TIDMGUS
RNS Number : 5873T
Gusbourne PLC
21 March 2023
Gusbourne Plc
("Gusbourne" or the "Company")
Directorate Change
New Board appointment and Board restructure
Gusbourne Plc (AIM: GUS), the premium English sparkling wine
producer, today announces the following Board changes, with
immediate effect, to support the Company's ongoing growth and
execution of its strategy.
Katharine Berry, who was appointed as Chief Financial Officer
("CFO") in August 2022, has been formally appointed to the
Company's board of directors ("Board").
Gusbourne's founder, Andrew Weeber, is retiring and stepping
down as a Non-Executive Director. Andrew was responsible for
planting the first vines at Gusbourne after purchasing the estate
in 2003. Upon admission to AIM in 2013, he served as Non-Executive
Chairman until 2020 and has remained a valued Board member ever
since.
Paul Bentham is also retiring as a Non-Executive Director but
remains a significant shareholder and expects to continue to
support the business for the longer term. Paul joined the Board in
2013 and has played an important role in supporting Gusbourne's
growth during his tenure.
Finally, Guardian of the Vines, Jon Pollard, is stepping down
from the Board but will continue in his executive role as Chief
Operating Officer (COO), as the business enters its next stage of
expansion with significant new vineyard plantings planned in
2024.
Jim Ormonde, Gusbourne's Chairman, commented:
"Today's announcement is reflective of the depth and quality we
now have within our executive leadership team. Gusbourne has
achieved a lot under the support and guidance of the Board and with
strong foundations in place, now is the right time to operate with
a smaller, more focused Board.
"Andrew and Paul will continue to champion Gusbourne as valued
ambassadors and we are enormously grateful to both of them for the
time and knowledge they've given during their respective tenures.
As COO, Jon remains central to our business operations and will
focus on his responsibilities as Guardian of the Vines as we enter
a period of significant expansion and associated new vine plantings
over coming years.
"We are also delighted to welcome Kathy to the Board as CFO and
look forward to her contribution as the Company continues to
execute its long-term ambitious business plan, cementing its
position as one of the UK's most significant fine wine producers at
the top of the dynamic English wine sector."
Schedule 2(g) disclosures
Katharine Denise Berry (aged 46), whose previous surname is
Clark, currently holds no other directorships nor has held any
other directorships in the previous 5 years. Mrs Berry does not own
any shares in the Company and has confirmed there is no further
information to be disclosed pursuant to paragraph (g) of Schedule 2
of the AIM Rules.
For further information contact:
Enquiries:
Gusbourne Plc
Charlie Holland +44 (0)12 3375 8666
Phil Clark, Investor Relations
Panmure Gordon (UK) Limited (Nomad and
Sole Broker)
James Sinclair-Ford / Lauren Riley + 44 (0)20 7886 2500
Hugh Rich
Media
Kate Hoare / Ben Robinson / India Spencer
(Houston)
gusbourne@houston.co.uk +44 (0)20 4529 0549
Note: This and other press releases are available at the
Company's website: www.gusbourneplc.com
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.
Note to Editors
Gusbourne produces and distributes a range of high quality and
award winning vintage English sparkling wines from grapes grown in
its own vineyards in Kent and West Sussex.
The Gusbourne business was founded by Andrew Weeber in 2004 with
the first vineyard plantings at Appledore in Kent. The first wines
were released in 2010 to critical acclaim. Following additional
vineyard plantings in 2013 and 2015 in both Kent and West Sussex,
Gusbourne now has 93 hectares of mature vineyards. The NEST visitor
centre was opened next to the winery in Appledore in 2017,
providing tours, tastings and a direct outlet for our wines.
Right from the beginning, Gusbourne's intention has always been
to produce the finest English sparkling wines. Starting with
carefully chosen sites, we use best practice in establishing and
maintaining the vineyards and conduct green harvests to ensure we
achieve the highest quality grapes for each vintage. A quest for
excellence is at the heart of everything we do. We blind taste
hundreds of samples before finalising our blends and even after the
wines are bottled, they spend extended time on their lees to add
depth and flavour. Once disgorged, extra cork ageing further
enhances complexity. Our winemaking process remains traditional,
but one that is open to innovation where appropriate. It takes four
years to bring a vineyard into full production and a further four
years to transform those grapes into Gusbourne's premium sparkling
wine.
Gusbourne's luxury brand enjoys premium price positioning and is
distributed in the finest establishments both in the UK and abroad.
Our wines can be found in leading luxury retailers, restaurants,
hotels and stockists, always being aware that where we are says a
lot about who we are.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAURUWROBUOUAR
(END) Dow Jones Newswires
March 21, 2023 03:00 ET (07:00 GMT)
Gusbourne (LSE:GUS)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Gusbourne (LSE:GUS)
Historical Stock Chart
Von Jun 2023 bis Jun 2024