Dingle Brewing Co – Going Public & Issuing Shares
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MyBeer Buzz
I’ll admit I have a real soft spot for Dingle Brewing Co. I visited the brewery in June 2010 and I just knew it was a wonderful place for craft beer lovers. Now comes word from the IrishExaminer that Dingle Brewing Co is going public and selling shares:
The brewery’s director, Jerry O’Sullivan, decided to try and fund the expansion by issuing shares in the year-old brewery.
"The brewery is at maximum capacity so we are looking to expand. We were looking for investors and instead of trying to just get one bank to invest we decided we’d try and get lots of small investors. We are hoping we’ll be able to give something back to them," said Mr O’Sullivan.
The Dingle Brewing Company is looking to raise €1m to fund a three-phase development plan for the brewery.
The brewery produces 2,000 litres of beer a day and once investment is secured and the brewery extended it is hoped capacity will increase to 2,000 kegs a day.
In order to finance this, 10% of the company has been made available to the public through the issue of ‘D shares.
"We have the site identified and the designs are done. It is just a case of raising the funds. It would be great for the product," said Mr O’Sullivan.
There are three different options for potential investors — a silver option for €100, that includes a certificate of ownership, a gift pack and a personalised silver-engraved plaque mounted in the brewery.
A gold option for €300. this includes three ‘D’ shares, a certificate of ownership, a gift pack and a personalised gold-engraved plaque in the brewery.
The platinum option for €500 gives investors five ‘D’ shares, a certificate of ownership, a gift pack and a platinum-engraved plaque mounted in the brewery.
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