REG - Gusbourne PLC - Warrant Exercise/PDMR Dealings

GusbourneAnnouncement

26/10/2023 07:00

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RNS Number : 3277R  Gusbourne PLC  26 October 2023

26 October 2023

Gusbourne Plc

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

 

Exercise of Warrants / PDMR Dealings

 

 

Exercise of the Company's Warrants held by Directors

The Company announces that certain directors of the Company, as detailed
below, have given notice to exercise warrants expiring on 16 December 2023,
over 57,740 ordinary shares of 1 pence each in the Company ("Ordinary Shares")
at an exercise price of 75 pence each. This exercise represents 74% of the
warrants held by the directors. A further announcement will be made in due
course when the 57,740 Ordinary Shares are issued and an Application to AIM
for admission has been made ("Admission"). Further details are shown in the
following table and the notes
below:

 Director           Number of existing Ordinary Shares held  Number of Ordinary Shares issued through exercise  Number of Ordinary shares upon Admission  Interest in Ordinary Shares upon Admission (%)
 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

 

Final exercise date of the Warrants

On 17 December 2021, the Company issued transferrable one-year warrants to
subscribe for 4,002,259 Ordinary Shares at 75p per Ordinary Share to all
Shareholders on the register on 16 December 2021.  The warrants originally
had a final exercise date of 16 December 2022 and on 14 December 2022 the
Company agreed to extend this final exercise date to 16 December 2023 (the
"Warrants").

Following the exercise of 57,740 Warrants by the Directors, unexercised
Warrants at 25 October 2023 amount to 3,892,225 Ordinary Shares of 1 pence
each, with 110,034 Warrants having been exercised to date, inclusive of those
exercised by Directors

Of these unexercised Warrants, 2,660,158 (68.3%) are held by the Company's
largest shareholder, Belize Finance Limited, a related party of Lord Ashcroft.

The share price of the Company on 25 October 2023 was 74.5p per Ordinary
Share.

The Company would like to remind all holders of unexercised Warrants to
acquire Ordinary Shares in the Company, that the final date for exercise is 16
December 2023.

 

 

 

Enquiries:
 Gusbourne Plc
 Katharine Berry, CFO                                       +44 (0)12 3375 8666
 Phil Clark, Investor Relations
 Panmure Gordon (UK) Limited (Nomad and Sole Broker)
 James Sinclair-Ford / Ailsa Macmaster / Lauren Riley       +44 (0)20 7886 2500
 Hugh Rich
 Media:
 Houston                                                    +44 (0)20 4529 0549

 Kate Hoare / Ben Robinson / India Spencer

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

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. The person responsible for arranging for the release of this
announcement on behalf of the Company is Katharine Berry, Chief Financial
Officer.

Gusbourne plc (https://www.gusbourne.com/investors) (AIM:GUS) is a premium
English sparkling and fine wine producer, specialising in the production and
distribution of award winning wines, produced from grapes grown across its
vineyards in Kent and West Sussex.

Since the Group planted its first vines in 2004, it has had a clear vision and
single goal: to create English Still and Sparkling Wines that would stand up
alongside the very finest offerings from across the globe.

From these humble beginnings, Gusbourne has focussed on building long-term
assets to drive value creation for all stakeholders. Today, the Group is an
acknowledged leader in the rapidly expanding English wine industry, achieving
international brand recognition across its product range.

Drawing on an estate of over 93 hectares of mature vineyards with additional
new land available to scale further, the Gusbourne cellar continues to mature
with ever expanding fine wine stocks becoming available to service the growing
demands of the Group's increasingly international customer base.

Gusbourne's luxury brand enjoys premium price positioning and is distributed
in the finest establishments both in the UK and overseas including premium
hotels and restaurants, independent wine merchants, and high-end stockists and
retailers. The Group also continues to invest in building strong relationships
with its growing and loyal direct customer base, including through its
immersive brand experience at its cellar door experiences, the Nest in Kent.

The notifications below are made in accordance with the requirements of the
Market Abuse Regulations.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Lord Arbuthnot PC

 2    Reason for the notification
 a)   Position / status                                            Non-Executive Director

 b)   Initial notification / amendment                             Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Gusbourne PLC
 b)   LEI                                                          2138006K652TIS2UN864
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of £0.01 each

      Identification code                                          ISIN: GB00B8TS4M09
 b)   Nature of the transaction                                    Exercise of warrants over Ordinary Shares

 c)   Price(s) and volume(s)                                       Exercise price 75p

                                                                   7,345 Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                          7,345 Ordinary Shares

      - Price

                                                                   £5,508.75

 e)   Date of the transaction                                      26 October 2023
 f)   Place of the transaction                                     Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         James Ormonde

 2    Reason for the notification
 a)   Position / status                                            Non-Executive Chairman

 b)   Initial notification / amendment                             Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Gusbourne PLC
 b)   LEI                                                          2138006K652TIS2UN864
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of £0.01 each

      Identification code                                          ISIN: GB00B8TS4M09
 b)   Nature of the transaction                                    Exercise of warrants over Ordinary Shares

 c)   Price(s) and volume(s)                                       Exercise price 75p

                                                                   19,788 Ordinary Shares

 d)   Aggregated information

      - Aggregated volume

                                                                   19,788 Ordinary Shares

      - Price

                                                                   £14,841.00

 e)   Date of the transaction                                      26 October 2023
 f)   Place of the transaction                                     Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Mike Paul

 2    Reason for the notification
 a)   Position / status                                            Interim Chief Executive Officer

 b)   Initial notification / amendment                             Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Gusbourne PLC
 b)   LEI                                                          2138006K652TIS2UN864
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of £0.01 each

      Identification code                                          ISIN: GB00B8TS4M09
 b)   Nature of the transaction                                    Exercise of warrants over Ordinary Shares

 c)   Price(s) and volume(s)                                       Exercise price 75p

                                                                   10,607 Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                          £7,955.25

      - Price
 e)   Date of the transaction                                      26 October 2023
 f)   Place of the transaction                                     Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Ian Robinson
 2    Reason for the notification
 a)   Position / status                                            Non-Executive Director
 b)   Initial notification / amendment                             Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Gusbourne PLC
 b)   LEI                                                          2138006K652TIS2UN864
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of £0.01 each

      Identification code                                          ISIN: GB00B8TS4M09
 b)   Nature of the transaction                                    Exercise of warrants over Ordinary Shares

 c)   Price(s) and volume(s)                                       Exercise price 75p

                                                                   20,000 Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                          £15,000.00

      - Price
 e)   Date of the transaction                                      26 October 2023
 f)   Place of the transaction                                     Outside a trading venue

 

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