Gusbourne PLC Result of Open Offer (2319Q)
16 Juni 2015 - 8:00AM
UK Regulatory
TIDMGUS
RNS Number : 2319Q
Gusbourne PLC
16 June 2015
Gusbourne Plc
(London-AIM: GUS) ("Gusbourne" or the "Company")
Result of Open Offer
Further to the Company's announcement on 28 May 2015 concerning
an Open Offer to raise up to GBP3.57 million, Gusbourne announces
that it has received final valid acceptances in respect of
5,050,738 Open Offer Shares from Qualifying Shareholders,
representing approximately 70.7 per cent. of the maximum offered.
The total consideration was GBP2.53 million. Of this, gross cash
proceeds receivable by the Company are GBP2.14 million and in
addition, the Company has benefited from a GBP0.39 million
reduction in debt due to director Andrew Weeber and his wife's
acceptances of their full entitlement under the Open Offer by way
of conversion of Bonds into Open Offer Shares, as described in the
Circular.
Accordingly, an application has been made to AIM for the
admission of 5,050,738 new Ordinary Shares to be issued pursuant to
the Open Offer ("Admission"). It is expected that Admission will
become effective on 17 June 2015. Following Admission, the Company
will have 22,904,014 Ordinary Shares in issue ("Enlarged Issued
Share Capital").
Shareholdings of the Directors and Lord Ashcroft KCMG PC
The participation of the Directors and Lord Ashcroft KCMG PC
under the Open Offer and resultant interests following Admission
are shown below:
Existing Open Offer Ordinary Percentage
Ordinary Shares Shares held of Enlarged
Shares subscribed following Issued
for at Admission Share Capital
the Offer
Price
Lord Ashcroft KCMG PC 11,490,498 3,250,496 14,740,994 64.36
Andrew Weeber 1,944,444 777,777 2,722,221 11.89
Paul Bentham 610,740 244,296 855,036 3.73
Ian Robinson 81,442 32,577 114,019 0.50
Ben Walgate 60,000 30,000 90,000 0.39
Ben Walgate, CEO, commented:
"We are appreciative of the continued support from the
significant number of Gusbourne Shareholders that have taken part
in this Open Offer. The proceeds will assist in the further
development of the Gusbourne business and the award winning
Gusbourne brand."
Unless otherwise defined, terms in this announcement shall have
the same meanings as those defined in the shareholder circular
dated 28 May 2015.
Enquiries:
Gusbourne Plc
Andrew Weeber/Ben Walgate +44 (0)12 3375 8666
Cenkos Securities plc
Nicholas Wells +44 (0)20 7397 8920
Note: This and other press releases are available at the
Company's web site: www.gusbourneplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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