Stock market listing for Cains

June 11, 2007: Following its reverse takeover of AIM-listed Honeycombe Leisure plc — confirmed on Friday — Cains Beer Company plc has gained a stock market listing.

Headed by entrepreneurial brothers Sudarghara and Ajmail Dusanj, the new integrated business is a mix of more than100 pubs and popular Cains brandsm creating a £65.5m turnover business.

Chief executive Sudarghara Dusanj said the growth of the Cains brand was as important as the pub estate which would sell them.

He explained: “We have invested a lot of money into quality and the brand Cains in recent years, including launching a premium British lager when people thought we were crazy to take on the mass produced lager giants of the world.

“The lager is now our flagship brand, sold in some of the best restaurants and bars in the North West. Reversing the brewery into Honeycombe gives us another 100 outlets and increased distribution overnight. That will lead to further value for the Cains brand and a new, quality offering throughout the estate.

“There is a lot of hard work ahead to achieve what we have planned but with confirmation of the takeover and the massive support we have received from the Camra Members Investment Club we are confident that Cains can fulfil it’s vision of becoming Britain’s favourite beer company.”

The Cains Beer Company plc is listed on the AIM market and is 57.65 per cent owned by Sudarghara and Ajmail Dusanj, who take up the respective positions of chief executive and chief operating officer of the new business.