Result of Placing

Summary by AI BETAClose X

Chapel Down has conditionally placed 12,790,697 new ordinary shares at 43p per share, raising gross proceeds of approximately £5.5m to fund a new Soft Pressing facility at Tenterden; directors subscribed £505,000 in aggregate (including two directors committing £200,000 each). The Placing is conditional on the Retail Offer launch announcement, with settlement and AIM admission expected on or before 10 November 2026, and is not conditional on the Retail Offer outcome. Management states the capital will accelerate production capacity to target c.2.5m bottles of Traditional Method Sparkling by 2033, two years earlier than the prior 2035 target.

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