As previously announced by the company in its latest Annual Report, there will be no further auctions in the shares of the company on Asset Match.
Please direct any queries to dealing@assetmatch.com or call 020 7248 2788.
Interested in British Country Inns 4 Plc?
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British Country Inns 4 plc operates a small estate of four quality food-led country pubs in locations in Herefordshire and the Welsh borders.
The company is part of a larger British Country Inns group of four companies comprising a total of 19 pubs across South, East, West of England and Wales. Over £30 million was raised across the four companies by Smith & Williamson via the Enterprise Investment Scheme between 2005 and 2007. The trading concept is high quality food-led country inns operated by a highly experienced management team.
The pub estate includes the following, and both shareholders and potential investors are encouraged to visit them:
Royal Oak, Ledbury, Herefordshire
Inn On The Wye, Ross on Wye, Herefordshire
Three Horseshoes, Allensmore, Herefordshire
The Old Barn, Brecon, Powys
Auction details
British Country Inns 4 plc was admitted to trading on Asset Match on 1 October 2014 at a price of 30 pence per share.
Auctions are held quarterly and close at 4pm on the fifth Thursday of the months of January, April, July and October (unless stated otherwise).
Instructions for participation can be found by clicking on the "Auction instructions" tab above.
Asset Match Auction Timeline
To participate in this auction, please follow the steps below.
1. Auction Period
Email dealing@assetmatch.com with your expression of interest for inclusion in the auction, stating:
a. Whether you are a buyer or a seller;
b. The number of shares you wish to buy or sell and the limit price per share;
c. Contact details for your stockbroker or member of your dealing team, including the name of the person, email address and telephone number;
d. Your client reference number with your stockbroker, if applicable; and
e. For sellers only, your share certificate number and correspondence address.
Please note you can amend your instruction during this window by following the steps above.
2. Auction Close
Auctions close at 4pm on the closing date, after which no further expression of interest can be included in the auction. Based on expressions of interest received, and whether an indicative price has been derived, auction participants will be contacted by Asset Match to confirm their allocation and will be provided with further information on next steps.
3. Post–Auction (for 1 week period after auction close)
Successful auction participants will be asked to complete their order by going through the following steps. These may include:
a. Setting up an individual or broker account with Daniel Stewart & Co, the preferred broker for the auction, if you do not have a stockbroker or if your stockbroker will not process your order for whatever reason;
b. For sellers only, signing of a stock transfer form and sending this in to Asset Match along with your original share certificate; and
c. For buyers, remit the funds needed to complete your purchase to your broker account.
Asset Match will provide all necessary documentation for your circumstances and we estimate that this post-auction period will take 1 week to complete from the close of the auction.
4. Settlement (approximately 30 days after post-auction period)
Confirmation of orders and settlement will be handled by Daniel Stewart & Co. The timing of settlement will typically be one month (30 days).
Martin Sherwood Chairman
Martin has many years’ experience of small company equity fund-raising, dating back to the 1980s, particularly through tax-efficient vehicles such as the EIS. He was founder of Tax Efficient Solutions at Teather & Greenwood, which subsequently moved to Smith & Williamson, which he left to co-found Enterprise in 2010. He is a founder director of the EIS Association, the official trade body of the Enterprise Investment Scheme.
Peter Mathews Executive Director
Peter is responsible for the day to day operations of BCI 2, in particular for ensuring high standards of food quality and service are maintained. He was previously Director of Retail Catering for Wolverhampton & Dudley and subsequently Operations Director of English Country Inns plc, a successful EIS company.
Tim Udell Executive Director
Tim has held a number of senior management positions in the licenced trade over the last 35 years, including Retail Director of Shepherd Neame. He was Chief Executive of English Country Inns plc, a successful EIS company.
David Mayes Non-Executive Director
David is an experienced financial professional, having operated in financial markets for many years. He was MD at Credit Suisse for many years and retains a seat on the board of Credit Suisse Pension Fund.