Chapel Down Group plc (AIM: CDGP), described in the announcement as England's leading winemaker, has launched a retail offer of up to 1,162,790 new ordinary shares at 43 pence per share via the BookBuild platform, opening on 5 November 2026. The retail offer follows a separate placing of 12,790,697 new ordinary shares announced on 4 November 2026, which raised gross proceeds of approximately £5.5 million. The issue price of 43 pence was equal to the closing mid-market price of existing ordinary shares on 4 November 2026, the latest practicable date prior to publication. Investors will be watching whether the retail offer attracts strong demand before its expected close at noon on 9 November 2026.

Key Points

  • Chapel Down Group plc (AIM: CDGP), England's leading winemaker
  • Retail offer of up to 1,162,790 new ordinary shares launched at 43 pence per share via BookBuild
  • Separate placing raised approximately £5.5 million gross; placing admission expected 8.00 a.m. on 10 November 2026, retail offer admission expected 8.00 a.m. on 13 November 2026
  • Investors should watch whether the retail offer closes early due to oversubscription and monitor admission confirmation

Chapel Down Retail Offer Opens at 43p With Up to 1,162,790 New Shares Available

The retail offer opened at 8.00 a.m. on 5 November 2026 and is available exclusively to eligible investors resident and physically located in the United Kingdom, aged 18 or over and acting through a participating financial intermediary listed on the BookBuild platform. The minimum subscription is £100 per investor, and the announcement states there is no maximum application amount. Singer Capital Markets Securities Limited is acting as retail offer coordinator. The company reserves the right to scale back or reject any application, and once an application has been accepted it cannot be withdrawn.

£5.5 Million Placing Provides Broader Capital Raise Context for CDGP Shareholders

Alongside the retail offer, the announcement confirms that Chapel Down completed a placing of 12,790,697 new ordinary shares at the same 43 pence issue price on 4 November 2026, raising gross proceeds of approximately £5.5 million. The placing and retail offer are independent transactions: the placing is not conditional on the outcome of the retail offer, though the retail offer is conditional on placing admission becoming effective. Neither transaction requires shareholder approval, as both are being executed under the company's existing authorities to allot shares and disapply pre-emption rights.

Admission Timetable: Placing Shares on AIM by 10 November, Retail Shares by 13 November 2026

The announcement sets out a clear timetable for investors to follow. Results of the retail offer are expected to be announced on 9 November 2026, with retail offer admission and commencement of dealings in the new ordinary shares scheduled for 8.00 a.m. on 13 November 2026. Placing admission is expected at 8.00 a.m. on 10 November 2026. The announcement states that all admission dates may be extended by agreement between the company and Singer Capital Markets Securities Limited, in each case no later than 8.00 a.m. on 30 November 2026.

Dilution and Market Price Risk Among Key Considerations for Existing CDGP Investors

The announcement explicitly highlights several risks relevant to existing and prospective Chapel Down shareholders. The combined issuance of placing shares and retail offer shares represents a potential increase in the company's total ordinary share count, carrying dilution risk for existing holders. The announcement also notes that the retail offer will remain open alongside a live market price for the ordinary shares, and that the market price may fall below the 43 pence issue price during the offer period. The new ordinary shares will rank equally with existing shares, including rights to future dividends, once issued and admitted.