Gusbourne PLC Directors' Share Awards and Issue of Equity (5587L)

TIDMGUS

RNS Number : 5587L

Gusbourne PLC

20 July 2017

20 July 2017

Gusbourne Plc

("Gusbourne" or the "Company")

Directors' Share Awards and Issue of Equity

The Company announces the issue and allotment of 42,000 new ordinary shares of 1p each in the Company to Charlie Holland, Chief Executive Officer, and 42,000 new ordinary shares of 1p each to Jon Pollard, Chief Operating Officer, in order to satisfy share awards due. The shares awarded are subject to a 12-month lock-in period.

Further to the recommendation of its remuneration committee, the share awards have been granted in recognition of Mr Holland's and Mr Pollard's performances over several consecutive years which have seen the Company continue to achieve increasing production and sales of its award-winning wines.

Following these share awards, Mr Holland and Mr Pollard hold a total of 42,000 and 42,186 ordinary shares each in the Company respectively, representing approximately 0.12 per cent. and 0.12 per cent. of the Company's enlarged issued share capital respectively. They hold no options in the Company.

An application has been made for 84,000 new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 25 July 2017.

Further information is provided below in accordance with the requirements of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name 
                                   Charlie Holland 
---  -------------------------  ------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status            Chief Executive 
---  -------------------------  ------------------------------ 
 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                        N/A 
---  -------------------------  ------------------------------ 
 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 1p each 
       the financial 
       instrument, type 
       of instrument              ISIN: GB00B8TS4M09 
 
       Identification 
       code 
---  -------------------------  ------------------------------ 
 b)   Nature of the              Award of ordinary shares 
       transaction 
---  -------------------------  ------------------------------ 
 c)   Price(s) and volume(s)       Price(s)         Volume(s) 
                                   ---------------  ---------- 
 
                                     1p per share     42,000 
                                   ---------------  ---------- 
---  -------------------------  ------------------------------ 
 d)   Aggregated information 
 
 
       - Aggregated volume         N/A single transaction 
 
 
       - Price 
---  -------------------------  ------------------------------ 
 e)   Date of the transaction    19 July 2017 
---  -------------------------  ------------------------------ 
 f)   Place of the transaction   London Stock Exchange 
---  -------------------------  ------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name 
                                   Jon Pollard 
---  -------------------------  ------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status            Chief Operating Officer 
---  -------------------------  ------------------------------ 
 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                        N/A 
---  -------------------------  ------------------------------ 
 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 1p each 
       the financial 
       instrument, type 
       of instrument              ISIN: GB00B8TS4M09 
 
       Identification 
       code 
---  -------------------------  ------------------------------ 
 b)   Nature of the              Award of ordinary shares 
       transaction 
---  -------------------------  ------------------------------ 
 c)   Price(s) and volume(s)       Price(s)         Volume(s) 
                                   ---------------  ---------- 
 
                                     1p per share     42,000 
                                   ---------------  ---------- 
---  -------------------------  ------------------------------ 
 d)   Aggregated information 
 
 
       - Aggregated volume         N/A single transaction 
 
 
       - Price 
---  -------------------------  ------------------------------ 
 e)   Date of the transaction    19 July 2017 
---  -------------------------  ------------------------------ 
 f)   Place of the transaction   London Stock Exchange 
---  -------------------------  ------------------------------ 
 

For further information contact:

Gusbourne Plc

   Andrew Weeber                                                           [phone] 

Cenkos Securities plc

   Nicholas Wells / Callum Davidson                                 [phone] 

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

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July 20, 2017 02:00 ET (06:00 GMT)