Chapel Down Group Sees Major Share Acquisition by IPGL Limited

Chapel Down Group plc ( (GB:CDGP) ) has provided an announcement.

IPGL Limited, a company closely associated with Chapel Down Group’s Non-Executive Director Michael Spencer, has acquired 500,000 ordinary shares in Chapel Down Group Plc at 35 pence per share, increasing its holding to 26.9% of the company’s issued share capital. This transaction highlights the continued confidence and potential strategic interests in Chapel Down, which could impact the company’s market positioning and investor relations.

More about Chapel Down Group plc

Chapel Down Group Plc is England’s leading and largest winemaker, recognized as the power brand of English wine, situated in Kent, known as the Garden of England. The company produces a variety of sparkling and still wines, acclaimed for their quality in international competitions. Chapel Down is involved in partnerships with prominent cultural and sporting events and is the official sparkling wine provider for the England and Wales Cricket Board. It is listed on the AIM market of the London Stock Exchange, boasting over 10,000 retail investors and welcoming around 60,000 visitors annually. The company is also committed to sustainability, being a founding member of Sustainable Wines of Great Britain.

YTD Price Performance: -54.59%

Average Trading Volume: 2,500

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €76.23M

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