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

1st February 2021: AGM 2021 – Letter to Shareholders.

1st February 2021: AGM 2021 Press Release: Western Gate intends to vote against the Chairman and Senior Independent Director.

1st February 2021: AGM 2021 – Western Gate Voting Intentions.

26th May 2020: Western Gate comment on Stock Spirits Interim 2020 Results.

25th March 2020: Western Gate Supports Stock Spirits’ initiative on production of hand sanitiser.

6th February 2020: Western Gate Response to Annual General Meeting 2020

27th January 2020: Publication of Voting Intentions

20th January 2020: Letter to Shareholders from Western Gate

6th January 2020: Response to the Stock Spirits notice of General Meeting and hostility towards special dividend AGM resolution

19th December 2019: Western Gate calls for a special dividend by Stock Spirits

19th December 2019: Presentation: Western Gate calls for change at Stock Spirits – Keys issues and rationale

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

This website contains announcements, documents and information (the "Information") relating to the resolutions requisitioned by Western Gate Private Investments Limited ("Western Gate") to be put to shareholders of Stock Spirits Group plc ("Stock Spirits") at the annual general meeting of Stock Spirits to be held on 17 May 2016.

The information is being made available in good faith and for information purposes only, and its availability is subject to the terms and conditions set out below. If you are not permitted to view the information on this website, or viewing the information would result in a breach of the above, or you are in any doubt as to whether you are permitted to view the information, please exit this web page.

Access to the Information
Please read this notice carefully - it applies to all persons who view this website and, depending upon who you are and where you live, it may affect your rights. This notice and the information contained herein may be altered or updated from time to time, and should be read carefully each time you visit this website.

For regulatory reasons, we have to ensure you are aware of the appropriate regulations for the country which you are in. To allow you to view the Information, you have to read the following notices.

Please note that this disclaimer may be altered or updated. You should read it in full each time you access this website.

The Information speaks only at the date of the relevant document or announcement reproduced on the website, and Western Gate has, and accepts, no responsibility or duty to update any such information, document or announcement and reserves the right to add to, remove or amend any information reproduced on this part of the website at any time.

Neither the directors of Western Gate, nor any of its subsidiaries or affiliated companies, have reviewed, and no such person is or shall be responsible for or accepts any liability in respect of, any information contained on any other website which may be linked to this website by a third party.

The Information has been derived from publicly available information only. Any opinions expressed in the Information are (except where expressly stated otherwise) those of Western Gate only and no reliance may be placed for any purposes whatsoever on the information or opinions contained in the Information or on its completeness. No representation or warranty, express or implied, is given by or on behalf of Western Gate or its subsidiary undertakings, affiliates, respective agents or advisers or any of such persons’ affiliates, directors, officers or employees or any other person as so to the fairness, accuracy, completeness or verification of the information or the opinions contained in the Information and no liability is accepted for any such information or opinions.

This Information is being made only to and is directed only at persons in the United Kingdom having professional experience in matters relating to investments, being investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended.

The Information is not directed at and should not be relied upon, used or transmitted to any person to whom it would be unlawful to make the Information available. Furthermore, for the avoidance of doubt, the Information is not intended to be directed or available in any jurisdiction where it would be unlawful to direct it or make it available.

Nothing contained in the Information is or is to be construed as an offer of securities or an invitation or inducement to engage in investment activity including the purchase, sale, exchange or subscription for securities of any nature.

Overseas Persons
The Information is not for publication or distribution, directly or indirectly, in or into any jurisdiction where to do so would violate the law of that jurisdiction (a "Restricted Jurisdiction"), and the availability of the Information to shareholders who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Persons who are not resident in the United Kingdom should inform themselves of, and observe, any applicable regulatory and legal requirements.

The Information may not be downloaded or accessed by any person either in whole or in part from or within a Restricted Jurisdiction or where to do so would or may constitute a breach of any applicable local laws or regulations.