California Wine Company Makes Initial Public Offering on OFEX in the U.K.LONDON--(BUSINESS WIRE)--Dec. 16, 1996--California Wine company, the company which produces quality wines from the Napa Valley Napa Valley, Calif.: see under Napa. Napa Valley greatest wine-producing region of the United States. [Am. Hist.: NCE, 2990] See : Wine , has successfully raised L1.17 million via a placing of 2 million shares of common stock at 80p. This IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. is one of the largest placings on OFEX OFEX Off Exchange (Over-The-Counter Market established in 1995, Specialising in Smaller Companies) and trading starts Monday, December 16, 1996. OFEX is a public trading facility managed by J.P. Jenkins, Ltd. in London to allow in the shares of unquoted companies. The Company is sponsored by English Trust Company Limited in London. Description of the Business California Wine is an integrated grower and vintner of premium and super premium varietal wines. It produces and bottles Cabernet Sauvignon Cab·er·net Sauvignon n. 1. A variety of black grape used to make red wine, notably in Bordeaux and the Napa Valley. 2. A dry red wine made from this grape. [French. , Merlot, Chardonnay, Sauvignon Blanc, and White Zinfandel white zinfandel n. A medium-sweet rosé wine made from zinfandel grapes. under three distinct labels: Bandiera, Bandiera Reserve and Sage Creek. California Wine has developed a reputation as a producer of high quality wines at competitive prices. Since 1989, seven vintages of the Bandiera Cabernet Sauvignon and three vintages of the Bandiera Chardonnay have received Wine Spectator Wine Spectator is a lifestyle magazine that focuses on wine. Founded as a newsprint tabloid by Bob Morrisey in 1976, it was purchased three years later by publisher Marvin R. Shanken. In 2005, paid circulation was over 382,000 and the magazine reached an estimated 2. "BEST BUY" awards. California Wine owns and manages 215 acres of Napa Valley vineyards, and manages 165 acres of Sonoma Valley Sonoma Valley is the birthplace of the California wine industry and often called The Valley of the Moon. Sonoma Valley is home to some of the earliest vineyards and wineries in the state, some of which survived the phylloxera epidemic of the 1870s and the impact of and Carneros vineyards. The winery's current production capacity is 100,000 cases. It is licensed to distribute its wines throughout the United States and has recently appointed an agent to develop the distribution of its wines in the United Kingdom. Acquisition of Stonegate Winery The principal reason for the Offering was to enable California Wine to acquire the Stonegate Winery in the Napa Valley. The acquisition enables California Wine to break into the ultra premium wine market by producing Napa Valley Estate Bottled wines. Shareholders and Directors Over 80 percent of California Wine's shareholders are based in the U.K. Since 1991, it has had two U.K. resident non-executive directors, Campbell Allen (who holds 189,482 shares of Common Stock representing 4.3 percent) and John Gunn (who, together with his family trusts, holds 1,013,795 shares of Common Stock representing 22.9 percent). Inquiries The Prospectus may be viewed on the Internet at: http://www.wase./com/cwc/site . CONTACT: Balzac Communications Sara Moore or Paul Wagner, 800/709-7667 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion