Director/PDMR Shareholding Business Wire

LONDON--(BUSINESS WIRE)--

 

Chapel Down Group plc

(“Chapel Down” or the “Company” or the “Group”)

EPIC: CDGP

Director/PDMR Shareholdings and Issue of Equity

Chapel Down, the market leader in English wines, announces that it has been informed that the following dealings in its ordinary shares of 5 pence each (“Ordinary Shares”) took place earlier today:

  • Richard Woodhouse, Finance Director of the Company, exercised 554,076 options over Ordinary Shares (“Options”). There were 276,234 and 277,842 Options exercised at a price of 10 pence and 17 pence per Ordinary Share respectively. 260,000 of these Ordinary Shares were subsequently sold at a price of 42.5 pence per Ordinary Share. The Ordinary Shares were sold to satisfy tax liabilities arising on the exercise and associated dealing costs. Following this exercise and sale, Mr Woodhouse’s total beneficial shareholding in the Company is 1,227,389 Ordinary Shares, representing approximately 0.77% of the Company’s enlarged issued share capital;
  • Guy Tresnan, Retail and Export Director, exercised 1,168,005 Options. There were 745,900 Options exercised at a price of 10 pence per Ordinary Share, 144,263 Options exercised at a price of 15 pence per Ordinary Share and 277,842 Options exercised at a price of 17 pence per Ordinary Share. 540,000 of these Ordinary Shares were subsequently sold at a price of 42.5 pence per Ordinary Share. The Ordinary Shares were sold to satisfy tax liabilities arising on the exercise and associated dealing costs. Following this exercise and sale, Mr Tresnan’s total beneficial shareholding in the Company is 1,093,062 Ordinary Shares, representing approximately 0.69% of the Company’s enlarged issued share capital; and
  • IPGL Limited (“IPGL”), a substantial shareholder in the Company, purchased 800,000 Ordinary Shares at a price of 42.5 pence per Ordinary Share. Samantha Wren is a Non-Executive Director of the Company and CEO of IPGL, therefore IPGL is a person closely associated (“PCA”) with Samantha Wren. Following this purchase, IPGL’s total beneficial shareholding in the Company is 45,295,250 Ordinary Shares, representing approximately 28.44% of the Company’s enlarged issued share capital.

The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

Issue of Equity

Application has been made for 1,722,081 Ordinary Shares to be admitted to the Aquis Exchange, which will rank pari passu with the Company's existing Ordinary Shares, and admission to trading is expected to be effective on 4 February 2022 ("Admission").

Following Admission, the Company will have 159,243,885 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.

- ENDS -

Contact

Chapel Down Group plc

Andrew Carter

Richard Woodhouse

 

Chief Executive Officer

Finance Director

01580 763 033

 

 

 

finnCap Ltd

Simon Hicks

Tim Redfern

 

Corporate Finance

ECM

020 7220 0500

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

 

 

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

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Woodhouse

Reason for the Notification

a)

Position/status

Finance Director

b)

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Chapel Down Group plc

b)

LEI

213800BAUCZ4OXC97W72

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

GB0032706284

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 Price

276,234 10p

277,842 17p

 

 

 

 

Sale of Ordinary Shares

 

Volume Price

260,000 42.5p

 

 

d)

Aggregated information:

  • Aggregated volume
  • Price

See 4(c) above

e)

Date of the transaction

1 February 2022

f)

Place of the transaction

Aquis Exchange

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

IPGL Limited

Reason for the Notification

a)

Position/status

PCA of Samantha Wren, Non-Executive Director

b)

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Chapel Down Group plc

b)

LEI

213800BAUCZ4OXC97W72

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

GB0032706284

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

 

Volume Price

800,000 42.5p

 

 

 

 

 

 

 

d)

Aggregated information:

  • Aggregated volume
  • Price

See 4(c) above

e)

Date of the transaction

1 February 2022

f)

Place of the transaction

Aquis Exchange

 

Chapel Down Group plc

Source: Chapel Down Group plc