Last checked at 29 Oct 2019 11:00
29 October 2019
Gusbourne Plc
("Gusbourne", the "Company" or the "Group")
Issue of Equity
The Company announces that it has issued 213,333 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. Of these, Mike Paul, a Non-Executive Director, exercised 20,000 warrants. All warrants were exercised at an exercise price of 60 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 4 November 2019. Following Admission, the Company will have 46,478,619 ordinary shares in issue admitted to trading on AIM, which 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.
Following Admission, Mike Paul will have a total beneficial interest in 130,806 ordinary shares which represents 0.3 per cent. of the enlarged issued share capital.
Further information is disclosed below in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name | Mike Paul | ||||
2
| Reason for the notification | |||||
a)
| Position/status | Non-Executive Director of Gusbourne PLC | ||||
b)
| Initial notification /Amendment | Initial | ||||
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
Identification code
| Warrants over ordinary shares of 1p each in Gusbourne plc
ISIN: GB00B8TS4M09
| ||||
b)
| Nature of the transaction | Exercise of warrants | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
N/A - single transaction | ||||
e)
| Date of the transaction | 25 October 2019 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
For further information contact:
Gusbourne Plc
Charlie Holland +44 (0)1233 758 666
Canaccord Genuity Limited
Bobbie Hilliam +44 (0)20 7523 8000
Georgina McCooke
Note: This announcement and other press releases are available to view at the Company's website: www.gusbourneplc.com
Note to Editors
Gusbourne PLC ("the Company") is engaged, through its wholly owned subsidiary Gusbourne Estate Limited (together the "Group"), in the production and distribution of a range of high quality and award winning English sparkling wines from grapes grown in its own vineyards in Kent and West Sussex. The majority of the Group's mature vineyards are located at its freehold estate at Appledore in Kent where the winery is also based. The Group has a total of 231 acres of vineyards which will increase to 288 acres following the planned planting of an additional 57 acres in 2020.