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City snapshot: DS Smith sells €50m Dutch paper mill amid focus on fmcg packaging
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IN BRIEF: Chapel Down completes GBP6 9 million fundraise
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Investegate |Chapel Down Group plc Announcements | Chapel Down Group plc: AGM – Amendments to attendance instructions and location
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Chapel Down invites its pilgrims to invest in the company via Seedrs As the market leader [in English wines], we want to ensure that Chapel Down is best placed to benefit from the increasing consumer interest at home and abroad, said Chapel Down s CEO, Frazer Thompson.
Chapel Down, the English winemaker, is going down the crowdfunding route to supplement a traditional City fundraising.
The company, which calls its crowdfunding backers “pilgrims”, said those who invest in the company will receive up to a 33% discount on its wines.
The company intends to up to £5.45mln via the equity crowdfunding, with up to 9.2mln shares available at 59.5p, with a further £1.43mln targeted via a traditional placing of shares at the same price.