Lord Spencer extends backing for Chapel Down as share price falls flat

Lord Spencer by billionaire, Lord Spencer from Alsford, has already increased his major detention in the Al -Musalla Group, the largest wine producer in England, amid possible stagnation since December 2023.

Modern Stock Exchange files show that Spencer, founder of the ICAP broker and non -executive director in Chapel Down, has received 450,000 additional shares through his IPGL investment vehicle, prompting his total share to 27 percent and strengthening his position as the largest shareholder.

Its headquarters in the Kent, which is often referred to as “Garden of England”, the chapel cultivates more than 1,000 acres of chrome farms – 750 of which are completely fruitful – to produce sparkling wine and still. The company, which is calculated by Scott, the boat racing, the England Council and Wales Crickets between its partnership list, joined the Junior Junior Market in 55 pixels in December 2023. On Monday 34p – above the Spencer purchase price. The current market value is about 58 million pounds.

Nigel Ray, a serial entrepreneur and president of the former Sarasins Club for Rajabi, is the second largest shareholder of 13.8 percent, while Lord Ashcouvet-Vice Chairman of the Conservative and Owgens of the Gusible Wine Product Gusbourne carry 2.6 in the country. Gusbourne is expected to be long after Lord Ashkruvet, who owns 66.8 per cent through a Blaze's investment vehicle, to take it in particular. The shareholders will vote for the matter next month.

Chubled Down, who incited a strategic review in June, indicated in October that there are no acquisition offers that will make “a long -term contribution value.” Meanwhile, she underwent her leadership to recent changes: James Beneftere began his work as an executive head in November after directing distillation lakes through a sale. His predecessor, Andrew Carter, moves to the Timothy Taylor factory. Rob Smith, the financial manager of Chapel Down, also stepped down with Khalaf to be called soon.

Despite the market challenges, the outgoing Carter spoke of “significant improvement” in the second half of the year. More construction construction confirms its commitment, although the stock price is struggling to restore the credit he enjoyed before the goal list.