Chapel Down opens £6m share offer to fund sparkling wine expansion

GRAND RESERVE OVERHEAD POUR chapel down

Chapel Down will sell £6m worth of new shares to fund a major expansion of its Champagne-style wine production

A capital raise set at 43p per share will aim to raise £5.5m in an accelerated bookbuild – where a listed company sells stock to institutional investors for rapidity’s sake – and a £0.5m offering to UK retail investors.

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