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Blavod Wines & Spts (DIS)

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Friday 19 October, 2012

Blavod Wines & Spts

Update re Proposed Placing and Debt Conversion

RNS Number : 0530P
Blavod Wines and Spirits PLC
19 October 2012
 

Blavod Wines and Spirits PLC
("Blavod" or the "Company")

 

19 October 2012

 

Update re Proposed Placing and Debt Conversion

 

Further to the announcement of 16 October 2012, Blavod (AIM:BES) announces that the re-admission of the Company's 87,758,508 existing ordinary shares to trading on AIM pursuant to the Capital Reorganisation will take place at 8.00 a.m.

 

Admission of the 159,999,999 New Ordinary Shares to be issued pursuant to the Placing, and the 58,344,000 New Ordinary Shares to be issued pursuant to the Debt Conversion, is expected to occur on or before 26 October 2012.

 

A further announcement in respect of the revised Admission date, date of crediting of CREST accounts and the date of the dispatch of definitive share certificates, where applicable, will be made in due course.

 

Other than where stated, capitalised terms used in this notice shall have the same meaning as ascribed to them in the circular to Shareholders dated 28 September 2012.

 

For further information please contact:

 

Blavod Wines and Spirits plc


Don Goulding - Executive Chairman

Tel: +44 207 352 2096

 

N+1 Brewin (NOMAD & Joint Broker)


Richard Lindley

Aubrey Powell

Alex Wright

Tel: +44 113 241 0181

Tel: +44 203 201 3710

Tel: +44 203 201 3710

 

Simple Investments (Joint Broker)


Nick Emerson

Renato Rufus

 

Tel: +44 1483 413500

 

Cadogan PR


Alex Walters

Tel: +44 207 839 9260

 

 

About Blavod

Blavod Wines & Spirits plc is quoted on the AIM market of the London Stock Exchange. It owns drinks brands in a number of sectors of the alcoholic drinks market. These include premium Vodka, premium Gin and Rum and are called Blavod Original Black Vodka, Blackwood's Vintage Gin & Nordic Vodka, Diva Vodka, Jago's Cream liqueur and RedLeg.

 

The Group markets and sells these brands in the UK as well as a number of international markets including the US and Russia and has recently announced an agreement with Waldemar Behn GmbH for them to produce, market and distribute Blavod black vodka in Germany under a licensing agreement to their domestic and Duty-Free/Travel Retail markets as well as continental and Eastern Europe.

 

Through a wholly owned subsidiary, Blavod Drinks Ltd, the Company represents a portfolio of premium quality wine, spirit and liqueur brands in the UK.


www.blavoddrinks.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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