Hambledon share issue falls short

13 April, 2011

Hambledon Vineyard has raised £3.5 million with its share issue – slightly less than its £4 million target.

The Hampshire vineyard ran a share offer to help establish itself as a large-scale sparkling wine producer, marketing 250,000 bottles a year.

Directors are now talking to “other interested parties” to take the fundraising up to £4 million.

Managing director Ian Kellett, who bought Hambledon in 1999, said he was “delighted” with the response from investors. “This is the start of a very exciting time and I am very much looking forward to trying to deliver an award-winning English sparkling wine,” he added.

John Armit, who was managing dirrector of Corney & Barrow before establishing Armit Wines, is an independent director of Hambledon.

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English wine: a happy harvest for Christmas

All across England and Wales, vineyards are being harvested. Down winding country lanes come armies of welly-wearing conscripts wielding secateurs and buckets, ready to reap the rewards of our vines. Happily they come, their cheeks ruddy with pride. Half an hour later they’re crawling over muddy clods with lacerated hands, drenched in claggy juice and cold sweat, as if ploughing through an endurance race.

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