Issue of Equity

RNS Number : 4786R

Gusbourne PLC

29 October 2019

 

29 October 2019

Gusbourne Plc

("Gusbourne", the "Company" or the "Group")

Issue of Equity

The Company announces that it has issued 213,333 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, Mike Paul, a Non-Executive Director, exercised 20,000 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 4 November 2019. Following Admission, the Company will have 46,478,619 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, Mike Paul will have a total beneficial interest in 130,806 ordinary shares which represents 0.3 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	Mike Paul
2	Reason for the notification
a)	Position/status	Non-Executive Director of Gusbourne PLC
b)	Initial notification /Amendment	Initial
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 financial instrument, type of instrument Identification code	Warrants over ordinary shares of 1p each in Gusbourne plc ISIN: GB00B8TS4M09
b)	Nature of the transaction	Exercise of warrants
c)	Price(s) and volume(s)	Price(s) Volume(s) 60p 20,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	25 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.

 

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