REG - Chapel Down Group - Grant of Options and Director/PDMR Dealing

Chapel DownAnnouncement

31/05/2024 16:30

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RNS Number : 7075Q  Chapel Down Group PLC  31 May 2024

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    Chief Executive

 Andrew Carter            Chief Financial Officer       01580 763 033

 Robert Smith

                          Nominated Adviser and Broker

 Singer Capital Markets

 Shaun Dobson                                           020 7496 3000

 Tom Salvesen

 Asha Chotai

 James Todd

 H/Advisors Maitland

 Sam Cartwright                                         020 73795151

 Jonathan Cook

 

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:                                      N/A - single transactions

                   ·       Aggregated volume

                   ·       Price
 e)                Date of the transaction                                      31 May 2024
 f)                Place of the transaction                                     Off market transaction

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

 

            Details of the person discharging managerial responsibilities / person closely

          associated
 1.
 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:                                      N/A - single transactions

            ·       Aggregated volume

            ·       Price
 e)         Date of the transaction                                      31 May 2024
 f)         Place of the transaction                                     Off market transaction

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

 

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