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British Honey Co. (BHC)

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Friday 17 September, 2021

British Honey Co.

Requisition of General Meeting

RNS Number : 2058M
British Honey Company PLC (The)
17 September 2021
 

This announcement contains inside information.

 

 

 

The British Honey Company plc

 

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

 

Requisition of General Meeting

 

The British Honey Company plc (AQUIS: BHC), the producer of premium British Honey, craft spirits and alcohol sanitiser products, announces that it has received a requisition notice (the "Requisition Notice") from Mark Gamble, pursuant to section 303 of the Companies Act 2006 (the "Act"), requiring that BHC's board (the "Board") convenes a general meeting of shareholders for the purposes of considering the following ordinary resolutions:

1.  That, Michael Williams be removed from office as a director of the Company and as chairman of the Company's board of directors with immediate effect.

 

2.  That, any appointee to the Company's board of directors between the date of the request for the requisitioned general meeting and the requisitioned general meeting be removed from office as a director with immediate effect.

 

3.  That, subject to the consent of the Company's AQSE Corporate Adviser, Richard Day be appointed as a director of the Company and as non-executive chairman of the Company's board of directors with immediate effect.

 

4.  That, subject to the consent of the Company's AQSE Corporate Adviser, Mark Gamble be appointed as a director of the Company with immediate effect.

 

5.  That, subject to the consent of the Company's AQSE Corporate Adviser, Brian Jones be appointed as a director of the Company with immediate effect.

 

Mark Gamble is the beneficial owner of 16.56% of the Company's voting share capital.

The Board is considering the content of the Requisition Notice, to which it intends to respond in accordance with the requirements of the Act. In the meantime, the Board urges shareholders to take no further action until the Board has shared its views on these proposals.

 

A further announcement will be made in due course.

 

 

 

Enquiries:

The British Honey Company plc

Michael Williams, Chairman and CEO

Nicholas Agbo, CFO

Brooke Wiseman, Marketing Director

 

Tel: +44 (0)7976 559243

Email: [email protected]

Web:  https://britishhoney.co.uk/

finnCap - AQSE Corporate Adviser & Joint Broker

Carl Holmes / George Dollemore (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 / 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.

In February 2021, BHC completed the acquisition of Union Distillers Limited, based in Market Harborough, Leicestershire, Union Distillers was founded in 2012 by Mark Gamble and his partner. Over the past eight years it has grown to become an independent producer and distributor of proprietary and "own-label" spirits. It has well-invested infrastructure which includes its own stills, bonded warehouse and a new bottling line to be installed. Union has a strong manufacturing capability, established brands and an extensive and growing retail and wholesale customer base. Products include its premium, proprietary "Two Birds'' range of spirits comprising 11 gins, seven vodkas, a spiced rum, an absinthe and a 29% ABV espresso vodka liqueur. In addition, Union distils spirits on behalf of a range of B2B customers including some major German supermarkets with a UK presence. Like BHC, Union is also SALSA accredited.

Future development 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.

 

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