GSH Issuing of short-form IM and Trading Update

Good Spirits Hospitality Limited has announced that it is pursuing a sale of its nine operating venues and has appointed Tonnant Partners as its transaction adviser.

A short form information memorandum will be issued to interested parties on 21 December 2022 and a long form information memorandum will be available from 23 January 2023.

The board is aiming to receive non-binding indicative bids by 24 February 2023.

Operating revenue from the nine venues was $10.7m in the first five months of FY23, with all venues trading profitably, and GSH is expecting a significantly improved financial result in FY23.