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LONDON - Chapel Down Group Plc (AIM: CDGP), England’s leading winemaker, announced that IPGL Limited, a person closely associated with Non-Executive Director Michael Spencer, has increased its shareholding in the company. On Monday, IPGL Limited acquired an additional 50,000 ordinary shares at a price of 33.5 pence per share.
Following this transaction, IPGL Limited’s total holding in Chapel Down Group amounts to 46,595,250 ordinary shares, representing 27.2% of the company’s issued share capital. Including shares held personally, Michael Spencer’s total beneficial interest in Chapel Down Group is now 27.3%.
Chapel Down, headquartered in Kent, is renowned for producing award-winning sparkling and still wines and has over 1,000 acres of vineyards. The company has established itself as the most recognized English wine brand, partly through partnerships with prominent sporting and cultural events.
The company is also dedicated to sustainable practices and is a founding member of Sustainable Wines of Great Britain, advocating for environmentally conscious viticulture.
The transaction took place on the AIM market of the London Stock Exchange (LON:LSEG) on February 21, 2025. This information, based on a press release statement, is provided by RNS, the news service of the London Stock Exchange.
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