What’s at stake: A $20.7m deal to sell listed publican Good Spirits Hospitality to a related party of its chief executive, Geoff Tuttle.
Background: GSH agreed to sell its nine trading assets to Brew on Quay for $20.7 million in August, following a drawn-out sales process that was triggered when the company’s financier and largest shareholder, Nomura, agreed to extend the company’s $27.5m loan facility until the end of 2023.
Key players: Good Spirits Hospitality, Nomura, Geoff Tuttle, Richard Sigley, Brew on Quay, Tonnant Partners, Charles Whiting, Jacob Vermunt, John Seton, Andrew Christie.
A significant shareholder in listed publican Good Spirits Hospitality has alleged they were excluded from trying to buy the company and raised questions about how the “conflict of interest” in reaching a deal to sell to a related party of chief executive Geoff Tuttle was handled.
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Key points
What’s at stake: A $20.7m deal to sell listed publican Good Spirits Hospitality to a related party of its chief executive, Geoff Tuttle.
Background: GSH agreed to sell its nine trading assets to Brew on Quay for $20.7 million in August, following a drawn-out sales process that was triggered when the company’s financier and largest shareholder, Nomura, agreed to extend the company’s $27.5m loan facility until the end of 2023.
Key players: Good Spirits Hospitality, Nomura, Geoff Tuttle, Richard Sigley, Brew on Quay, Tonnant Partners, Charles Whiting, Jacob Vermunt, John Seton, Andrew Christie.
