UK's Gusbourne considering de-listing; slumps to over 11-year low
10/02/2025 09:07
** Shares of Gusbourne Plc GUS.L slump as much as 29% to
27p, their lowest since May 2013
** The premium English sparkling wine producer says it will
conduct a general meeting to consider its de-listing from the
AIM market, after it received a letter on Feb. 7 from Belize
Finance, on behalf of its majority shareholder Lord Ashcroft,
requesting convening the meeting
** Co says its board has concluded review of strategic
options for Lord Ashcroft's 66.8% stake, and has terminated
talks with other parties on a transaction
** GUS says it is no longer in receipt of any approaches and
not on an offer period anymore
** Stock fell ~47% in 2024
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))