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Director/PDMR Shareholding Business Wire

LONDON--(BUSINESS WIRE)--

Chapel Down Group Plc

(`CDG' or `the Company')

EPIC: CDGP

Director/PDMR Shareholdings and Issue of Equity

Chapel Down Group 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 earlier today:

  • Frazer Thompson, Chief Executive of the Company, exercised and subsequently sold 2,388,124 options over Ordinary Shares (“Options”). The Options were exercised at a price of 12.5 pence per Ordinary Share and were subsequently sold at a price of 75 pence per Ordinary Share. Following this sale, Mr Thompson’s total beneficial shareholding in the Company is 2,222,867 Ordinary Shares, representing approximately 1.54% of the Company’s enlarged issued share capital;
  • Richard Woodhouse, Finance Director of the Company, exercised and subsequently sold 200,000 Options. The Options were exercised at a price of 10 pence per Ordinary Share and were subsequently sold at a price of 75 pence per Ordinary Share. Following this sale, Mr Woodhouse’s total beneficial shareholding in the Company is 929,951 Ordinary Shares, representing approximately 0.65% of the Company’s enlarged issued share capital; and
  • Lombard Odier, a substantial shareholder in the Company, sold 1,648,806 Ordinary Shares at a price of 75 pence per Ordinary Share. Jamie Brooke is a Non-Executive Director of the Company and a fund manager at Lombard Odier, so Lombard Odier is a person closely associated (“PCA”) with Jamie Brooke. Following this sale, Lombard Odier’s total beneficial shareholding in the Company is 16,581,650 Ordinary Shares, representing approximately 11.51% of the Company’s enlarged issued share capital.

Issue of Equity

Application has been made for 2,588,124 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 19 June 2019 ("Admission").

Following Admission of the new Ordinary Shares, the Company will have 144,118,335 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

Tim Redfern

Corporate Finance

ECM

020 7220 0500

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 Frazer Thompson
2. Reason for the Notification
a) Position/status Chief Executive
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 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

1,187,301

12.5p

412,699

12.5p

788,124

12.5p

Sale of Ordinary Shares

Volume

Price

2,388,124

75p

d) Aggregated information:

  • Aggregated volume
  • Price
See 4(c) above
e) Date of the transaction 14 June 2019
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 Finance 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 Options over Ordinary Shares of 5 pence each

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

200,000

10p

Sale of Ordinary Shares

Volume

Price

200,000

75p

d) Aggregated information:

  • Aggregated volume
  • Price
See 4(c) above
e) Date of the transaction 14 June 2019
f) Place of the transaction NEX Exchange Growth Market, London
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Lombard Odier, a person closely associated with Jamie Brooke
2. Reason for the Notification
a) Position/status PCA of 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 GB0032706284
b) Nature of the transaction Sale of Ordinary Shares
c) Price(s) and volume(s) Volume

Price

1,648,806

75p

d) Aggregated information:

  • Aggregated volume
  • Price
See 4(c) above
e) Date of the transaction 14 June 2019
f) Place of the transaction NEX Exchange Growth Market, London

Chapel Down Group plc

Source: Chapel Down Group plc