REG - Virgin Wines UK PLC - Block Admission Application to AIM

Virgin Wines UKAnnouncement

16/11/2023 07:00

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RNS Number : 6787T  Virgin Wines UK PLC  16 November 2023

16 November 2023

 

Virgin Wines UK plc

Block Admission Application to AIM

("Virgin Wines" or the "Company")

 

Virgin Wines announces an application has been made to the London Stock
Exchange for the admission to trading on AIM of 1,200,000 ordinary shares of
£0.01 each in the Company ("New Ordinary Shares").

The New Ordinary Shares will be issued from time to time in order to satisfy
the requirement to allot shares under the Virgin Wines Long Term Incentive
Plan. It is expected that admission will become effective on 17 November 2023.

When issued, the New Ordinary Shares will be credited as fully paid and will
rank pari passu in all respects with the existing ordinary shares of £0.01
each in the capital of the Company.

- Ends -

Enquiries:

 

 Virgin Wines UK plc                     Via Hudson Sandler

 Jay Wright, CEO

 Graeme Weir, CFO

 Liberum Capital Limited

 (Nominated Adviser and Sole Broker)

 Edward Thomas

 Dru Danford

 John Fishley

 Anake Singh

 Hudson Sandler

 (Public Relations)

 Alex Brennan

 Dan de Belder

 Charlotte Cobb

 Harry Griffiths

                                         Tel: +44 20 3100 2222

                                         virginwines@hudsonsandler.com (mailto:virginwines@hudsonsandler.com)

                                         Tel: +44 20 7796 4133

 

Notes to editors:

About Virgin Wines

Virgin Wines is one of the UK's largest direct-to-consumer online wine
retailers. It is an award-winning business which has a reputation for
supplying and curating high quality products, excellent levels of customer
service and innovative ways of retailing.

The Company, which is headquartered in Norwich, UK, was established in 2000 by
the Virgin Group and was subsequently acquired by Direct Wines in 2005 before
being bought out by the Virgin Wines management team, led by CEO Jay Wright
and CFO Graeme Weir, in 2013. It listed on the London Stock Exchange's
Alternative Investment Market (AIM) in 2021.

Virgin Wines has almost 700 wines and c. 150 spirits in its portfolio which it
sells to an active customer base of more than 170,000 members. It has
approximately 200 employees and more than 40 trusted winemaking partners and
suppliers around the world.

The Company drives the majority of its revenue though its fast-growing
WineBank subscription scheme, using a variety of marketing channels, as well
as through its Wine Advisor team, Wine Plan channel and Pay As You Go service.

Along with its extensive range of award-winning products, Virgin Wines was
delighted to be named Online Drinks Retailer of the Year for 2022 at last
year's Drinks Retailing Awards, as well as receiving the bronze award for
Contact Centre of the Year at the 2022 UK National Contact Centre Awards. In
addition, in 2023 the Group's Head of Buying, Sophie Lord, was also named
Buyer of the Year by Decanter magazine.

https://www.virginwinesplc.co.uk/ (https://www.virginwinesplc.co.uk/)

 

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