Peel Hunt is acting as broker to Vine Acquisitions Limited (a newly incorporated company formed at the direction of Patron Fund V) on its Recommended Final Cash Offer (to be effected by way of a Scheme of Arrangement) for Punch Taverns plc at a price of 180 pence in cash for each Punch Tavern share which values the fully diluted share capital of Punch Taverns at c.£402.7m.