Western Gate Investments

Stock Spirits Group PLC

Stock Spirits is a Central and Eastern European branded spirits producer. Their vision is to be the leading spirits business in Central and Eastern Europe. They have a portfolio of more than 45 brands across a broad range of spirits, including vodka, vodka-based flavoured liqueurs, rum, brandy, bitters and limoncello. Stock Spirits’ core markets are Poland, the Czech Republic and Italy. Stock Spirits is traded on the London Stock Exchange.

Western Gate first invested in Stock Spirits in 2015 and is currently the largest shareholder with a 10% stake in the company. Stock Spirts appealed to Western Gate as the share price and market share positions showed significant room for value creation. At that time, Stock Spirits campaigned successfully for the removal of the CEO and consequent appointment of the current holder of the position. Western Gate also encouraged the reduction of central costs and the refocusing on its core markets.

Since then, the stock price has doubled and the company is gaining market share in Poland and Czech Republic. The company has also completed acquisitions, namely 25% of Quintessential Brands and more recently has announced the acquisition of Distillerie Franciacorta in Italy.

 

 

NEWS - Stock Spirits Group PLC

14th February 2019: Western Gate welcomes the large protest vote against Stock Spirits Chairman and SID

29th January 2019: Presentation: Western Gate calls for the removal of David Maloney, Chairman and John Nicolson, Senior Independent Director of Stock Spirits

29th January 2019: Letter to fellow Shareholders of Stock Spirits Group PLC

28th January 2019: Western Gate calls for the removal of David Maloney, Chairman and John Nicolson, Senior Independent Director of Stock Spirits

31st August 2017: Letter to the Board - the view on recent results and investment

27th April 2017: Voting intentions at the 2017 AGM

9th March 2017: More concerns about Stock Spirit'’s future

31st January 2017: Update on market results

24th January 2017: Statement re Alberto da Ponte

16th January 2017: Response to Stock Spirits’ pre-close trading update

9th December 2016: Update on market results

25th November 2016: Update on market results

31st October 2016: Ongoing poor Corporate Governance at Stock Spirits

27th October 2016: Stock Spirits’ Board salaries compared to companies with similar market capitalization

23rd May 2016: Response to Result of Stock Spirits’ AGM

17th May 2016: Response to Stock Spirits’ update in relation to Western Gate requisitioned resolutions

17th May 2016: The Daily Telegraph - Tycoon’s attempt to shake-up Stock Spirits board receives more heavyweight support

16th May 2016: Response to reports on the Stock Spirits AGM from ISS, Glass Lewis and PIRC

16th May 2016: City AM - Scene set for feisty AGM as backing grows for Stock Spirits’ investor

11th May 2016: Daily Telegraph - Pressure for shake-up at Stock Spirits

3rd May 2016: Western Gate Presentation

20th April 2016: Letter to Fellow Shareholders of Stock Spirits Group plc - English

20th April 2016: Letter to Fellow Shareholders of Stock Spirits Group plc - Polish

19th April 2016: Comment in response to Stock Spirits Group plc’s announcement – English

19th April 2016: Daily Telegraph - Boss bows out to revive Stock Spirits

18th April 2016: Response to the Retirement of Stock Spirits’ Chief Executive Officer – English

18th April 2016: Response to the Retirement of Stock Spirits’ Chief Executive Officer – Polish

9th April 2016: The Daily Telegraph - Rebellion grows at vodka maker Stock Spirits

5th April 2016: Fresh perspectives required at Stock Spirits Group plc – press announcement and letter to shareholders – English

5th April 2016: Fresh perspectives required at Stock Spirits Group plc – press announcement and letter to shareholders – Polish

 

 

DISCLAIMER - Stock Spirits

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