Chapel Down Group PLC Director/PDMR Shareholding (1388J)

TIDMCDGP

RNS Number : 1388J

Chapel Down Group PLC

09 December 2022

Chapel Down Group plc

("Chapel Down" or the "Company" or the "Group")

EPIC: CDGP

Director/PDMR Grant of Options

Chapel Down, England's leading and largest wine maker, announces that it has granted a total of 1,545,583 options (the "Options") over ordinary shares of 5p in the Company ("Ordinary Shares") to directors of the Company, as detailed below. In addition, the Company has cancelled 594,117 options over Ordinary Shares previously granted to employees who have left the Company.

Matching options granted under Service Agreements

Chapel Down has granted 286,079 Options to Andrew Carter, CEO of the Company, and 392,157 Options to Rob Smith, CFO of the Company. The Options have been granted pursuant to the terms of Mr Carter and Mr Smith's service agreements when they joined the Company as CEO on 13 September 2021 and as CFO on 1 September 2022 respectively.

The Options have been granted with an exercise price of 30p, being the closing mid-price of an Ordinary Share on 10 August 2022, being the day immediately prior to Board approval of the Option grants. The Options will vest three years after the date of the grant and are not subject to any performance conditions.

Options granted under the Long Term Incentive Plan

In addition, the Company has made the following changes in respect of options over Ordinary Shares held under the Company's existing Long Term Incentives Plan:

-- Mr Smith has been awarded 867,347 options, with an exercise price of 42.5p (the "LTIP Options")

-- 594,117 previously awarded options with an exercise price of 42.5p, have been cancelled as holders of these options have left the Company

Following the grant of the Options and LTIP Options (together, the "Grants"), Mr Carter is beneficially interested in a total of 319,699 Ordinary Shares, representing approximately 0.2% of the Company's current issued share capital, and a total of 1,168,431 Options over Ordinary Shares. Mr Smith is beneficially interested in a total of 1,592,538 Ordinary Shares representing 1.0% of the Company's current issued share capital, and a total of 1,259,504 options over Ordinary Shares.

Following these Grants, there is a total of 5,135,559 options over Ordinary Shares outstanding, representing approximately 3.2% of the current issued share capital of the Company.

The notification below, which has been made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

Contact:

 
                                                   01580 763 
Chapel Down Group plc                               033 
Andrew Carter            Chief Executive Officer 
Rob Smith                Chief Financial Officer 
 
Singer Capital Markets 
 Shaun Dobson 
 Tom Salvesen 
 Asha Chotai 
                         AQSE Corporate Adviser    0207 496 
 H/Advisors Maitland      and Broker                3000 
Sam Cartwright                                     0207 379 
 Joanna Davidson                                    5151 
 
 

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               Options over Ordinary Shares of 5 
       Financial instrument,            pence each 
       type of instrument 
      Identification code              GB0032706284 
     -------------------------------  -------------------------------------- 
 b)   Nature of the transaction        Grant of Options over Ordinary Shares 
     -------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)            Volume    Price 
                                         286,079   30p 
                                                  ------ 
     -------------------------------  -------------------------------------- 
 d)   Aggregated information:          See 4(c) above 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------------  -------------------------------------- 
 e)   Date of the transaction          8(th) 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 
     -------------------------------  -------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                  CFO 
     -------------------------------  -------------------------------------- 
 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               Options over Ordinary Shares of 5 
       Financial instrument,            pence each 
       type of instrument 
      Identification code              GB0032706284 
     -------------------------------  -------------------------------------- 
 b)   Nature of the transaction        Grant of Options over Ordinary Shares 
     -------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)            Volume    Price 
                                         392,157   30p 
                                                  ------ 
     -------------------------------  -------------------------------------- 
 d)   Aggregated information:          See 4(c) above 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------------  -------------------------------------- 
 e)   Date of the transaction          8(th) 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 
     -------------------------------  --------------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------------ 
 a)   Position/status                  CFO 
     -------------------------------  --------------------------------------- 
 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               Options over Ordinary Shares of 5 
       Financial instrument,            pence each, pursuant to the Company's 
       type of instrument               LTIP 
      Identification code              GB0032706284 
     -------------------------------  --------------------------------------- 
 b)   Nature of the transaction        Grant of Options over Ordinary Shares 

     -------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)            Volume    Price 
                                         867,347   42.5p 
                                                  ------ 
     -------------------------------  --------------------------------------- 
 d)   Aggregated information:          See 4(c) above 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------------  --------------------------------------- 
 e)   Date of the transaction          8(th) December 2022 
     -------------------------------  --------------------------------------- 
 f)   Place of the transaction         Off market transaction 
     -------------------------------  --------------------------------------- 
 

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December 09, 2022 02:00 ET (07:00 GMT)