Chapel Down Group Announces Plan

by Warren Seah

Chapel Down Group, the renowned English wine producer, has revealed its intentions to seek admission to London’s Alternative Investment Market (AIM) and cancel its listing on the Aquis Exchange. This strategic move, scheduled for approximately December 7, is deemed to be in the best interests of the company and its shareholders due to its significant growth. Chapel Down believes that AIM, as a more suitable market, will facilitate the attraction of a broader range of investors and ultimately enhance liquidity.

At present, Chapel Down has 159.25 million shares in circulation, with 45.89% held privately. The company holds a market capitalization of around £75 million ($92.1 million) and does not intend to raise any additional capital as part of its admission to AIM. However, prior to the official move, a general meeting will be conducted on December 6 for approval from shareholders.

Furthermore, Chapel Down has proudly announced a record-breaking harvest for 2023, with a staggering 86% increase in tonnage compared to 2022.

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