Chapel Down Group to Raise Up to GBP6 Million Via Share Placing, Retail Offer

05:30 AM EST, 11/04/2026 (MT Newswires) -- Chapel Down Group (CDGP.L) intends to raise up to 6 million pounds sterling through a conditional placing and retail offer of new ordinary shares at 0.43 pound apiece. The placing transaction is expected to generate 5.5 million pounds, and the subsequent retail offer for UK-based investors is projected to raise 500,000 pounds, according to a Wednesday filing. Proceeds will be used to invest in a 4.5 million-pound soft pressing facility for the British winemaker's Tenterden winery, as well as for working capital and to pay fees and expenses relating to the offers.