Gusbourne PLC New West Sussex long term farm business tenancy (5951V)
09 April 2019 - 9:28AM
UK Regulatory
TIDMGUS
RNS Number : 5951V
Gusbourne PLC
09 April 2019
9 April 2019
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Gusbourne Plc
("Gusbourne", the "Company" or the "Group")
New West Sussex long term farm business tenancy
The Company is pleased to announce that it has entered into a
new long term farm business tenancy in respect of an additional 73
acres of land adjacent to its existing vineyards in West Sussex.
The Company intends to plant additional vines on 57 acres of this
land in 2020, which are expected to start producing grapes in 2022.
The lease has a term of 50 years from September 2019 and will
increase the Company's vineyards in West Sussex to 136 acres, with
the total acreage under vine, including the 152 acres in Kent, of
288 acres following the new plantings.
This expansion of the Company's acreage under vine is expected
in due course to increase the Group's production volumes and
efficiency.
Enquiries:
Gusbourne Plc
Charlie Holland +44 (0)1233 758 666
Cenkos Securities plc
Nicholas Wells / Callum Davidson +44 (0)20 7397 8920
Note: This announcement and other press releases are available
to view at the Company's website: www.gusbourneplc.com
Note to Editors
Gusbourne PLC ("the Company") is engaged, through its wholly
owned subsidiary Gusbourne Estate Limited (together the "Group"),
in the production and distribution of a range of high quality and
award winning English sparkling wines from grapes grown in its own
vineyards in Kent and West Sussex. The majority of the Group's
vineyards are located at its freehold estate at Appledore in Kent
where the winery is also based. The Group has a total of 231 acres
of vineyards which will increase to 288 acres following the
planting of an additional 57 acres in 2020.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCILMRTMBTMMAL
(END) Dow Jones Newswires
April 09, 2019 03:28 ET (07:28 GMT)
Gusbourne (LSE:GUS)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Gusbourne (LSE:GUS)
Historical Stock Chart
Von Jul 2023 bis Jul 2024