TIDMCDGP
RNS Number : 0124W
Chapel Down Group PLC
07 December 2023
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN
WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES OF AMERICA (THE
"UNITED STATES" OR THE "US"), AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION.
FOR IMMEDIATE RELEASE
Chapel Down Group plc
("Chapel Down" or the "Company" or the "Group")
EPIC: CDGP
Admission to trading on AIM and first day of dealings
Chapel Down, England's leading and largest winemaker, is pleased
to announce the admission of its entire issued share capital, being
159,253,885 ordinary shares of 5 pence each ("Ordinary Shares") to
trading on AIM, a market operated by the London Stock Exchange plc
("Admission").
Admission will take place and dealings in the Ordinary Shares
will commence at 8.00 a.m. today under the same TIDM and ISIN of
CDGP and GB0032706284 respectively. Cancellation of the Company's
Ordinary Shares on the Apex Segment of the AQSE Growth Market will
take place simultaneously with Admission.
Further information in relation to Admission can be found in the
Company's announcement from 9 November 2023. An appendix to the
Schedule One, as well as information required pursuant to AIM Rule
26, is available on the Company's website at
www.chapeldown.com/pages/investors.
Information on the Company
Chapel Down is England's leading and largest wine producer with
an award-winning range of sparkling and still wines, under the
Chapel Down brand. The Company owns, leases and sources from 1,023
acres of vineyards in South East England, of which 750 acres are
fully productive, making it the largest wine producer in the UK.
The Company sold 1.4 million bottles of wine in 2022, generating
revenue from off-trade, on-trade, export, and direct to consumer
e-commerce and retail sales.
The Company continues to build its status as the leading brand
of the English wine industry, with awareness of 37% as at June
2023, supported by its partnerships (including with the England and
Wales Cricket Board and Ascot Racecourse) and events. The Company
also welcomes approximately 60,000 visitors a year for winery tours
and tastings at its brand home and retail experience in Tenterden,
Kent.
Andrew Carter, Chief Executive Officer of Chapel Down,
commented:
"We are pleased to announce Chapel Down's admission to trading
on AIM, a move which reflects the maturity of the business and the
ambitious growth plan we are committed to delivering in the years
ahead. Chapel Down has greatly benefitted from its AQSE listing
over the past 20 years as it has grown from a start-up in an
embryonic industry into England's leading and largest winemaker
with a consistent track record of profitable growth.
"We believe that a move to AIM will attract a wider pool of
investors to participate in Chapel Down's growth as the leading
producer in the world's newest global wine region and as we
continue to pursue our well progressed and fully funded plan to
double the size of the business in the five years to 2026. In
November we confirmed a record 2023 harvest, with tonnage 86%
higher than 2022 and 75% higher than the previous record posted in
2018, which is creating great excitement within our business, and
will underpin our strategic ambition to double the size of the
business by 2026 as we continue to build Chapel Down's position as
England's number one and most celebrated winemaker."
Issue of Equity and Total Voting Rights
Further to the announcement from 9 November 2023, and pursuant
to the Reorganisation, the Company will issue 12,084,900 new
Ordinary Shares to the Growth Shareholders, based on the Company's
closing middle market share price of 53 pence yesterday, being the
last trading day prior to Admission. Application has been made to
the London Stock Exchange for the 12,084,900 new Ordinary Shares to
be admitted to trading on AIM and admission is expected to occur at
8.00 a.m. on 8 December 2023 ("Second Admission"). The New Ordinary
Shares will rank pari passu with the existing Ordinary Shares.
As set out in the announcement dated 9 November 2023 and
pursuant to the Reorganisation, 158 Growth Shares were acquired by
Rob Smith on 6 December 2023, as nominee for the Company. As noted
in the Schedule One appendix dated 9 November 2023 and in
accordance with s.662(1)(d) of the Act, these 158 Growth Shares
have now been cancelled. Following the Reorganisation, the Company
now has one class of share, being ordinary shares.
Following Second Admission, the Company's total issued share
capital will consist of 171,338,785 Ordinary Shares with one voting
right per share. The Company does not hold any Ordinary Shares in
treasury. Accordingly, the total number of voting rights in the
Company will be 171,338,785 .
The above figure of 171,338,785 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.
Capitalised terms used but not defined in this announcement have
the meaning set out in the announcement dated 9 November 2023.
Contacts
Chapel Down Group plc
Andrew Carter Chief Executive
Rob Smith Chief Financial Officer 01580 763 033
Singer Capital Markets
Shaun Dobson
Tom Salvesen
Asha Chotai Nominated Adviser
James Fischer and Broker 020 7496 3000
H/Advisors Maitland
Sam Cartwright
Jonathan Cook 020 73795151
About Chapel Down
Chapel Down is England's leading wine producer with an
award-winning range of sparkling and still wines. Based in Kent, in
the heart of the Garden of England, Chapel Down produces wines of
the highest quality and which the winemaker believes offer the best
expression of England.
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END
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