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Description of business:
Shellproof PLC and its subsidiary, Shellproof Wines, is engaged in the operation and development of an English sparkling wine business that is currently based on Shellproof Wines' freehold land at Halnaker, West Sussex and on other sites in West Sussex. At 31 March 2013 Shellproof PLC had funds available for further investment of 3.1 million. The Company is proposing to acquire the Gusbourne Estates Business and related Freehold Property based near Ashford, Kent. On Admission it is proposed that the name of Shellproof PLC will be changed to Gusbourne PLC. The Company's principal activity will remain the operation and development of an English sparkling wine business, although following admission this will incorporate the award winning Gusbourne brand. The Company intends to take advantage of further anticipated market growth in the English sparkling wine industry and intends to plant a further 100 acres of vineyards on its freehold property, resulting in over 200 acres of prime vineyards in Kent and Sussex. The Company expects to be producing, at full maturity, grapes sufficient for the production of approximately 500,000 bottles of wine per annum. The Company's main country of operation is the United Kingdom. Admission is sought as a result of a reverse take-over under Rule 14 of the AIM Rules for Companies.

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Shellproof Plc to be renamed Gusbourne Plc on admission

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