Gusbourne Plc (AIM: GUS), the premium English sparkling wine producer, announces that on 7 February 2025 it received a letter from Belize Finance Limited on behalf of the Company's majority shareholder, Lord Ashcroft, holding an interest in 40,628,009 ordinary shares, representing 66.8% of the issued share capital in the Company ("Letter").
The Letter requests that the Company convene a General Meeting of the Company's shareholders pursuant to section 303 of the Companies Act 2006 (the "Act") and consider a resolution to delist the Company from the AIM market.
The Board of Directors intends to comply with its obligations in accordance with section 304 of the Act which requires it to call a General Meeting within 21 days of receipt of a valid requisition and to hold such a General Meeting on a date no more than 28 days after the date of the notice convening such General Meeting.
Shareholders are advised to take no action at this time. Further announcements will be made in due course.
Offer Period Update
Following receipt of the Letter, and as agreed by Lord Ashcroft, the Board of Directors has concluded its review of strategic options for Lord Ashcroft's shareholding announced on 22 July 2024.
The Company has terminated discussions with other parties in relation to a transaction and is no longer in receipt of any approaches. Consequently, as the review of strategic options has now concluded, the Company is no longer in an "offer period" as defined by the City Code on Takeovers and Mergers (the "Takeover Code") and the disclosure requirements pursuant to Rule 8 of the Takeover Code are no longer applicable from the time of this announcement.
For further information contact:
Enquiries:
Gusbourne Plc
Jonathan White, CEO
Katharine Berry, CFO
Phil Clark, Investor Relations
+44 (0)12 3375 8666
Panmure Liberum Limited (Nomad and Sole Broker)
James Sinclair-Ford / Ailsa Macmaster / Tom Scrivens
+44 (0)20 7886 2500
Media:
Houston
Kate Hoare / Ben Robinson / India Spencer
gusbourne@houston.co.uk
+44 (0)20 4529 0549
This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain. The person responsible for arranging for the release of this announcement on behalf of the Company is Katharine Berry, Chief Financial Officer.
