Director/PDMR Shareholding

Business Wire (UK Regulatory) |

LONDON--(BUSINESS WIRE)--

Chapel Down Group plc

(“Chapel Down” or “the Company”)

EPIC: CDGP

Director/PDMR Shareholdings and Issue of Equity

Chapel Down plc, the NEX listed English wine and drinks producer, announces that it has been informed that the following dealings in its ordinary shares of 5 pence each (“Ordinary Shares”) took place on 13 :

  • John Dunsmore, Chairman of the Company, sold 1,357,353 Ordinary Shares at a price of 55 pence per Ordinary Share. Following this sale, Mr Dunsmore’s total beneficial shareholding in the Company is 4,072,057 Ordinary Shares, representing approximately 2.9% of the Company’s enlarged issued share capital;
  • Richard Woodhouse, CFO of the Company, exercised and subsequently sold 144,263 options over Ordinary Shares (“Options”). The Options were exercised at a price of 15 pence per Ordinary Share and were subsequently sold at a price of 55 pence per Ordinary Share. Following this sale, Mr Woodhouse’s total beneficial shareholding in the Company is 929,951 Ordinary Shares, representing approximately 0.7% of the Company’s enlarged issued share capital;
  • Paul Brett, Non-Executive Director of the Company, sold 13,352,097 Ordinary Shares at a price of 55 pence per Ordinary Share. Following this sale, Mr Brett is not beneficially interested in any Ordinary Shares; and
  • Lombard Odier, a substantial shareholder in the Company, purchased 556,893 Ordinary Shares at a price of 55 pence per Ordinary Share. Jamie Brooke is a Non-Executive Director of the Company and a fund manager at Lombard Odier, making him a person closely associated with Lombard Odier. Following this purchase, Lombard Odier’s total beneficial shareholding in the Company is 18,230,456 Ordinary Shares, representing approximately 12.9% of the Company’s enlarged issued share capital.

The Ordinary Shares have been acquired by IPGL, the family office of Michael Spencer, and one of the worlds leading global institutional investors.

Commenting on the transactions Frazer Thompson, Chief Executive of Chapel Down said;

“It’s humbling and exciting that both IPGL and a leading global institutional investor have substantially increased their holdings in the Company. They are great investors to have alongside Lombard Odier, John Dunsmore and Nigel Wray as we continue to grow our business.”

Issue of Equity

Following the exercise of the Options, application has been made for 144,263 Ordinary Shares to be admitted to the NEX Exchange, which will rank pari passu with the Company's existing Ordinary Shares, and admission to trading is expected to be effective on ("Admission").

Following Admission of the new Ordinary Shares, the Company will have 141,165,211 Ordinary Shares in issue with each share carrying the right to one vote. This figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Contact

Chapel Down Group plc

Frazer Thompson

Richard Woodhouse

      Chief Executive

Finance Director

      01580 763 033
 
finnCap Ltd

Geoff Nash/Simon Hicks

Stephen Norcross

Corporate Finance

Corporate Broking

020 7220 0500

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.   Details of the person discharging managerial responsibilities / person closely associated
a) Name   John Dunsmore
2. Reason for the Notification
a) Position/status Chairman
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Chapel Down Group plc
b) LEI 213800BAUCZ4OXC97W72
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 5 pence each
Identification code n/a
b) Nature of the transaction Sale of Ordinary Shares
c) Price(s) and volume(s)

Volume

1,357,353

Price
55p

 

d) Aggregated information:

 

  • Aggregated volume
  • Price
See 4(d) above
e) Date of the transaction
f) Place of the transaction NEX Exchange Growth Market, London
1.   Details of the person discharging managerial responsibilities / person closely associated
a) Name   Richard Woodhouse
2. Reason for the Notification
a) Position/status CFO
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Chapel Down Group plc
b) LEI 213800BAUCZ4OXC97W72
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Options over Ordinary Shares of 5 pence each

Ordinary Shares of 5 pence each

Identification code n/a
b) Nature of the transaction Exercise of Options over Ordinary Shares

Sale of Ordinary Shares

c) Price(s) and volume(s)

Exercise of Options over Ordinary Shares

Volume
144,263


Price
15p

 

Sale of Ordinary Shares

Volume

144,263


Price
55p

 

d) Aggregated information:

 

  • Aggregated volume
  • Price
See 4(d) above
e) Date of the transaction
f) Place of the transaction NEX Exchange Growth Market, London
1.   Details of the person discharging managerial responsibilities / person closely associated
a) Name   Paul Brett
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Chapel Down Group plc
b) LEI 213800BAUCZ4OXC97W72
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 5 pence each
Identification code n/a
b) Nature of the transaction Sale of Ordinary Shares
c) Price(s) and volume(s)

Volume

13,352,097


Price
55p

 

d) Aggregated information:

 

  • Aggregated volume
  • Price
See 4(d) above
e) Date of the transaction
f) Place of the transaction NEX Exchange Growth Market, London
1.   Details of the person discharging managerial responsibilities / person closely associated
a) Name   Jamie Brooke, a person closely associated with Lombard Odier
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Chapel Down Group plc
b) LEI 213800BAUCZ4OXC97W72
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 5 pence each
Identification code n/a
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s)

Volume
556,893


Price
55p

 

d) Aggregated information:

 

  • Aggregated volume
  • Price
See 4(d) above
e) Date of the transaction
f) Place of the transaction NEX Exchange Growth Market, London

Chapel Down Group plc

Source: Chapel Down Group plc

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