Grant of Options and Director/PDMR Dealing

Chapel Down Group PLC

27 September 2023

 

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 options (the "LTIP Options") over, in aggregate, 3,432,760 ordinary shares of 5p in the Company ("Ordinary Shares") to its executive directors and senior management. The LTIP Options have been granted with an exercise price of 35p, being the closing mid-price of an Ordinary Share on 31^st December 2022.

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	748,571	1,917,002
Rob Smith	CFO	510,000	1,769,504

The LTIP Options are intended to reward long term performance that delivers value to shareholders. Vesting occurs three years from the grant of the award, being 31 December 2022, and is subject to the Group performance conditions in respect of operating profit and net sales revenue for the financial year ending 31 December 2025.

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 9,302,702 options over Ordinary Shares outstanding, representing 5.8% of the current issued share capital of the Company.

The notification below, made in accordance with the UK Market Abuse Regulation, provides further detail in relation to the LTIP Options.

Contacts

Chapel Down Group plc Andrew Carter Rob Smith	Chief Executive Chief Financial Officer	01580 763 033
Singer Capital Markets Shaun Dobson Tom Salvesen Asha Chotai James Fischer	AQSE Corporate Adviser 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.

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	Andrew Carter
2.	Reason for the Notification
a)	Position/status	CEO
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 5 pence each
	Identification code	GB0032706284
b)	Nature of the transaction	Grant of Options over Ordinary Shares
c)	Price(s) and volume(s)	Volume Price 748,571 Exercise price of 35p
d)	Aggregated information: ·       Aggregated volume ·       Price	N/A - single transaction
e)	Date of the transaction	31 December 2022
f)	Place of the transaction	Off market transaction

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rob Smith
3.	Reason for the Notification
a)	Position/status	CFO
b)	Initial notification/Amendment	Initial notification
4.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chapel Down Group plc
b)	LEI	213800BAUCZ4OXC97W72
5.	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 5 pence each
	Identification code	GB0032706284
b)	Nature of the transaction	Grant of Options over Ordinary Shares
c)	Price(s) and volume(s)	Volume Price 510,000 Exercise price of 35p
d)	Aggregated information: ·       Aggregated volume ·       Price	N/A - single transaction
e)	Date of the transaction	31 December 2022
f)	Place of the transaction	Off market transaction

 

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