Acquisition of the Gusbourne Estate and placing by Shellproof Plc

Shellproof plc, an English sparkling and still wine producer, recently completed the acquisition of the Gusbourne Estate business in Kent and its related property for consideration of £7m. Simultaneously the company also completed a placing, raising £2.9m, and the enlarged group was re-admitted to AIM as Gusbourne plc.   Wines produced at the Gusbourne Estate have won numerous accolades, including international gold awards. Following the transaction the group has over 100 acres of planted vineyards, and it is planned that a further 100 acres will be planted. BDO acted as reporting accountant on the transaction.