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Chapel Down Group Plc


(`CDG' or `the Company')




Director/PDMR Shareholdings, Issue of Equity and Grant of Options


Chapel Down Group plc, the Aquis 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:

   -- Staff exercised and subsequently sold 147,000 share options under the 
      Company's Employee Share Option Scheme; and 
   -- Richard Woodhouse, Finance Director of the Company, exercised and 
      subsequently sold 119,666 options over Ordinary Shares. 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 0.64% of the Company's 
      enlarged issued share capital. 

Martin Glenn, Chairman with effect from 1 July 2020, acquired 266,666 shares at 75 pence per Ordinary Share. Following the purchase, Mr Glenn's total beneficial shareholding in the Company is 266,666 Ordinary Shares, representing approximately 0.18% of the Company's enlarged issued share capital.


The Company has also today issued 713,332 options over Ordinary Shares (the "Options") under the 2020 Option Scheme -- 533,332 Options were issued to Martin Glenn and 180,000 Options were issued to key members of staff. The Options have an exercise price of 76.5 pence per Ordinary Share and are exercisable from 1 July 2023 or before in the event of any of the following:

   -- a takeover; 
   -- a sale of the whole of the business and assets of the Company; 
   -- the admission of all or any of the shares in the capital of the Company 
      to any recognised investment exchange (as defined in section 285 of the 
      Financial Services and Markets Act 2000) other than the AQSE Growth 
      Market (a New Listing) 

Following the grant of Options, the Company has a total of 8,780,179 options over Ordinary Shares outstanding, representing 6.1% of the Company's enlarged issued share capital.


Issue of Equity


Application has been made for 266,666 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 25 June 2019 ("Admission").


Following Admission of the new Ordinary Shares, the Company will have 144,478,001 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.



Chapel Down Group plc 
 Frazer Thompson                     Chief Executive 
 Richard Woodhouse                   Finance Director     01580 763 033 
finnCap Ltd 
 Christopher Raggett/Simon Hicks     Corporate Finance     020 7220 0500 
 Tim Redfern                         ECM 

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          Options over Ordinary Shares of 5 
    instrument, type of instrument        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 119,666 / 10p 
                                          Sale of Ordinary Shares Volume / 
                                          Price 119,666 / 75p 
d)  Aggregated information:               See 4(c) above 
     Aggregated volume 
e)  Date of the transaction               22 June 2020 
f)  Place of the transaction              AQSE Growth Market, London 

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Chapel Down Group plc

    SOURCE: Chapel Down Group plc 
Copyright Business Wire 2020 

(END) Dow Jones Newswires

June 22, 2020 11:26 ET (15:26 GMT)