Gusbourne PLC Issue of Equity (0487P)
08 October 2019 - 3:12AM
UK Regulatory
TIDMGUS
RNS Number : 0487P
Gusbourne PLC
07 October 2019
7 October 2019
Gusbourne Plc
("Gusbourne", the "Company" or the "Group")
Issue of Equity
The Company announces that it has issued 195,001 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, Franove Holdings Limited, a company
wholly owned by Paul Bentham, a Non-Executive Director, exercised
83,334 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 11 October 2019. Following Admission, the Company will
have 46,086,919 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, Paul Bentham will have a total beneficial
interest in 1,021,704 ordinary shares which represents 2.2 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 Franove Holdings Limited
--------------------------- -----------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status A company wholly owned by Paul Bentham,
Non-Executive Director of Gusbourne
PLC
--------------------------- -----------------------------------------
b) Initial notification Initial
/Amendment
--------------------------- -----------------------------------------
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 Warrants over ordinary shares of 1p
financial instrument, each in Gusbourne plc
type of instrument
Identification code ISIN: GB00B8TS4M09
--------------------------- -----------------------------------------
b) Nature of the transaction Exercise of warrants
--------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
60p 83,334
----------
--------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
--------------------------- -----------------------------------------
e) Date of the transaction 4 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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