Andrew Carter to succeed Frazer Thompson as Chapel Down CEO trbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trbusiness.com Daily Mail and Mail on Sunday newspapers.
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.