TIDMGUS
RNS Number : 3277R
Gusbourne PLC
26 October 2023
26 October 2023
Gusbourne Plc
("Gusbourne", the "Company" or the "Group")
Exercise of Warrants / PDMR Dealings
Exercise of the Company's Warrants held by Directors
The Company announces that certain directors of the Company, as
detailed below, have given notice to exercise warrants expiring on
16 December 2023, over 57,740 ordinary shares of 1 pence each in
the Company ("Ordinary Shares") at an exercise price of 75 pence
each. This exercise represents 74% of the warrants held by the
directors. A further announcement will be made in due course when
the 57,740 Ordinary Shares are issued and an Application to AIM for
admission has been made ("Admission"). Further details are shown in
the following table and the notes below:
Director Number of Number of Ordinary Number of Interest in
existing Shares issued Ordinary shares Ordinary Shares
Ordinary through exercise upon Admission upon Admission
Shares held (%)
Lord Arbuthnot
PC 111,360 7,345 118,705 0.20
============= =================== ================= =================
Jim Ormonde 300,000 19,788 319,788 0.53
============= =================== ================= =================
Mike Paul 160,806 10,607 171,413 0.28
============= =================== ================= =================
Ian Robinson 542,753 20,000 562,753 0.92
============= =================== ================= =================
Total 1,114,919 57,740 1,172,659 1.93
============= =================== ================= =================
Final exercise date of the Warrants
On 17 December 2021, the Company issued transferrable one-year
warrants to subscribe for 4,002,259 Ordinary Shares at 75p per
Ordinary Share to all Shareholders on the register on 16 December
2021. The warrants originally had a final exercise date of 16
December 2022 and on 14 December 2022 the Company agreed to extend
this final exercise date to 16 December 2023 (the "Warrants").
Following the exercise of 57,740 Warrants by the Directors,
unexercised Warrants at 25 October 2023 amount to 3,892,225
Ordinary Shares of 1 pence each, with 110,034 Warrants having been
exercised to date, inclusive of those exercised by Directors
Of these unexercised Warrants, 2,660,158 (68.3%) are held by the
Company's largest shareholder, Belize Finance Limited, a related
party of Lord Ashcroft.
The share price of the Company on 25 October 2023 was 74.5p per
Ordinary Share.
The Company would like to remind all holders of unexercised
Warrants to acquire Ordinary Shares in the Company, that the final
date for exercise is 16 December 2023.
Enquiries:
Gusbourne Plc
+44 (0)12 3375
Katharine Berry, CFO 8666
Phil Clark, Investor Relations
Panmure Gordon (UK) Limited (Nomad and Sole
Broker)
James Sinclair-Ford / Ailsa Macmaster / Lauren + 44 (0)20 7886
Riley 2500
Hugh Rich
Media:
Houston
Kate Hoare / Ben Robinson / India Spencer +44 (0)20 4529
gusbourne@houston.co.uk 0549
This announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (EU) 596/2014 as
amended by regulation 11 of the Market Abuse (Amendment) (EU Exit)
Regulations 2019/310. With the publication of this announcement,
this information is now considered to be in the public domain. The
person responsible for arranging for the release of this
announcement on behalf of the Company is Katharine Berry, Chief
Financial Officer.
Gusbourne plc (AIM:GUS) is a premium English sparkling and fine
wine producer, specialising in the production and distribution of
award winning wines, produced from grapes grown across its
vineyards in Kent and West Sussex.
Since the Group planted its first vines in 2004, it has had a
clear vision and single goal: to create English Still and Sparkling
Wines that would stand up alongside the very finest offerings from
across the globe.
From these humble beginnings, Gusbourne has focussed on building
long-term assets to drive value creation for all stakeholders.
Today, the Group is an acknowledged leader in the rapidly expanding
English wine industry, achieving international brand recognition
across its product range.
Drawing on an estate of over 93 hectares of mature vineyards
with additional new land available to scale further, the Gusbourne
cellar continues to mature with ever expanding fine wine stocks
becoming available to service the growing demands of the Group's
increasingly international customer base.
Gusbourne's luxury brand enjoys premium price positioning and is
distributed in the finest establishments both in the UK and
overseas including premium hotels and restaurants, independent wine
merchants, and high-end stockists and retailers. The Group also
continues to invest in building strong relationships with its
growing and loyal direct customer base, including through its
immersive brand experience at its cellar door experiences, the Nest
in Kent.
The notifications below are made in accordance with the
requirements of the Market Abuse Regulations.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Lord Arbuthnot PC
------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position / status Non-Executive Director
------------------------ ------------------------------------------
b) Initial notification Initial notification
/ 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 Ordinary shares of GBP0.01 each
the financial ISIN: GB00B8TS4M09
instrument, type
of instrument
Identification
code
------------------------ ------------------------------------------
b) Nature of the Exercise of warrants over Ordinary Shares
transaction
------------------------ ------------------------------------------
c) Price(s) and Exercise price 75p
volume(s)
7,345 Ordinary Shares
------------------------ ------------------------------------------
d) Aggregated information
- Aggregated 7,345 Ordinary Shares
volume
- Price GBP5,508.75
------------------------ ------------------------------------------
e) Date of the transaction 26 October 2023
------------------------ ------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------ ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Ormonde
------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position / status Non-Executive Chairman
------------------------ ------------------------------------------
b) Initial notification Initial notification
/ 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 Ordinary shares of GBP0.01 each
the financial ISIN: GB00B8TS4M09
instrument, type
of instrument
Identification
code
------------------------ ------------------------------------------
b) Nature of the Exercise of warrants over Ordinary Shares
transaction
------------------------ ------------------------------------------
c) Price(s) and Exercise price 75p
volume(s)
19,788 Ordinary Shares
------------------------ ------------------------------------------
d) Aggregated information
- Aggregated
volume 19,788 Ordinary Shares
- Price GBP14,841.00
------------------------ ------------------------------------------
e) Date of the transaction 26 October 2023
------------------------ ------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------ ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mike Paul
------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position / status Interim Chief Executive Officer
------------------------ ------------------------------------------
b) Initial notification Initial notification
/ 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 Ordinary shares of GBP0.01 each
the financial ISIN: GB00B8TS4M09
instrument, type
of instrument
Identification
code
------------------------ ------------------------------------------
b) Nature of the Exercise of warrants over Ordinary Shares
transaction
------------------------ ------------------------------------------
c) Price(s) and Exercise price 75p
volume(s)
10,607 Ordinary Shares
------------------------ ------------------------------------------
d) Aggregated information
- Aggregated GBP7,955.25
volume
- Price
------------------------ ------------------------------------------
e) Date of the transaction 26 October 2023
------------------------ ------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------ ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian Robinson
------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position / status Non-Executive Director
------------------------ ------------------------------------------
b) Initial notification Initial notification
/ 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 Ordinary shares of GBP0.01 each
the financial ISIN: GB00B8TS4M09
instrument, type
of instrument
Identification
code
------------------------ ------------------------------------------
b) Nature of the Exercise of warrants over Ordinary Shares
transaction
------------------------ ------------------------------------------
c) Price(s) and Exercise price 75p
volume(s)
20,000 Ordinary Shares
------------------------ ------------------------------------------
d) Aggregated information
- Aggregated GBP15,000.00
volume
- Price
------------------------ ------------------------------------------
e) Date of the transaction 26 October 2023
------------------------ ------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------ ------------------------------------------
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END
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