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British Honey Co. (BHC)

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Wednesday 24 February, 2021

British Honey Co.

Completion of Acquisition

RNS Number : 1867Q
British Honey Company PLC (The)
24 February 2021
 

UNLESS OTHERWISE INDICATED, CAPITALISED TERMS USED IN THIS ANNOUNCEMENT HAVE THE MEANINGS GIVEN TO THEM IN THE COMPANY'S ANNOUNCEMENT OF 7:00 AM ON 19 FEBRUARY 2021.

 

The British Honey Company plc

("British Honey", "BHC" or the "Company")

 

Completion of Acquisition

 

The British Honey Company plc, the producer and distributor of premium British Honey, Honey-infused spirits and alcohol sanitiser products, is pleased to announce that further to the announcements made on 19 February 2021 and the successful Admission of Fundraising Shares, Initial Consideration Shares and Bonus Shares, the Acquisition of Union Distillers Limited have now all completed.

 

Admission and Total Voting Rights

Following Admission of the Fundraising Shares, Initial Consideration Shares and the Bonus Shares, the total number of Ordinary Shares in the Company will be 16,472,735. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

 

Director Appointment

As mentioned in the previous announcement on 19 February 2021, the Company is pleased to announce the appointment to the Board of Mr Mark Gamble as an Executive Director. Mr Gamble, aged 68, has over 40 years' experience in managing businesses. Mr Gamble was the joint founder and CEO of Union until its Acquisition by BHC. Mark brings a wealth of sector expertise to BHC having helped found Union and grown it into a successful player in the UK craft spirit market. Prior to Union, Mr Gamble was the Managing Director of Orangeade Limited, a designer and manufacturer of early GPRS tracking equipment. Mr Gamble successfully sold Orangeade in 2016 to focus his attention on Union. Mr Gamble and the Union team have worked with BHC on mutual development projects and joint-ventures over a number of years.

 

Further information on Mark Maurice Gamble

Mr Gamble and persons closely associated with him now in aggregate have a beneficial interest in 16.6% the Company's issued share capital.

 

Save as set out below, there is no further information regarding Mark Gamble that is required to be disclosed pursuant to paragraph 4.9 of the AQSE Growth Market Apex Rulebook.

 

Current Directorships

Past Directorships

Gamble Property Partnership

Union Distillers Limited

Orangeade Limited

Orangeaid Limited

 

Enquiries:

British Honey

Michael Williams, CEO

Brooke Wiseman, Marketing Director

Email: [email protected]

Web:   https://britishhoney.co.uk/

 

finnCap - AQSE Corporate Adviser & Joint Broker

Carl Holmes / Matthew Radley (corporate finance)

Richard Chambers (ECM)

 

Tel: +44 (0)20 7220 0500

Stanford Capital Partners - Joint Broker

Patrick Claridge / John Howes / Bob Pountney

 

Tel: +44 (0)20 3815 8880

Walbrook PR Limited - Financial PR

Paul Vann / Nick Rome / Nicholas Johnson

Tel: +44 (0)20 7933 8780

+44 (0)7768 807631

[email protected]

 

About The British Honey Company plc

Launched in 2014, BHC has an extensive collection of award-winning spirits brands crafted at its onsite distillery in Buckinghamshire. Its impressive range began with Keepr's British Honey Spirits infused with 100% pure honey from its own fully traceable apiaries and includes gin, rum, bourbon, vodka and a ready to drink selection of hard seltzers and a low alcohol gin and tonic.

In 2020 it expanded further after acquiring the brands of the London Distillery Company (Dodd's Organic Gin, Rye and Single Malt Whiskeys), securing an exciting partnership agreement with English Heritage to produce its gins and launching an affordable luxury spirits range, 1606. In the same year, BHC also developed its first alcohol sanitiser product in the UK in response to the Covid-19 outbreak.

Future plans will see BHC open a second distillery on Oxfordshire's Tusmore Estate, expected late 2021, where it will produce a Tusmore Single Estate Triple Distilled Premium English Whiskey to add to its Single Malt Tusmore Whiskey, of which investment casks are currently available to purchase.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

a)  Michael Williams

b)  Caroline Williams

c)  Robert Porter Smith

d)  Geoff Lennox

e)  Alex Maurice

2.

Reason for the Notification

a)

Position/status

a)  Chief Executive Office

b)  PCA - Wife of CEO

c)  Executive Director

d)  Non-Executive Director

e)  PDMR

b)

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The British Honey Company plc

b)

LEI

213800OJDDM3CJOO1C69

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

Ordinary Shares of 10 pence each

Identification code

ISIN: GB00B64Q0333

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

a)  110 pence

b)  110 pence

c)  110 pence

d)  110 pence

e)  110 pence

a)  45,455

b)  4,545

c)  45,455

d)  90,909

e)  9,091

d)

Aggregated information:

· Aggregated volume

· Price

 

See 4c) above

e)

Date of the transaction

19 February 2021

f)

Place of the transaction

Aquis Stock Exchange

 

 

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