(BES.L) Blavod Wines and Spirits PLC Buy/Sell

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Summary

Current Market Information

Time: 07:54 (Market Closed)

Bid	4.00
Ask	4.50
Price	4.25
Previous	4.25
Change	+0 (0.0000%)
Last Trade	4.25 (16:30:01)
Trading Vol.	0
Today's High	4.25
Today's Low	4.25

52 Wk Low	3.55
52 Wk Low	(12/01/2009)
52 Wk High	5.69
52 Wk High	(27/02/2009)
52 Wk Change	+0.38
52 Wk Change	(+9.68%)
4 Wk Volume	301,761
ISIN Number	GB0030164023
Currency	GBX

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NICL.L -1.33	CCR.L -10.18	BES.L -10.53	CGG.L -14.80

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Recent News
Date/Time	Headline	Source
09-10-09	Blavod Wines & Spirits plc - Director/PDMR Shareholding	HUG
Director/PDMR Shareholding Blavod Wines and Spirits plc ('the Company') 9 October 2009 Director/PDMR Shareholding The Company was notified on 8 October 2009 of the following transaction in the ordinary shares of 1p each in the capital of the Company ('Ordinary Shares'). Richard Ambler, Managing Director, purchased 118,483 Ordinary Shares at a price of 4.22 pence per share on 8 October 2009. Mr Ambler is now interested in 1,250,822 Ordinary Shares, representing 1.43 per cent of the issued share capital. For further information, please contact: Blavod Wines and Spirits plc Richard Ambler (Managing Director) 0207 352 2096 Brewin Dolphin (Nominated Adviser) Neil Baldwin 0845 213 4730 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement. More
08-10-09	Blavod Wines & Spirits plc - Convertible Loan Notes	HUG
Convertible Loan Notes Blavod Wines and Spirits PLC ('the Company') 8 October 2009 Convertible Loan Notes ('CLNs") The Board is pleased to announce that it has agreed to raise £0.4 million by the issue of £0.4 million nominal of convertible unsecured loan notes, and as such CLNs to the value of £0.4 million have been issued today, The principal terms of the CLNs are as follows: Interest: Interest will become payable on the CLNs at a rate equivalent to 6% per annum on the total redeemable value of the notes, such interest to be payable semi-annually in arrears on 31 March and 30 September of each year. Security: the CLNs will be unsecured. Term: the CLNs have a five year term maturing on 30 September 2014, unless converted or redeemed earlier. Redemption : The CLNs shall fall to be repayable on the earlier of 30 September 2014 and an event of default. In addition, the Company has the right to redeem the CLNs upon 30 days' written notice to CLN Holders. Conversion: at the option of the CLN holders, the principal of the CLNs shall be convertible at any time, in whole or in part, into new ordinary shares of 1p each in the Company as follows: at any time before 1 October 2010 at an equivalent price of 5p per share (ie every £1 nominal of CLN converts to 20 new ordinary shares); at any time between 1 October 2010 and 30 September 2011 at an equivalent price of 5.5p per share; and at any time between 1 October 2010 and 30 September 2014 at an equivalent price of 6p per share. For the avoidance of doubt, the conversion price is determined by the date on which formal application is made by the CLN holder to the Company, rather than the date on which any resultant shares are allotted or admitted to trading on AIM. Potential Dilution In the event that all the £0.4 million of CLNs are converted to share, this would result in the issue of a maximum of 8,000,000 Ordinary Shares, representing 8.35 per cent of the share capital (as enlarged by the conversion of all the CLNs.) Rationale for the Fundraising and use of Proceeds As set out in the Company's AGM statement in late July, sales in the first quarter of the year had shown growth of c35% year on year. As a result of this, the Company requires additional funding to provide working capital to finance the continued rapid growth of business in the important run up to Christmas. Currently the company has no bank facilities and has largely financed its growth via an invoice discounting facility. Given the Company's balance sheet, the ability to obtain extended bank finance is limited and would be very costly, and the Directors have concluded that the Company needs to strengthen its capital base. The creation of an unquoted unsecured convertible loan note with a 5 year duration provides the Company with medium term security of finance, whilst leaving the Company with flexibility surrounding its future funding options. Additionally, a convertible instrument provides the opportunity