REG - Gusbourne PLC - Issue of Equity

GusbourneAnnouncement

04/01/2024 12:30

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RNS Number : 6940Y  Gusbourne PLC  04 January 2024

4 January 2024

 

Gusbourne Plc

("Gusbourne", the "Company" or the "Group")

Issue of Equity

The Company announces that it has issued 14,048 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.

An application has been made for the Ordinary Shares to be admitted to trading
on AIM ("Admission"). Admission is expected to occur on 10 January 2024.
Following Admission, the Company will have 60,859,341 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 3,874,623 Ordinary Shares. These warrants are
exercisable at a price of 75 pence per share and have a final exercise date of
16 December 2024.

 

Enquiries:

Gusbourne Plc

Katharine Berry CFO               +44 (0)12 3375 8666

Panmure Gordon (UK) Limited (Nomad and Sole Broker)
 

James Sinclair-Ford / Ailsa Macmaster / Lauren Riley
+44 (0)20 7886 2500

Hugh Rich / Rauf Munir

 Media
 Kate Hoare / Ben Robinson / India Spencer (Houston)        +44 (0)20 4529 0549

 gusbourne@houston.co.uk (mailto:gusbourne@houston.co.uk)

 

Note: This and other press releases are available at the Company's website:
www.gusbourneplc.com (http://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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