REG - British Honey Co. - Appointment of new Chief Financial Officer
21/01/2022 08:05
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RNS Number : 2116Z British Honey Company PLC (The) 21 January 2022
21 January 2022
The British Honey Company plc
("BHC" the "Group" or the "Company")
Appointment of new Chief Financial Officer
BHC, (AQUIS: BHC), the producer of premium British Honey and craft spirits
products, is pleased to announce the appointment to the board of Jonathan
Morley-Kirk as Chief Financial Officer (CFO) with effect from 24 January 2022.
Jonathan is a highly experienced CFO with a breadth of experience across
quoted and growth orientated private companies in both executive and
non-executive roles. Jonathan qualified as a Fellow of the Institute of
Chartered Accountants in 1996 and is a Fellow of the Chartered Institute of
Securities and Investment.
BHC's current Finance Director, Nicholas Agbo will move to a non-board role as
Commercial Director and will lead the Company's strategic development plans as
it seeks to grow the business rapidly in the coming years.
Commenting on the appointment, Richard Day, Chairman of BHC said:
"We have started the new financial year with good sales impetus and now want
to strengthen the Board to assist our ambitions for the Company. Jonathan is a
highly experienced and capable CFO with extensive City experience and we
welcome him to BHC. The Board is also delighted that Nicholas Agbo will
continue to support the Company in his new role as Commercial Director,
helping us to grow the business in what promises to be an exciting year."
Enquiries:
The British Honey Company plc via Walbrook PR Limited (see below)
Richard Day
finnCap -
AQSE Corporate Adviser & Joint Broker Tel: +44 (0)20 7220 0500
Carl Holmes /
George Dollemore (corporate finance)
Richard Chambers (ECM)
Stanford Capital Partners - Tel: +44 (0)20 3650 3650
Joint Broker
Patrick Claridge / John Howes /
Bob Pountney
Walbrook PR Limited - Tel: +44 (0)20 7933 8780
Financial PR +44 (0)7768 807631
Paul Vann / Nicholas Johnson paul.vann@walbrookpr.com
This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (596/2014/EU) as it forms part of UK domestic law
by virtue of the European Union (withdrawal) act 2018 ("MAR").
About British Honey Company
Launched in 2014, BHC has an extensive collection of award-winning spirits
brands. Its impressive range began with Keepr's British Honey Spirits infused
with 100% pure British honey and includes gin, rum, bourbon, and vodka.
In 2020 it expanded further after acquiring the brands of the London
Distillery Company (Dodd's Organic Gin, Rye and Single Malt Whiskeys),
securing an exciting partnership agreement with English Heritage to produce
its gins and launching an affordable luxury spirits range, 1606. In the same
year, BHC also developed its first alcohol sanitiser product in the UK in
response to the Covid-19 outbreak.
In February 2021, BHC completed the acquisition of Union Distillers Limited,
based in Market Harborough, Leicestershire, Union Distillers was founded in
2012 by Mark Gamble and his partner. Over the past eight years it has grown to
become an independent producer and distributor of proprietary and "white
label" spirits. It has well-invested infrastructure which includes its own
stills and a bonded warehouse. Union has a strong manufacturing capability,
established brands and an extensive and growing retail and wholesale customer
base. Products include its premium, proprietary "Two Birds" range of spirits
comprising 11 gins, seven vodkas, a spiced rum and a 29% ABV espresso vodka
liqueur.
In addition, Union distils spirits on behalf of a range of B2B customers
including some major supermarkets. Like BHC, Union is also SALSA accredited.
Current Directorships/partnerships Previous Directorships/partnerships
Bluebird Merchant Ventures Limited EastSiberian Plc
Amala Foods plc Nyota Minerals (UK) Ltd
Global Biotech Transfer Foundation Limited Nyota Minerals Pty Ltd
Northglen Capital SPC Fund National Aquaculture Centre Limited
Cal FX 20 Fund Sarossa Plc
Slater Feeder Fund Crossborder Capital Inc
Lorton Media Fund Jersey Oil and Gas E&P Limited
Tarragona Assets Ltd Fox-Davies Capital Limited
Fox-Davies Capital (Dubai) Limited Alchemac Limited
Clean Tech Lithium (Jersey) Limited Ocana Enterprises Ltd
Fox-Davies Holdings (Jersey) Limited
As at the date of this announcement, Mr Morley-Kirk does not have an interest
in the ordinary shares of the Company.
Jonathan Morley-Kirk was censured and fined £500 (the minimum possible fine)
by the Institute of Chartered Accountants of England and Wales ("ICAEW") on 13
September 2016 for not having a practice certificate whilst a director of NT
ADA Ltd ("NT ADA") for the period 12 February 2015 to 21 October 2015, a
company registered in the Netherland Antilles. Mr Morley-Kirk was appointed as
a non-executive director of NT ADA. Whilst under investigation from the ICAEW,
Mr Morley-Kirk applied for, and obtained, a practice certificate. There was
one other director who was not a member of ICAEW. He was thus not fined or
censured in any way by ICAEW. The Jersey Financial Services Commission took no
action against Mr Morley-Kirk or the other director as it was only a breach of
ICAEW rules according to ICAEW. NT ADA had no new clients since 2013 and no
physical offices or online presence. It also had no anticipation for further
income and was in the process of being closed down. It was not in practice
according to Mr Morley-Kirk. The ICAEW stated that Mr Morley-Kirk could appeal
the decision which he declined due to the cost of an appeal. Mr Morley-Kirk
resigned from membership ICAEW after the fine was paid. The ICAEW, on 7 July
2017, invited Mr Morley-Kirk to rejoin. He declined to do so.
Save as set out above, there is no further information regarding Jonathan
Morley-Kirk that is required to be disclosed pursuant to paragraph 4.9 of the
AQSE Growth Market Apex Rulebook.
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