Director/PDMR Shareholding
IPGL Limited, a person closely associated with Chapel Down Group's Non-Executive Chair Michael Spencer, purchased 100,000 ordinary shares on October 23, 2025, at a price of 39.0 pence per share. Following this transaction, IPGL Limited now holds 46,695,250 ordinary shares, representing 27.2 percent of the company's issued share capital. Michael Spencer's total beneficial interest is 46,873,821 shares, comprising the shares held by IPGL Limited and 178,571 shares held personally, equating to 27.3 percent of the company's issued share capital. The purchase occurred on the AIM market of the London Stock Exchange.
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Chapel Down has been informed that IPGL Limited purchased 100,000 ordinary shares in the Company ("Ordinary Shares") at a price of 39.0 pence per share on 23 October 2025.
Following the share purchase, IPGL Limited holds 46,695,250 Ordinary Shares, equivalent to 27.2 per cent of the Company's issued share capital.
IPGL Limited is a 'person closely associated' ("PCA") with Michael Spencer, Non-Executive Chair of the Company. Further details on the share purchase are included below.
Note: Michael Spencer has a total beneficial interest of 46,873,821, comprising 46,695,250 shares held by IPGL Limited and 178,571 shares held in his personal capacity. This represents a total beneficial interest equivalent to 27.3 per cent of the company's issued share capital.
| Chapel Down Group plc James Pennefather Louan Mouton | Chief Executive Officer Chief Financial Officer | 01580 763 033 |
| Singer Capital Markets Shaun Dobson Tom Salvesen Alex Bond James Todd | Nominated Adviser and Broker | 020 7496 3000 |
| H/Advisors Maitland Sam Cartwright Jonathan Cook | 020 7379 5151 | |
| a) | Name | IPGL Limited |
| 2 | Reason for the notification | |
| a) | Position/status | Person Closely Associated with Michael Spencer (Director and PDMR of the Company) |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Chapel Down Group plc |
| b) | LEI | 213800BAUCZ4OXC97W72 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares |
| Identification code | GB0032706284 | |
| b) | Nature of the transaction | Purchase of Ordinary Shares |
| c) | Price(s) and volume(s) | Price: 39.0 pence Volume: 100,000 |
| d) | Aggregated information | N/A |
| e) | Date of the transaction | 23 October 2025 |
| f) | Place of the transaction | AIM, London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.