GUS Gusbourne Plc

TIDMGUS

RNS Number : 2771W

Gusbourne PLC

06 November 2014

Gusbourne Plc

("Gusbourne" or the "Company")

Placing to raise GBP1.8 million

Gusbourne announces that it has completed a placing to raise gross proceeds of GBP1.8 million, through the issue of 2,628,462 new ordinary shares ("New Ordinary Shares") to certain new and existing shareholders in the Company, at a price of 68 pence per share. The proceeds of the placing will be used to support the ongoing development and expansion of the business.

An application has been made for the 2,628,462 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur at 8.00 a.m. on 11 November 2014. Following Admission, the Company's issued share capital will consist of 17,853,276 ordinary shares of 50 pence each ("Enlarged Share Capital). The above figure (17,853,276) 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, Gusbourne plc under the FCA's Disclosure and Transparency Rules.

Lord Ashcroft KCMG PC has subscribed for 1,691,697 New Ordinary Shares in the placing and, following Admission, his percentage shareholding in the Company remains unchanged at 64.4 per cent. of the Enlarged Share Capital.

For further information contact:

Gusbourne Plc

   Andrew Weeber/Ben Walgate                                      +44 (0)12 3375 8666 

Cenkos Securities plc

   Nicholas Wells                                                            +44 (0)20 7397 8900 

Broker Profile

   Simon Courtenay/Tamsin Shephard                               +44 (0)20 7448 3244 

Note: This announcement and other press releases are available to view at the Company's website: www.gusbourneplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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