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|solooiler: Acquisition of Gusbourne Estate Business, placing to raise GBP2.85 million and re-admission to AIM
-- Acquisition of the Gusbourne Estate Business and related Freehold Property for GBP7.0 million.
-- Andrew Weeber, the present owner and founder of the Gusbourne Estate Business, to be appointed as Non-Executive Director and Chairman and will work closely with the executive team.
-- The executive team of the Enlarged Group will comprise CEO Ben Walgate, winemaker Charlie Holland and vineyard manager Jon Pollard.
-- Enlarged Group to benefit from the established and award-winning Gusbourne brand.
-- Placing to raise GBP2.85 million, supported by new and existing investors, at a significant premium to prevailing share price, to help fund the further development of the Gusbourne Estate Business, including the planting of a further 100 acres of vineyards in Kent over the next two years.
-- Shellproof PLC will change its name to Gusbourne PLC.
-- 1,700 million bottles of wine sold annually in the UK of which 109 million bottles are sparkling wine.
-- 2.6 million bottles of English wine (including sparkling) sold in the UK in 2011/12.
-- Growing markets both in the UK and overseas for English sparkling and still wine, supported by numerous awards in recent years for English sparkling wine at both national and international levels.
Gusbourne Estate wines
Since the maiden vintage in 2006, which was released in 2010, wines produced at Gusbourne Estate have won numerous national and international accolades. The Brut Reserve 2008 most recently gained a Gold Award at the highly acclaimed 2013 International Wine and Spirits Challenge. Other recent global successes include a Gold Award for the Gusbourne Estate's Blanc de Blancs 2008 at the International Wine Challenge in 2013 and the Estate's first still white, Guinevere 2011, was crowned Regional Trophy Winner at the 2013 Decanter World Wine Awards.
Gusbourne Estate wines are found in leading wine merchants, luxury London department stores, specialist retailers and restaurants including a significant number of Michelin starred restaurants. At full production maturity, Gusbourne Estate will produce over 500,000 bottles of wine. There will be a minimum of 16 full time employees and over 100 pickers will be employed seasonally.
Andrew Weeber, the proposed Non-Executive Chairman, commented:
"Our recent successes demonstrate the huge potential of the Gusbourne brand and I am very excited to be embarking on a new phase of business development and expansion. I look forward to working with an experienced and dynamic management team. I believe the prospects for the Gusbourne Estate product range in the context of the growing market for English sparkling and still wines are excellent".
Ben Walgate, Chief Executive Officer of Shellproof, commented: "I am delighted to lead such a talented executive team as we expand and grow the Gusbourne brand. We see great opportunities for a brand of such premium quality. I am also very much looking forward to working closely with our Chairman, Andrew Weeber who has achieved great success with the business over the past 10 years. We will retain and continue the best practices that have been instilled from the very beginning at Gusbourne Estate.|
|solarno lopez: Cahpel Down Wines result were good which will eventually reflect in the share price here.
The fact that Shellproof has moved into English wine productiion is a well kept secret !|
Shellprf share price data is direct from the London Stock Exchange