TIDMGUS
RNS Number : 5932J
Gusbourne PLC
14 December 2022
14 December 2022
Gusbourne Plc
("Gusbourne", the "Company" or the "Group")
Extension of the final exercise date of the Company's
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 have a final exercise date of 16 December 2022
(the "Warrants"). The Company has now agreed to extend this final
exercise date to 16 December 2023.
Unexercised Warrants at 13 December 2022 amount to 3,973,064
Ordinary Shares of 1 pence each, with 29,195 Warrants having been
exercised to date.
Of these unexercised warrants, 2,660,158 (69.5%) are held by the
Company's largest shareholder, Belize Finance Limited, a related
party of Lord Ashcroft, and 384,947 Warrants (9.7%) are held by
Directors of the Company.
The share price of the Company on 13 December 2022 was 71.5p per
Ordinary Share.
The extension of the final exercise date of the Warrants
constitutes a related party transaction under Rule 13 of the AIM
Rules. The Directors of the Company consider, having consulted with
Panmure Gordon (UK) Limited in its capacity as the Company's
nominated adviser for the purposes of the AIM Rules, that the terms
of the extension of the final exercise date of the Warrants to be
fair and reasonable insofar as the Company's shareholders are
concerned.
For further information contact:
Gusbourne Plc
Charlie Holland +44 (0)12 3375 8666
Panmure Gordon (UK) Limited (Nomad and Sole Broker)
Oliver Cardigan + 44 (0)20 7886 2500
Hugh Rich
Note: This and other press releases are available at the Company's website: www.gusbourneplc.com
Note to Editors
Gusbourne produces and distributes a range of high quality and
award-winning vintage English sparkling wines from grapes grown in
its own vineyards in Kent and West Sussex.
The Gusbourne business was founded by Andrew Weeber in 2004 with
the first vineyard plantings at Appledore in Kent. The first wines
were released in 2010 to critical acclaim. Following additional
vineyard plantings in 2013 and 2015 in both Kent and West Sussex,
Gusbourne now has 231 acres of mature vineyards. The NEST visitor
centre was opened next to the winery in Appledore in 2017,
providing tours, tastings and a direct outlet for our wines.
Right from the beginning, Gusbourne's intention has always been
to produce the finest English sparkling wines. Starting with
carefully chosen sites, we use best practice in establishing and
maintaining the vineyards and conduct green harvests to ensure we
achieve the highest quality grapes for each vintage. A quest for
excellence is at the heart of everything we do. We blind taste
hundreds of samples before finalising our blends and even after the
wines are bottled, they spend extended time on their lees to add
depth and flavour. Once disgorged, extra cork ageing further
enhances complexity. Our winemaking process remains traditional,
but one that is open to innovation where appropriate. It takes four
years to bring a vineyard into full production and a further four
years to transform those grapes into Gusbourne's premium sparkling
wine.
We are one of England's most awarded wine producers. Highlights
include:
-- Three times winner of the International Wine & Spirits
Challenge (IWSC) 'English Wine Producer of the Year', having won
the award in 2013, 2015 and 2017- a unique achievement.
-- Back-to-back winner of 'Estate Winery of the Year' at the
Wine GB Competition in 2021 and 2022.
-- Trophy for 'Best Vintage English Sparkling Wine' at the 2022
International Wine Challenge in May 2022 , along with eleven other
medals.
-- Thirteen medals, including two golds at the Decanter World Wine Award in June 2022.
-- A Judges' Selection and Platinum award at the Texsom Awards in June 2022.
-- Shortlisted for 'Best Sparkling Wine Producer' at the
International Wine and Spirits Competition in July 2022.
-- Trophies for 'Best English Still Red Wine', 'Best English
Still White Wine' and 'Best English Still Wine' at the Wine GB
awards in July 2022.
-- Five gold medals at the Champagne and Sparkling Wine World Championships in September 2022.
-- Blanc de Noirs and Blanc de Blancs of the Year in the England
2022 Special Report by Tim Atkin MW in October 2022.
-- Two Editor's Choice listings in Wine Enthusiast and four
wines scoring over 94 points in October 2022.
Gusbourne's luxury brand enjoys premium price positioning and is
distributed in the finest establishments both in the UK and abroad.
Our wines can be found in leading luxury retailers, restaurants,
hotels and stockists, always being aware that where we are says a
lot about who we are.
Gusbourne also overwhelmingly dominates the list of English
Sparkling wines traded on Liv-Ex and its Pinot Noir remains the
only English still wine to be traded on the investment
platform.
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.
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END
MSCUOSNRUAUUAAA
(END) Dow Jones Newswires
December 14, 2022 02:00 ET (07:00 GMT)
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