Chapel Down Group plc
("Chapel Down" or the "Company" or the "Group")
EPIC: CDGP
Grant of Options and Director/PDMR
Dealing
Chapel Down, England's leading and largest winemaker,
announces that, under its Long-Term Incentive Plan ("LTIP"), it has granted zero-cost
options (the "LTIP
Options") over, in
aggregate, 279,905 ordinary shares of 5p in the Company
("Ordinary Shares") to its
executive directors and senior management.
The LTIP Options granted to Executive Directors are
as detailed below:
|
Name of Grantee
|
Title
|
Number of Ordinary Shares
subject to the LTIP Option
|
Total number of Options over
Ordinary Shares held following the grant
|
|
Andrew Carter
|
CEO
|
63,101
|
1,980,103
|
|
Rob Smith
|
CFO
|
42,909
|
1,812,413
|
The LTIP Options are intended to reward long term
performance that delivers value to shareholders. The grant of the
award is 31 May 2024, and vesting occurs on 31 December 2026,
subject to continued employment and Group performance conditions in
respect of net sales and trading operating profit for the financial
year ending 31 December 2026.
Subject to vesting in line with the specified
criteria, the LTIP Options are exercisable for up to 10 years from
the date of grant and will lapse if not exercised by such date.
Following this grant, there is a total of 9,314,051 options over
Ordinary Shares outstanding, representing 5.4% of the current
issued share capital of the Company.
The executive directors have also been granted a
one-off shares bonus due to strong company performance over a
sustained period, comprising 111,301 new Ordinary Shares to Andrew
Carter and 74,230 new Ordinary Shares to Robert Smith (the "Bonus
Shares"). After this award, Andrew Carter owns 430,970 Ordinary
Shares, and Robert Smith and dependents own 2,074,230 Ordinary
Shares, equivalent to 0.25% and 1.21% of the Company's issued share
capital as enlarged by the Bonus Shares respectively.
Admission and Total
Voting Rights
Application has been made for the admission of
185,531 Bonus Shares to trading on AIM and admission is expected to
occur at 8.00 a.m. on 5 June 2024 ("Admission"). The Bonus Shares
will rank pari passu with
the existing Ordinary Shares in the Company.
Following Admission, the Company's total issued share
capital will comprise 171,524,316 Ordinary Shares with one voting
right per share. The Company does not hold any shares in treasury.
Accordingly, the total number of voting rights in the Company will
be 171,524,316. From Admission, this figure may be used by
shareholders as the denominator for the calculations by which they
will 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.
The notifications below, made in accordance with the
UK Market Abuse Regulation, provide further detail in relation to
the LTIP Options and Bonus Shares.
Contacts
|
Chapel Down Group
plc
Andrew Carter
Robert Smith
|
Chief Executive
Chief Financial Officer
|
01580 763 033
|
|
|
|
|
|
Singer Capital
Markets
Shaun Dobson
Tom Salvesen
Asha Chotai
James Todd
|
Nominated Adviser and Broker
|
020 7496 3000
|
|
|
|
|
|
H/Advisors
Maitland
Sam Cartwright
Jonathan Cook
|
|
020 73795151
|
About Chapel Down
Chapel Down (AIM: CDGP) is England's leading and
largest winemaker and the power brand of English wine, the world's
newest international wine region. From its home in Kent in the
heart of the Garden of England, Chapel Down produces a range of
sparking and still wines which consistently win prestigious
international awards for their quality. Chapel Down has over 1,000
acres of vineyards, of which 750 acres are fully productive.
Chapel Down's status as the most recognised English
wine brand is supported by its partnerships with flagship sporting
and cultural events including Ascot, The Boat Race and Pub in the
Park, and Chapel Down is the 'Official Sparkling Wine' of the
England and Wales Cricket Board.
Chapel Down is listed on the London Stock Exchange's
AIM and has over 8,000 retail investors who enjoy discounts on
Chapel Down's wines, tours and tastings at the brand's home at
Tenterden in Kent, which each year attracts c60,000 visitors.
Chapel Down is strongly committed to growing its
business in balance with the environment and sustainability is a
strong, ongoing focus. The company is a founding member of
Sustainable Wines of Great Britain and practices sustainable
viticulture
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
|
1. Andrew Carter - Chief Executive Officer (Director
/ PDMR)
2. Robert Smith - Chief Financial Officer (Director /
PDMR)
|
|
2.
|
Reason for the
Notification
|
|
a)
|
Position/status
|
As above
|
|
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 5p each
|
|
Identification code
|
GB0032706284
|
|
b)
|
Nature of the transaction
|
Grant of Options under LTIP
|
|
c)
|
Price(s) and volume(s)
|
|
PDMR
|
Volume
|
Price
|
|
1. Andrew Carter
|
63,101
|
N/A - nil cost options
|
|
2. Rob Smith
|
42,909
|
N/A - nil cost options
|
|
|
d)
|
Aggregated information:
· Aggregated
volume
· Price
|
N/A - single transactions
|
|
e)
|
Date of the transaction
|
31 May 2024
|
|
f)
|
Place of the transaction
|
Off market transaction
|
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
1. Andrew Carter - Chief Executive Officer (Director
/ PDMR)
2. Robert Smith - Chief Financial Officer (Director /
PDMR)
|
|
2.
|
Reason for the
Notification
|
|
a)
|
Position/status
|
As above
|
|
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 5p each
|
|
Identification code
|
GB0032706284
|
|
b)
|
Nature of the transaction
|
Issue of ordinary shares pursuant to one off
bonus
|
|
c)
|
Price(s) and volume(s)
|
|
PDMR
|
Volume
|
Price
|
|
1. Andrew Carter
|
111,301
|
N/A
|
|
2. Rob Smith
|
74,230
|
N/A
|
|
|
d)
|
Aggregated information:
· Aggregated
volume
· Price
|
N/A - single transactions
|
|
e)
|
Date of the transaction
|
31 May 2024
|
|
f)
|
Place of the transaction
|
Off market transaction
|