19th Feb 2025 15:01
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".
Current stock price: 18.00 pence
12-month change: down 74%
By Tom Waite, Alliance News editor
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