Gusbourne PLC Issue of Equity (0487P)

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                                                                 [phone] 

Canaccord Genuity Limited

   Bobbie Hilliam                                                                 [phone] 

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 [e-mail] or visit www.rns.com.

END

MSCUGGAUUUPBGQM

(END) Dow Jones Newswires

October 07, 2019 12:12 ET (16:12 GMT)