Issue of Equity

LONDON--()--

Chapel Down Group plc

(“Chapel Down” or “the Company”)

EPIC:CDGP

Additional placing to raise approximately £ 0.44 million

Fundraising

Chapel Down Group plc, the market leader in English wines, is pleased to announce that it has raised an additional £0.44m (before expenses) through the placing of 1,578,571 new ordinary shares at 28 pence each (“New Shares”). This is in conjunction with the ongoing equity crowdfunding campaign launched on 8 September 2014– the full details of which can be found at www.chapeldown.com.

The total raised as at close of business on Friday 12th September is £2.4m, well in excess of the initial minimum of £1.7m. The amount raised through the crowdfunding platform Seedrs in the first five days is £1.3m.

The new funds will be used to enable Chapel Down to satisfy the ever increasing demand for its award winning products. Funds will be used to plant more vines, build a new winery, construct new distribution and storage facilities, build a brewery and a visitor attraction and extend the hospitality at the headquarters in Tenterden.

Director’s participation

The amounts raised to date includes a subscription by both John Dunsmore (Chairman) and Nigel Wray (Non-Executive Director) as detailed below:

Director   Current Holding   New Shares subscribed for   Total Ordinary Shares held at Admission of New Shares   Percentage of Enlarged Ordinary Share Capital
J Dunsmore 4,529,411 357,142 4,886,553 5.43%
N Wray* 20,725,739 1,071,429 21,797,168 24.23%

*Of the above total 19,439,269 Ordinary Shares are held by family trusts in which Nigel Wray has a non-beneficial interest. The balance of 2,357,899 Ordinary Shares represents Nigel Wray’s beneficial holding.

In addition to the above, Henderson Global Investors (“Henderson”), has bought a further 357,142 New Shares which takes their holding to 15,213,563 Ordinary Shares, representing 16.91% of the issued share capital following admission of the 3,962,498 New Shares issued under the Placing and Subscription. Jamie Brooke of Henderson is a non-executive director of the Company and accordingly Henderson’s participation in the Fundraising is deemed a related party transaction under the terms of the ISDX Growth Market Rules for Issuers.

Authority and Admission to trading

The New Shares, being the Placing Shares and the Subscription Shares will be issued under the board's existing authorities. Application will be made for the New Shares to be admitted to ISDX and it is anticipated that this will occur on 19 September 2014.

Of the £2.4m raised, £1.1m has been raised by way of an institutional placing (the “Placing”) for cash of 2,533,927 new ordinary shares (the “Placing Shares”) and subscription (the “Subscription”) of 1,428,571 new ordinary shares (the “Subscription Shares”) at 28 pence each. The total number of new ordinary shares being issued on 19 September 2014 is 3,962,498, taking the issued share capital to 89,951,780.

The new ordinary shares being issued in respect of the crowdfunding, will be issued on the earlier of the maximum (€4,999,99.99) being reached or 14 November 2014.

Contact

Chapel Down Group plc

Frazer Thompson

Richard Woodhouse

 

 

Chief Executive

Finance Director

 

 

01580 763 033

finnCap Limited

Geoff Nash/Simon Hicks

Stephen Norcross

 

Corporate Finance

Corporate Broking

 

020 7220 0500

Short Name: Chapel Down Group plc
Category Code: IOE
Sequence Number: 432785
Time of Receipt (offset from UTC): 20140912T171433+0100

Contacts

Chapel Down Group plc

Contacts

Chapel Down Group plc