Gusbourne PLC Result of General Meeting, AGM and Open Offer (5841J)
29 June 2017 - 8:23PM
UK Regulatory
TIDMGUS
RNS Number : 5841J
Gusbourne PLC
29 June 2017
29 June 2017
Gusbourne Plc
("Gusbourne" or the "Company")
Result of General Meeting, AGM and Open Offer
The Company is pleased to announce that all resolutions put to
Shareholders in respect of the AGM and the General Meeting held
today were duly passed. Furthermore, the Company announces the
completion of the Open Offer to raise gross proceeds of
approximately GBP4.2 million. The proceeds from the Open Offer will
be used to provide funding for working capital and capital
expenditure in line with the Company's long-term strategic
plan.
Lord Ashcroft KCMG PC has subscribed for 9,112,909 new Ordinary
Shares pursuant to the Open Offer.
The Company also announces that the Share Capital Reduction to
subdivide each of the Company's existing ordinary shares of 50p
each into one ordinary share of 1 pence and one deferred share of
49 pence, is now effective.
Accordingly, an application has been made for 10,506,560 new
ordinary shares of 1p each to be admitted to trading on AIM
("Admission"). Following Admission, the Company will have
34,146,322 Ordinary Shares of 1p each admitted to trading on AIM.
Following Admission, Lord Ashcroft KCMG PC will have a total
interest of 24,327,403 Ordinary Shares, representing approximately
71.2 per cent. of the issued share capital of the Company.
Capitalised terms in this announcement shall have the same
meaning as those defined in the Circular, that may be found on the
Company's website at www.gusbourneplc.com.
For further information contact:
Gusbourne Plc
Andrew Weeber +44 (0)1233 758 666
Cenkos Securities plc
Nicholas Wells / Callum Davidson +44 (0)20 7397 8920
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
RAGPGUUPQUPMGUB
(END) Dow Jones Newswires
June 29, 2017 06:23 ET (10:23 GMT)
Gusbourne (LSE:GUS)
Historical Stock Chart
From Apr 2024 to May 2024
Gusbourne (LSE:GUS)
Historical Stock Chart
From May 2023 to May 2024