Innovation Agritech Group Ltd - Bracknell, England-based technology provider for vertical farming - Shares start trading on matched bargain platform JP Jenkins on Thursday. Founded in 2017, Innovation Agritech provide farmers with its GrowFrame360 aeroponic system, which it says enables year-round crop production without the need for sunlight, soil or pesticides. Read More
Gusbourne PLC - Ashford, Kent-based sparkling wine producer - Calls general meeting for March 7 to ask shareholders to approve its plan to de-list from the AIM market, adding to the exodus of London listings. The decision is in response to the request of the company's majority shareholder, Michael Ashcroft, who owns 66.8% of Gusbourne. Ashcroft earlier this month requisitioned a GM to consider cancellation of the AIM listing. Back in July last year, Ashcroft, the former deputy chair of the Conservative Party, had told Gusbourne he wanted to sell his shares. Following the de-listing, Gusbourne will re-register as a private company, saying this will save money and offer "strategic flexibility". Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday. Read More
(Alliance News) - Gusbourne PLC on Monday said its main shareholder requested a general meting to consider a resolution to delist the company from the AIM market in London. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Gusbourne PLC - Ashford, Kent-based sparkling wine producer - Majority owner Michael Ashcroft notifies Gusbourne he wants to explore options for his 66.8% shareholding. The options could include a sale of his shares, a merger with another wine maker, and a capitalisation of all or part of his debt. Ashcroft is the former deputy chair of the Conservative Party. A similar decision to exit his holding in staffing firm Impellam Group PLC led to that company accepting a GBP483.2 million takeover from HeadFirst Global BV back in December. Gusbourne says it now is in an offer period, but neither it nor Ashcroft are currently in discussions with a potential buyer for Ashcroft's shares or the entire company. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Gusbourne PLC - Ashford, Kent-based sparkling wine maker - Total net revenue for 2023 is estimated about GBP7.1 million, up about 13% from GBP6.2 million in 2022. This is driven by UK wine sales of GBP5.0 million, up about 17% from GBP4.2 million. Gusbourne says international sales rise by about 7% to GBP1.5 million, accounting for 23% of total net wine sales, up from 22% in 2022. Gusbourne also makes revenue from winery tours. Adjusted loss before interest, tax, depreciation and amortisation is expected to have narrowed from GBP1.1 million in 2022, as gross margin increases to about 68% from 59%, thanks to "improved price and sales mix dynamics". Net debt on December 31 is about GBP17.8 million, with refinancing of debt completed last year. Read More
Gusbourne PLC - Ashford, England-based sparkling wine producer - Completes refinancing of debt arrangements held with PNC Financial Services UK Ltd and a company associated with Lord Ashcroft, through issue of a new GBP20 million long-term secured deep discount bond. New deal is with a company also associated with Lord Ashcroft, Moongate Holdings Group Ltd. Explains that the GBP20 million proceeds have been used to repay the existing PNC Facility amounting to GBP16.3 million, and repay the short-term unsecured loan of GBP1.5 million plus related fees and expenses of GBP0.6 million. Remaining proceeds will be used for working capital and to support Gusbourne's ongoing growth strategy. Financing issued at a discount of 7.75% per year on quarterly rests. Read More
(Alliance News) - Gusbourne PLC on Wednesday announced it has promoted its marketing director, Jonathan White, to chief executive officer. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Gusbourne PLC - Ashford, England-based sparkling wine producer - Says 2023 harvest is now complete, and is its biggest yield to date. Credits "warm growing season" for the "abundance of fruit". Read More
(Alliance News) - Gusbourne PLC on Thursday said it expects "strong" growth in 2023 despite posting an increased loss for the first half of the year amid higher administrative expenses. Read More
(Alliance News) - Gusbourne PLC on Wednesday said that a non-executive director, Mike Paul, has been appointed as interim chief executive officer. Read More
Gusbourne PLC - Ashford, England-based sparkling wine producer - Says Chief Executive Officer Charlie Holland will be stepping down from his position, with effect from September 6. The board will now begin the search process for a new CEO, and a further announcement will be made in due course. Read More
(Alliance News) - Gusbourne PLC on Wednesday reported an improved annual loss as it boasted "significant" consumer demand for its wines. Read More
Gusbourne PLC - sparkling wine maker in Kent and West Sussex, England - Three board members step down, while Chief Financial Officer Katharine Berry joins. Founder Andrew Weeber retires as non-executive director, effective immediately. Weeber planted the first vines for Gusbourne after purchasing the Appledore estate in Kent in 2003. Additionally, Jon Pollard, the 'guardian of the vines', leaves the board but remains as chief operating officer. CFO Berry joined Gusbourne in August last year. Read More