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LONDON - Chapel Down Group Plc (AIM: CDGP), England’s prominent winemaker, disclosed that IPGL Limited, closely associated with Non-Executive Director Michael Spencer, has expanded its shareholding in the company. On Monday, IPGL Limited acquired an additional 400,000 ordinary shares at 33.5 pence each, as per the information released on February 19, 2025.
The purchase escalates IPGL Limited’s ownership to 46,545,250 ordinary shares, making up 27.1% of Chapel Down’s issued share capital. Including shares held personally, Michael Spencer’s total beneficial interest now stands at 46,723,821 shares, representing 27.2% of the company’s issued share capital.
Chapel Down, headquartered in Kent, is recognized as England’s leading wine brand and boasts over 1,000 acres of vineyards. The company is celebrated for its sparkling and still wines, which have garnered international accolades. Its brand presence is reinforced through partnerships with prestigious events and as the ’Official Sparkling Wine’ of the England and Wales Cricket Board.
The winemaker is also known for its commitment to sustainability, being a founding member of Sustainable Wines of Great Britain and practicing sustainable viticulture. The company’s visitor center in Tenterden attracts approximately 50,000 visitors annually and offers benefits to its retail investors, which exceed 10,000.
The transaction took place on the AIM market of the London Stock Exchange (LON:LSEG) on February 18, 2025. This announcement complies with the market’s requirement for the disclosure of transactions by Persons Discharging Managerial Responsibilities and their closely associated persons.
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