for these loans to be converted to equity capital over time, which would strengthen the Company's capital base. Your Directors have given consideration to the most appropriate method of sourcing subscribers for this instrument, balancing the desire to allow existing shareholders the chance to participate in any issue against the time and cost of so doing, and the likely take up of such an issue by those shareholders. Whilst in principle the Board would have preferred to offer all existing shareholders the opportunity to participate in the proposed fundraising by way of, for example, a rights issue, it was decided that, given the level of funds to be raised, conducting the capital raising primarily by way of a limited marketing of CLNs was a more suitable course of action. The principal reason for this has been that the extra management time and financial cost involved in conducting some form of pre-emptive issue would be considerable, and that the Company's resources are better allocated in achieving the Company's operational goals. The Company believes that the CLNs offer a secure form of funding for the medium term, and in the event that conversion occurs, this will be at an escalating price in each case at a premium to the current share price of 4.125p. Additionally the cost of securing the funding in terms of legal and advisory fees has been minimal. In the circumstances, the Directors believe that the issue of CLNs on the terms described represents the best opportunity for the Company to raise the working capital needed to move the business forward. Investment in the CLNs by Directors The following Directors have agreed to subscribe for £0.17 million of the £0.4 million CLNs to be issued. Their current shareholdings and their potential shareholdings as a result of conversion are also set out below `Director CLN Shares % of No of` `subscription held at issued shares` `present share issued` `capital assuming` `max` `conversion` `of CLNs` `Colin Campbell £100,000 1,515,000 1.73 2,000,000` `Lawrence Banks £50,000 2,245,000 2.56 1,000,000` `Richard Ambler £20,000 1,132,339 1.29 400,000` AT THE LOWEST CONVERSION PRICE OF 5P PER SHARE Related Party Transaction As mentioned above, the subscribers for the CLNs comprise directors Colin Campbell, Lawrence Banks and Richard Ambler. As such, their respective participation in the CLNs represent 'related party transactions' under the AIM Rules for Companies. Willie Phillips, the sole independent director, having consulted with the Company's nominated adviser, Brewin Dolphin Limited, considers that the terms of the subscription are fair and reasonable insofar as the Company's shareholders are concerned. Interim Results The Company expects to announce the interim results for the 6 months ended 30 September 2009 in the week commencing 14 December 2009. For further information please contact: Blavod Wines and Spirits PLC `Richard Ambler, Chief Executive 0207` 352 2096 Brewin Dolphin Investment Banking Neil Baldwin, Director 0845 213 4730 ENDS* ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement. More
24-09-09	Blavod Extreme Spirits PLC - Holding(s) in Company	HUG
Holding(s) in Company +------------------------------------------------+ \| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES \| +------------------------------------------------+ +-------------------------------------------------------------------+ `\| 1. Identity of the issuer or the underlying \| Blavod Extreme \|` `\| issuer of existing shares to which voting \| Spirits Plc \|` `\| rights are attached: \| \|` +-------------------------------------------------------------------+ +-------------------------------------------------------------------+ \| 2 Reason for the notification (please tick the appropriate box or \| `\| boxes): \|` \|-------------------------------------------------------------------\| `\| \| \|` `\| An acquisition or disposal of voting rights \| Yes \|` \|-------------------------------------------------------------+-----\| `\| \| \|` `\| An acquisition or disposal of qualifying financial \| \|` `\| instruments which may result in the acquisition of shares \| \|` `\| already issued to which voting rights are attached \| \|` \|-------------------------------------------------------------+-----\| `\| \| \|` `\| An acquisition or disposal of instruments with similar \| \|` `\| economic effect to qualifying financial instruments \| \|` \|-------------------------------------------------------------+-----\| `\| \| \|` `\| An