Grant of Options

LONDON--()--

Chapel Down Group Plc

(`CDG' or `the Company')

EPIC: CDGP

Grant of Options

Chapel Down Group plc, the NEX listed English wine and drinks producer, announces today that it has issued 536,000 options over ordinary shares of 5 pence in the Company (“Ordinary Shares”) (the “Options”) to its US distributor under the 2018 Option Scheme.

The Options have an exercise price of 88.5 pence per Ordinary Share and are exercisable annually in February of each year. The table below details the maximum number of shares that can be exercised each year. The minimum number of options exercisable in each year is 70,000 with any options between this and the maximum being subject to the achievement of certain annual sales volumes. Any options that are not exercised in any given year will automatically lapse.

    2019   2020   2021   2022
Maximum number of shares

102,000

114,000

148,000

172,000

Commenting on the deal, Frazer Thompson CEO said

“The USA is – by some margin – our most important export market and having a motivated and engaged importer and representative is vital. Our brand is starting to perform well and our partners, ABCK Corp. will now have the opportunity to have skin in the game. They give us access to Southern Glazer’s Wine & Spirits – the largest wine distributor in the USA - making our wines available to almost all great bars and restaurants in selected States.”

Following the grant of Options, the Company has a total of 11,032,075 options over Ordinary Shares outstanding, representing 7.8% of the Company’s issued share capital.

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: MSCH
Sequence Number: 651297
Time of Receipt (offset from UTC): 20180712T111201+0100

Contacts

Chapel Down Group plc

Contacts

Chapel Down Group plc