Chapel Down Group - Director/PDMR Shareholding
RNS Number : 1388J
Chapel Down Group PLC
09 December 2022
 

Chapel Down Group plc
("Chapel Down" or the "Company" or the "Group")
EPIC: CDGP

Director/PDMR Grant of Options

Chapel Down, England's leading and largest wine maker, announces that it has granted a total of 1,545,583 options (the "Options") over ordinary shares of 5p in the Company ("Ordinary Shares") to directors of the Company, as detailed below. In addition, the Company has cancelled 594,117 options over Ordinary Shares previously granted to employees who have left the Company.

Matching options granted under Service Agreements

Chapel Down has granted 286,079 Options to Andrew Carter, CEO of the Company, and 392,157 Options to Rob Smith, CFO of the Company. The Options have been granted pursuant to the terms of Mr Carter and Mr Smith's service agreements when they joined the Company as CEO on 13 September 2021 and as CFO on 1 September 2022 respectively.

The Options have been granted with an exercise price of 30p, being the closing mid-price of an Ordinary Share on 10 August 2022, being the day immediately prior to Board approval of the Option grants. The Options will vest three years after the date of the grant and are not subject to any performance conditions.

Options granted under the Long Term Incentive Plan

In addition, the Company has made the following changes in respect of options over Ordinary Shares held under the Company's existing Long Term Incentives Plan:

·    Mr Smith has been awarded 867,347 options, with an exercise price of 42.5p (the "LTIP Options")

·    594,117 previously awarded options with an exercise price of 42.5p, have been cancelled as holders of these options have left the Company

Following the grant of the Options and LTIP Options (together, the "Grants"), Mr Carter is beneficially interested in a total of 319,699 Ordinary Shares, representing approximately 0.2% of the Company's current issued share capital, and a total of 1,168,431 Options over Ordinary Shares. Mr Smith is beneficially interested in a total of 1,592,538 Ordinary Shares representing 1.0% of the Company's current issued share capital, and a total of 1,259,504 options over Ordinary Shares.

Following these Grants, there is a total of 5,135,559 options over Ordinary Shares outstanding, representing approximately 3.2% of the current issued share capital of the Company.

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

Contact:

Chapel Down Group plc


01580 763 033

 

Andrew Carter

Chief Executive Officer


 

Rob Smith

Chief Financial Officer


 

 



 

Singer Capital Markets

Shaun Dobson

Tom Salvesen

Asha Chotai

 

H/Advisors Maitland

AQSE Corporate Adviser and Broker

0207 496 3000

 

Sam Cartwright

Joanna Davidson


0207 379 5151





 

 

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

Andrew Carter

2. 

Reason for the Notification

a)

Position/status

CEO

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

Identification code

GB0032706284

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Volume

Price

286,079

30p

d)

Aggregated information:

· Aggregated volume

· Price

See 4(c) above

e)

Date of the transaction

8th December 2022

f)

Place of the transaction

Off market transaction

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rob Smith

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

Identification code

GB0032706284

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Volume

Price

392,157

30p

d)

Aggregated information:

· Aggregated volume

· Price

See 4(c) above

e)

Date of the transaction

8th December 2022

f)

Place of the transaction

Off market transaction

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rob Smith

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, pursuant to the Company's LTIP

Identification code

GB0032706284

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Volume

Price

867,347

42.5p

d)

Aggregated information:

· Aggregated volume

· Price

See 4(c) above

e)

Date of the transaction

8th December 2022

f)

Place of the transaction

Off market transaction

 

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