event changing the breakdown of voting rights \| \|` \|-------------------------------------------------------------+-----\| `\| \| \| \|` `\| Other (please specify): \| \| \|` +-------------------------------------------------------------------+ +-------------------------------------------------------------------+ `\| 3. Full name of person(s) subject to the \| Barclays Plc \|` `\| notification obligation: \| \|` `\| \| \|` \|------------------------------------------+------------------------\| `\| 4. Full name of shareholder(s) (if \| Barclays Stockbrokers \|` `\| different from 3.): \| Ltd \|` `\| \| Gerrard Investment \|` `\| \| Management Ltd \|` \|------------------------------------------+------------------------\| `\| 5. Date of the transaction and date on \| 21-Sept-09 \|` `\| which the threshold is crossed or \| \|` `\| reached: \| \|` `\| \| \|` \|------------------------------------------+------------------------\| `\| 6. Date on which issuer notified: \| 22-Sept-09 \|` `\| \| \|` \|------------------------------------------+------------------------\| `\| 7. Threshold(s) that is/are crossed or \| 5% to 6% \|` `\| reached: \| \|` `\| \| \|` +-------------------------------------------------------------------+ +----------------------------------------------------------------------------------------------+ `\|8. Notified details: \|` \|----------------------------------------------------------------------------------------------\| `\|A: Voting rights attached to shares \|` `\| \|` \|----------------------------------------------------------------------------------------------\| \|Class/type of \|Situation previous \|Resulting situation after the triggering transaction \| `\|shares \|to the triggering \| \|` `\|if possible \|transaction \| \|` \|using \|------------------------+-----------------------------------------------------\| `\|the ISIN CODE \|Number \|Number \|Number \|Number of voting \|% of voting rights\|` `\| \|of \|of \|of shares \|rights \| \|` `\| \|Shares \|Voting \|------------+--------------------+-------------------\|` `\| \| \|Rights \|Direct \|Direct \|Indirect \|Direct \|Indirect \|` \|---------------+-----------+------------+------------+--------+-----------+--------+----------\| `\| GB0030164023 \| \| \| \| \| \| \| \|` `\|---------------\|5,102,945 \| 5,102,945 \| 5,584,409 \| 0 \|5,584,409 \|0.00 \|6.36 \|` `\| \| \| \| \| \| \| \| \|` +----------------------------------------------------------------------------------------------+ +-------------------------------------------------------------------+ `\| B: Qualifying Financial Instruments \|` \|-------------------------------------------------------------------\| `\| Resulting situation after the triggering transaction \|` `\| \|` \|-------------------------------------------------------------------\| `\| Type of \| Expiration \| Exercise/ \| Number of voting \| % of \|` `\| financial \| date \| Conversion \| rights that may \| voting \|` `\| instrument \| \| Period \| be \| rights \|` `\| \| \| \| acquired if the \| \|` `\| \| \| \| instrument is \| \|` `\| \| \| \| exercised/ \| \|` `\| \| \| \| converted. \| \|` `\| \| \| \| \| \|` \|------------+------------+------------+-------------------+--------\| `\| \| \| \| \| \|` +-------------------------------------------------------------------+ +--------------------------------------------------------------------------------+ \|C: Financial Instruments with similar economic effect to Qualifying Financial \| `\|Instruments \|` \|--------------------------------------------------------------------------------\| `\|Resulting situation after the triggering transaction \|` `\| \|` \|--------------------------------------------------------------------------------\| `\|Type of \|Exercise \|Expiration \|Exercise/ \|Number of \|% of voting \|` `\|financial \|price \|date \|Conversion \|voting \|rights \|` `\|instrument \| \| \|period \|rights \| \|` `\| \| \| \| \|instrument \| \|` `\| \| \| \| \|refers to \| \|` \|--------------+----------+------------+------------+------------+---------------\| `\| \| \| \| \| \|Nominal \|Delta \|` `\| \| \| \| \| \| \| \|` `\| \| \| \| \| \|--------+------\|` `\| \| \| \| \| \| \| \|` +--------------------------------------------------------------------------------+ +-------------------------------------------------------+ `\| Total (A+B+C) \|` `\| \|` \|-------------------------------------------------------\| \| Number of voting rights \| Percentage of voting rights \| \|-------------------------+-----------------------------\| `\| 5,584,409 \| 6.36 \|` +-------------------------------------------------------+ +-------------------------------------------------------------------+ `\| 9. Chain of controlled undertakings through which the voting \|` `\| rights and/or the \|` `\| financial instruments are effectively held, if applicable: \|` \|-------------------------------------------------------------------\| `\| Barclays Stockbrokers Ltd \|` `\| Gerrard Investment Management Ltd \|` `\| \|` `\| \|` `\| \|` `\| \|` `\| \|` `\| \|` +-------------------------------------------------------------------+ +-------------------------------------------------------------------+ `\| Proxy Voting: \|` `\| \|` \|-------------------------------------------------------------------\| `\| 10. Name of the proxy holder: \| \|` `\| \| \|` \|---------------------------------------------------------------+---\| `\| 11. Number of voting rights proxy holder will cease to hold: \| \|` `\| \| \|` \|---------------------------------------------------------------+---\| `\| 12. Date on which proxy holder will cease to hold voting \| \|` `\| rights: \| \|` `\| \| \|` +-------------------------------------------------------------------+ +-----------------------------------------------+ `\| 13. Additional information: \| \|` `\| \| \|` \|-------------------------------+---------------\| `\| 14. Contact name: \| Geoff Smith \|` `\| \| \|` \|-------------------------------+---------------\| \| 15. Contact telephone number: \| 020 7116 2913 \| `\| \| \|` +-----------------------------------------------+ ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement. More
23-07-09	Blavod Extreme Spirits PLC - AGM Statement and Result	HUG
AGM Statement and Result Blavod Extreme Spirits plc ("the "Company") AGM Statement and Result At the Company's AGM held earlier today, Colin Campbell, Chairman, gave the following update on trading: "We are pleased to report that since we released our final results for the year ended 31 March 2009, sales growth of spirits, has remained healthy at over 35% during the first quarter of our current financial year. Whilst the Company experienced a strong UK market during this period, the export business, particularly in duty free, continued to be difficult. Notwithstanding the current economic challenges, the Board remains optimistic about the opportunities available to the Company and is particularly encouraged by the addition of the Bruichladdich Islay Malt Scotch announced last month which further strengthens our portfolio." The Company announces that all the resolutions proposed at today's AGM were duly passed including the resolution to change the Company's name to Blavod Wines and Spirits plc. For further information, please contact: Blavod Extreme Spirits plc Richard Ambler (Managing Director) 0207 352 2096 Brewin Dolphin (Nominated Adviser) Neil Baldwin 0845 213 4730 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement. More

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1 to 4 of 274 Messages

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Date/Time	Subject	Author
03-11-09	HOLD Ready made classic drinks	caillou


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	I wonder what, if anything, that Blavod are doing to ensure that they capitalise upon the "exponential" growth in the popularity of ready-made classic drinks, such as gin and tonic in the can?? More \| View thread (1) \| Respond \| Login to Vote up \| Login to Vote down
14-10-09	BUY Trading Places at 11 AM is Richard Amble...	berny3


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	Guest CEO on Trading Places at 11 AM is Richard Ambler of Blavod - watch him live on www.sharecrazy.com More \| View thread (1) \| Respond \| Login to Vote up \| Login to Vote down
12-10-09	BUY director buys	ruudboy99


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	CEO Richard Ambler had bought shares in the aftermarket at 4.25p having also recently participated in the £400,000 convertible issue More \| View thread (1) \| Respond \| Login to Vote up \| Login to Vote down
10-10-09	BUY Re: Working Capital	berny3


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	If you discount the value of the brands to zero in comparison it is suprising how little tangiable assets compared to market value Diageo or someone like Thai Beverages has. More \| View thread (4) \| Respond \| Login to Vote up \| Login to Vote down

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