Chapel Down grants options to executives under long-term incentive plan

Published 01/08/2025, 11:56
Chapel Down grants options to executives under long-term incentive plan

LONDON - Chapel Down Group Plc (AIM:CDGP), England’s leading winemaker, has granted options over 2,315,387 ordinary shares to its executive directors under its Long-Term Incentive Plan, according to a company statement released Friday.

CEO James Pennefather received options for 1,734,691 shares, including 190,972 zero-cost options and 1,543,719 options with an exercise price of 35 pence per share. CFO Louan Mouton was granted options for 580,696 shares, comprising 125,000 zero-cost options and 455,696 options with an exercise price of 39.50 pence per share.

The exercise prices were determined based on the share price before the public announcement of each executive’s appointment. Pennefather’s appointment was announced on December 13, 2024, while Mouton’s was announced on March 4, 2025.

The zero-cost options will vest on December 31, 2027, subject to continued employment and achievement of Group performance conditions for the period from January 2025 through December 2027. Options with specified exercise prices will vest in thirds over three years, with the first third vesting on the anniversary of each executive’s start date.

Chapel Down, which describes itself as the market leader in English wines, operates over 1,000 acres of vineyards, representing approximately 9% of the UK’s total vineyard area. The company is listed on the London Stock Exchange (LON:LSEG)’s AIM market.

The LTIP options are designed to reward long-term performance that delivers value to shareholders, according to the press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.