Chapel Down Group — Launch of Retail Offer

(LSE:CDGP) Chapel Down Group has launched a Retail Offer of up to 1,162,790 new ordinary shares at 43p per share. This Retail Offer is being conducted alongside a separate Placing of 12,790,697 shares at 43p per share. The Placing has raised gross proceeds of approximately £5.5 million. Combined, the Retail Offer and Placing would issue a total of 13,953,487 new shares and raise approximately £6.0 million, with the Retail Offer expected to contribute around £0.5 million. The Issue Price for both offers is set at 43p, which matches the mid-market price as of 4 November. The Retail Offer opens on 5 November and closes on 9 November. Retail Admission is expected on 13 November, while Placing Admission is expected on 10 November. Neither the Retail Offer nor the Placing requires shareholder approval. Both issuances will be made under existing allotment authorities. The new shares will create immediate dilution for existing shareholders. There is market-price risk, as the new shares will trade alongside a live market price that may be below the Issue Price of 43p. The announcement does not mention any named executives or provide further operational details. The company is proceeding with these issuances to raise capital efficiently under current authorities.