Admission (%)
held of warrants
Lord Arbuthnot
PC 111,360 7,345 118,705 0.20
============= ================== ================ =================
Jim Ormonde 300,000 19,788 319,788 0.53
============= ================== ================ =================
Mike Paul 160,806 10,607 171,413 0.28
============= ================== ================ =================
Ian Robinson 542,753 20,000 562,753 0.92
============= ================== ================ =================
Total 1,114,919 57,740 1,172,659 1.93
============= ================== ================ =================
An application has been made for the Ordinary Shares to be
admitted to trading on AIM ("Admission"). Admission is expected to
occur on 9 November 2023. Following Admission, the Company will
have 60,845,293 Ordinary Shares in issue and admitted to trading on
AIM. This figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
Unexercised warrants amount to 3,888,671 Ordinary Shares. These
warrants are exercisable at a price of 75 pence per share and have
a final exercise date of 16 December 2023.
Enquiries:
Gusbourne Plc
Katharine Berry CFO +44 (0)12 3375 8666
Panmure Gordon (UK) Limited (Nomad and Sole Broker)
James Sinclair-Ford / Lauren Riley + 44 (0)20 7886 2500
Hugh Rich
Media
Kate Hoare / Ben Robinson / India Spencer
(Houston)
gusbourne@houston.co.uk +44 (0)20 4529 0549
Note: This and other press releases are available at the
Company's website: www.gusbourneplc.com
This announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (EU) 596/2014 as
amended by regulation 11 of the Market Abuse (Amendment) (EU Exit)
Regulations 2019/310. With the publication of this announcement,
this information is now considered to be in the public domain.
Note to Editors
Gusbourne produces and distributes a range of high quality and
award winning vintage English sparkling wines from grapes grown in
its own vineyards in Kent and West Sussex.
The Gusbourne business was founded by Andrew Weeber in 2004 with
the first vineyard plantings at Appledore in Kent. The first wines
were released in 2010 to critical acclaim. Following additional
vineyard plantings in 2013 and 2015 in both Kent and West Sussex,
Gusbourne now has 93 hectares of mature vineyards. The NEST visitor
centre was opened next to the winery in Appledore in 2017,
providing tours, tastings and a direct outlet for our wines.
Right from the beginning, Gusbourne's intention has always been
to produce the finest English sparkling wines. Starting with
carefully chosen sites, we use best practice in establishing and
maintaining the vineyards and conduct green harvests to ensure we
achieve the highest quality grapes for each vintage. A quest for
excellence is at the heart of everything we do. We blind taste
hundreds of samples before finalising our blends and even after the
wines are bottled, they spend extended time on their lees to add
depth and flavour. Once disgorged, extra cork ageing further
enhances complexity. Our winemaking process remains traditional,
but one that is open to innovation where appropriate. It takes four
years to bring a vineyard into full production and a further four
years to transform those grapes into Gusbourne's premium sparkling
wine.
Gusbourne's luxury brand enjoys premium price positioning and is
distributed in the finest establishments both in the UK and abroad.
Our wines can be found in leading luxury retailers, restaurants,
hotels and stockists, always being aware that where we are says a
lot about who we are.
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