REG - Naked Wines PLC - Advisory Appointment

Naked WinesAnnouncement

16/09/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220916:nRSP6835Za&default-theme=true

RNS Number : 6835Z  Naked Wines PLC  16 September 2022

 

Naked Wines plc

("Naked" or the "Group")

 

Advisory Appointment

 

Naked Wines announces that Rowan Gormley, former-CEO and material shareholder,
has been appointed as an advisor to the board as it finalises its revised
operational and financial plans for the business. The company will announce
these revised plans during the week commencing October 17th.

As of the date of this announcement, Rowan Gormley (directly and via related
parties) owns 2,134,104 shares representing 2.9% of the Group's issued share
capital and will be subject to Naked's share dealing policy.

The position of Board adviser is unpaid and is expected to last for a period
of two to three months. Mr Gormley will represent the views of shareholders
and advise the Board accordingly.

 

Darryl Rawlings, Chairman, said:

"We wanted shareholder involvement in our ongoing operational and financial
planning process. I welcome Rowan providing his insight to us because his
operational familiarity with the business and his viewpoint as a shareholder
will provide a unique and valuable perspective to the Board as we position
Naked for long-term sustainable growth"

For further information, please contact:

Naked Wines plc

Nick Devlin, Chief Executive Officer

Investec (NOMAD & Joint Broker)

David Flin / Carlton Nelson / Ben Farrow
 
Tel: 0207 597 5970

Jefferies (Joint Broker)

Ed Matthews / David Genis / Harry Clements
                                    Tel:
0207 029 8000

Instinctif (FInancial PR)

Guy Scarborough / Damian
Reece
Tel: 07917 178 920 / 07931 598 593

About Naked Wines plc

Naked Wines connects everyday wine drinkers with the world's best independent
winemakers.

Why? Because we think it's a better deal for everyone. Talented winemakers get
the support, funding and freedom they need to make the best wine they've ever
made. The wine drinkers who support them get much better wine at much better
prices than traditional retail.

It's a unique business model. Naked Wines customers commit to a fixed
prepayment each month which goes towards their next purchase. Naked in turn
funds the production costs for winemakers, generating savings that are passed
back to its customers. It creates a virtuous circle that benefits both wine
drinker and winemaker.

Our mission is to change the way the whole wine industry works for the better.
In the last year, we have served more than 960,000 Angel members in the US,
UK and Australia, making us a leading player in the fast-growing
direct-to-consumer wine market.

Our customers (who we call Angels) have direct access to 266 of the world's
best independent winemakers making over 2,500 quality wines in 20 different
countries. We collaborate with some of the world's best independent winemakers
like Matt Parish (Beringer, Stags' Leap) and 8-time Winemaker of the Year
Daryl Groom (Penfolds Grange).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  APPDDGDCSXBDGDU