REG - British Honey Co. - Board Changes & Withdrawal of GM Requisition

PelatroAnnouncement

14/10/2021 08:05

RNS Number : 0718P
  
British Honey Company PLC (The) 
  
14 October 2021
  
 

14th October  2021
The British Honey Company plc
 
("British Honey" or the "Company")
 
Board Changes and Withdrawal of General Meeting Requisition
 
The British Honey Company plc (AQUIS: BHC), the producer of premium British Honey and craft spirits products, announced on 17th September 2021 that it had received a requisition notice proposing various board changes (the "Requisition Notice").
 
Further to that announcement, constructive discussions have been taking place with all the parties. As a result of those discussions, the Company announces that Alex Maurice has resigned from the board with immediate effect. Richard Day has been re-appointed as Non-executive Chairman and Mark Gamble has been re-appointed as Executive Director. The other members of the Board will continue to comprise Non-executive Director Sophie Guifang Luo and Executive Finance Director Nicholas Agbo. Alex Maurice will continue to be employed within the group. 
 
The Company also announces that it has received a letter from Mark Gamble withdrawing his requisition notice (the "Requisition Notice") pursuant to section 303 of the Companies Act 2006 (the "Act"), requiring that the Company's board convene a general meeting of shareholders. This meeting will accordingly not be convened and the proposed resolutions as set out in the announcement on 17th September have been withdrawn. 
 
 
Commenting on the Directorate changes, Richard Day, Non-executive Chairman, said: 
 "We are pleased that the new board is settled. We will, of course, be working together to further enhance the experience and balance of the board. We believe British Honey has a good underlying business and we look forward to a period of stability and growth, working together in the best interests of our staff, our customers and our shareholders to build real value. We intend to hit the floor running and will update shareholders in due course."
 
Enquiries:




 
British Honey Company plc
 


 
Via Walbrook PR Limited (see below)
Web: https://britishhoney.co.uk/




finnCap - AQSE Corporate Adviser & Joint Broker
Carl Holmes / 
George Dollemore (corporate finance)
Richard Chambers (ECM)


Tel: +44 (0)20 7220 0500




Stanford Capital Partners - Joint Broker
Patrick Claridge / John Howes / 
Bob Pountney


Tel: +44 (0)20 3650 3650




Walbrook PR Limited - Financial PR
Paul Vann / Nicholas Johnson


Tel: +44 (0)20 7933 8780
        +44 (0)7768 807631
paul.vann@walbrookpr.com




 
 
Further information on Mark Gamble, age 68 
Mr Gamble and persons closely associated with him now in aggregate have a beneficial interest in 16.56% of the Company's issued share capital.
Save as set out below, there is no further information regarding Mark Gamble that is required to be disclosed pursuant to paragraph 4.9 of the AQSE Growth Market Apex Rulebook..
 




 


 




Current Directorships


Previous Directorships in the last five years 




 
Gamble Property Partnership
Union Distillers Limited


 
Orangeade Limited
Orangeaid Limited




 
 
Further information on Richard Day, age 61
Mr Day does not have a beneficial interest in the Company's issued share capital.
Save as set out below, there is no further information regarding Richard Day that is required to be disclosed pursuant to Appendix 1, Table A, paragraph 5.1.2 of the AQSE Exchange Growth Market - Rules for Issuers.




 


 




Current Directorships


Previous Directorships in the last five years 




 
RJD Corporate Ltd
EGS Energy Ltd
Eden Geothermal Ltd
Pelatro Plc
Alchemac Ltd


 
Greka Drilling Ltd
Cogenpower Plc
More Global Plc
Envent Capital Markets Ltd
Eight Capital Partners Plc




 
About British Honey Company
 
Launched in 2014, BHC has an extensive collection of award-winning spirits brands crafted at its onsite distillery in Buckinghamshire. Its impressive range began with Keepr's British Honey Spirits infused with 100% pure honey from its own fully traceable apiaries and includes gin, rum, bourbon, vodka and a ready to drink selection of hard seltzers and a low alcohol gin and tonic.
 
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 "own-label" spirits. It has well-invested infrastructure which includes its own stills, bonded warehouse and it is proposing to install a canning line. 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, an absinthe and a 29% ABV espresso vodka liqueur. In addition, Union distils spirits on behalf of a range of B2B customers including some major German supermarkets with a UK presence. Like BHC, Union is also SALSA accredited. 
 
 

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