REG - Chapel Down Group - Directorate Change

Chapel DownAnnouncement

Thu 07:01

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RNS Number : 2822T  Chapel Down Group PLC  31 July 2025

Chapel Down Group Plc

('CDG' or 'the Company')

EPIC: CDGP

 

DIRECTORATE CHANGES

Chapel Down, England's leading and largest winemaker, provides an update on
Board changes.

Directorate changes

Chapel Down announces that Martin Glenn, Chair of the Board since 2020, has
informed the Board of his intention to step down as Chair and Director, with
his resignation to take effect in September 2025 following an orderly
handover. Martin oversaw a major restructuring and refocusing of Chapel Down
from a multi category drinks company whose portfolio included craft beer,
spirits and significant still wine sales into a premium branded company
primarily focused on sparkling wine. Additionally, the introduction of more
advanced financial systems and internal processes enabled Chapel Down to move
onto AIM in December 2023 creating a solid platform for further growth.

The Board intends to appoint Michael Spencer as the new Chair. Michael is the
founder of ICAP (subsequently renamed as NEX Group and sold to CME), where he
delivered over 5,000% total shareholder return, and has served as Chairman of
Bordeaux Index since 2011. Through his investment vehicle IPGL, he is Chapel
Down's largest shareholder, holding 27.3% of the Company's issued share
capital. He has served as a Non-Executive Director since 2023 and was awarded
a peerage in 2020.

Furthermore, Simon Litherland will join the Board as an Independent
Non-Executive Director in August*. He was CEO of Britvic plc from 2013 to
2025, leading the company through a period of growth culminating in its recent
acquisition by the Carlsberg Group. Simon previously held senior leadership
roles at Diageo across Great Britain, South Africa, Ireland, and Central and
Eastern Europe.

Martin Glenn, Chairman, commented: "It has been a privilege to serve as Chair
during such a transformative period for Chapel Down. The business is in
excellent health, with a strong executive team and a clear, profitable growth
strategy. I am delighted that the Board intends to appoint Michael Spencer as
my successor. With his exceptional track record in shareholder value creation
and deep understanding of our business, Chapel Down will be in very capable
hands."

Michael Spencer, Chairman-designate, added: "Martin has made an invaluable
contribution to Chapel Down, helping guide the business through a period of
remarkable progress. I look forward to continuing to build on this momentum. I
am also delighted to welcome Simon Litherland to the Board - a strong
appointment who brings impressive consumer and leadership experience."

Simon Litherland added: "Chapel Down has a strong market position in an
emerging sparkling wine category and has an exciting future ahead. I am
delighted to be joining the board and very much look forward to working with
the team to help create the next phase of growth."

 

*Subject to completion of customary regulatory due diligence. A further
announcement confirming the appointment of Simon Litherland, disclosing
information in respect of Schedule 2(g) of the AIM Rules, will be made prior
to his formal appointment.

Contacts

 

 Chapel Down Group plc    Chief Executive Officer

 James Pennefather        Chief Financial Officer       01580 763 033

 Louan Mouton

                          Nominated Adviser and Broker

 Singer Capital Markets

 Shaun Dobson                                           020 7496 3000

 Tom Salvesen

 Alex Bond

 James Todd

 H/Advisors Maitland

 Sam Cartwright                                         020 73795151

 Jonathan Cook

 

About Chapel Down:

Chapel Down (AIM: CDGP) is England's leading and largest winemaker and the
power brand of English wine, the world's newest international wine region.
From its home in Kent in the heart of the Garden of England, Chapel Down
produces a range of sparkling and still wines which consistently win
prestigious international awards for their quality. Chapel Down has over 1,000
acres of vineyards, c. 9% of the UK's total, of which 750 acres are fully
productive.

Chapel Down's status as the most recognised English wine brand is supported by
its partnerships with flagship sporting and cultural events including Ascot,
The Boat Race and Pub in the Park, and Chapel Down is the 'Official Sparkling
Wine' of the England and Wales Cricket Board.

Chapel Down is listed on the London Stock Exchange's AIM and has over 10,000
retail investors who enjoy discounts on Chapel Down's wines, tours and
tastings at the brand's home at Tenterden in Kent, which each year attracts
c50,000 visitors.

 

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