REG - Naked Wines PLC - Launch of Share Buyback via Reverse ABB

Naked WinesAnnouncement

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RNS Number : 3757M  Naked Wines PLC  22 December 2025

22(nd) December 2025

 

Naked Wines plc

('Naked Wines' or the 'Company' or the 'Group')

 

Launch of Share Buyback via Reverse Accelerated Bookbuild

 

Naked Wines is pleased to announce the launch of a share buyback via Reverse
Accelerated Bookbuild ("RABB Buyback") to purchase ordinary shares of 7.5
pence each in the capital of the Group ("Ordinary Shares") up to a maximum
aggregate consideration of £2 million (the "Maximum Amount"). This Buyback is
in line with the Company's policy of ongoing distributions, and follows the
£2m buyback completed in September 2025. It reflects the Board's view that
shares will be purchased at prices well below their intrinsic value, thereby
increasing intrinsic value per share for all remaining shareholders.

 

Naked Wines has entered into an arrangement with Panmure Liberum Limited
("Panmure Liberum"), to conduct the RABB Buyback on its behalf starting from
today, pursuant to which Panmure Liberum will purchase, as principal up to the
Maximum Amount.

 

The RABB Buyback will commence immediately following this announcement and
will be closed at 16:35 (BST) on 22nd December 2025 (or other such time as the
Company and Panmure Liberum agree). The final number of Ordinary Shares to be
purchased, together with the purchase price will be agreed at the close of the
RABB Buyback at the sole discretion of the Company and Panmure Liberum, but no
more than 7,400,413 Ordinary Shares as set out in the authority given at the
2025 AGM.  The results of the RABB Buyback will be announced as soon as
practicable thereafter. To the extent that the RABB Buyback is oversubscribed,
orders will be scaled back (whether on a pro rata basis or otherwise) at the
sole discretion of the Company and Panmure Liberum.

 

In line with the authority given at the 2025 AGM, the maximum price per
Ordinary Share (exclusive of expenses) may not exceed the higher of 105 per
cent of the average middle market quotations for an Ordinary Share, as derived
from the London Stock Exchange Daily Official List, for the five business days
immediately preceding the day on which the Ordinary Share is purchased; an
amount equal to the higher of the price of the last independent trade of an
ordinary share; and the highest current independent purchase bid for an
ordinary share on the trading venue where the purchase is carried out at the
relevant time, including when shares are traded on different venues.

 

CREST Shareholders wishing to sell Ordinary Shares as part of the RABB Buyback
should inform their broker to contact Panmure Liberum before 16:35 (BST) on
22nd December 2025.

 

For logistical reasons, the RABB Buyback is not being made available to
shareholders who hold their Ordinary Shares in certificated form.

 

Purchase of the Company's Ordinary Shares pursuant to the RABB Buyback will
take place following announcement of the result of the RABB Buyback, expected
on or around 23 December 2025.

 

All Ordinary Shares purchased under the RABB Buyback shall be classified as
shares held in treasury. Such treasury shares have no voting rights at the
Company's general meetings.

 

Subject to the take-up under the RABB Buyback being below the Maximum Amount,
the Company will consider implementing a further on-market share buy-back
programme.

 

 

For further information, please contact:

 

 Naked Wines plc                               IR@nakedwines.com (mailto:IR@nakedwines.com)

 Rodrigo Maza, Chief Executive Officer

 Dominic Neary, Chief Financial Officer

 Catherine Miles, Investor Relations

 Panmure Liberum (NOMAD and Broker)            Tel: 0203 100 2222

 Ed Thomas / John More / Dru Danford

 Vigo Consulting (Financial PR)                Tel: 0207 390 0230

 Tim McCall / Guy Scarborough / Damian Reece

About Naked Wines

 

Naked Wines (https://www.nakedwines.co.uk/)  is not just an online wine
retailer; we're trailblazers on a mission to enable enthusiastic wine drinkers
to enjoy great wine without the guesswork.

Founded in 2008, on the pillars of quality, choice and fair pricing, we set
out to create the most inclusive wine club in the world - dedicated to
transforming the wine-buying experience and empowering people to make their
own wine choices, and championing world-class independent winemakers. We've
proudly been delivering outstanding wines to our customers (who we call
Angels) for over 16 years.

 

Our business model is simple yet innovative: Naked Wines funds the production
costs for winemakers upfront, allowing them to focus on creating exceptional
wines without the financial burdens of traditional wine production, while
passing the resulting savings back to our customers.

 

The virtuous circle is a win-win for both wine lovers and winemakers, and
enables us to deliver superior benefits to our customers:

 

- Better quality wine

- More choice

- Personalised wine recommendations

- Elimination of guesswork and uncertainty

- Fair payments for all involved

 

Our Angel customers in the UK, US and Australia have direct access to over 300
world-class independent winemakers and over 2,500 quality wines from 23
countries.

 

For more information visit nakedwinesplc.co.uk
(https://www.nakedwinesplc.co.uk/)  and nakedwines.co.uk
(http://nakedwines.co.uk/)  or find us @nakedwines
(https://www.instagram.com/nakedwines)

 

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