GUS Gusbourne Plc

TIDMGUS

RNS Number : 9562T

Gusbourne PLC

24 July 2015

Gusbourne Plc

("Gusbourne" or the "Company")

Placing of GBP367,874

Gusbourne announces that it has completed a placing which has raised proceeds of GBP367,874, through the issue of 735,748 new ordinary shares ("New Ordinary Shares") to certain new and existing shareholders in the Company, at a price of 50 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 735,748 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 30 July 2015. Following Admission, the Company's issued share capital will consist of 23,639,762 ordinary shares of 50 pence each ("Enlarged Share Capital). The above figure (23,639,762) 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.

Shareholdings of the Directors and Lord Ashcroft KCMG PC

The participation of the Directors and Lord Ashcroft KCMG PC under the Placing and resultant interests following Admission are shown below:

 
                         Existing       Placing                     Ordinary             Percentage 
                         Ordinary        Shares                       Shares            of Enlarged 
                           Shares    subscribed               held following                 Issued 
                                         for at                    Admission                  Share 
                                       50 pence                                             Capital 
                                      per share 
 Lord Ashcroft KCMG 
  PC                   14,740,994       473,500                   15,214,494                  64.36 
 Andrew Weeber          2,722,221             0                    2,722,221                  11.52 
 Paul Bentham             855,036             0                      855,036                   3.62 
 Ian Robinson             114,019             0                      114,019                   0.48 
 Ben Walgate               90,000             0                       90,000                   0.38 
 
   James Arbuthnot              0        20,000                       20,000                   0.08 
 
   Matthew Clapp                0        20,000                       20,000                   0.08 
 

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

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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