REG - Virgin Wines UK PLC - Change of Auditor

Virgin Wines UKAnnouncement

02/05/2024 14:30

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RNS Number : 0569N  Virgin Wines UK PLC  02 May 2024

 

 

2 May 2024

 

Virgin Wines UK plc

 

("Virgin Wines", the "Company" or the "Group)

 

Change of Auditor

 

Virgin Wines UK plc (AIM: VINO), one of the UK's largest direct-to-consumer
online wine retailers, announces that following a competitive and
comprehensive tender process, the Group has appointed Azets Audit Services
Limited ("Azets") as its auditor for the financial year ending 30 June 2024.

 

Azets is a Top 10 accountancy firm with a strong regional network across the
UK. The Group was impressed throughout the process with the Azets team's
sector experience, specific audit approach, and references. The Group intends
to confirm the appointment in a vote of shareholders at the Group's 2024
Annual General Meeting later this year.

 

The appointment of Azets follows the resignation of PricewaterhouseCoopers LLP
("PwC") with effect from 25 April 2024. As required by Section 519 of the
Companies Act 2006, PwC has confirmed to the Group that there are no
circumstances connected with the resignation which it considers should be
brought to the attention of the members or creditors of the Company.

 

The Board wishes to take this opportunity to thank PwC for its services to the
Group in recent years.

 

 

Enquiries:

 

 Virgin Wines UK plc                   Via Hudson Sandler

 Jay Wright, CEO

 Graeme Weir, CFO

 Liberum Capital Limited               Tel: +44 20 3100 2222

 (Nominated Adviser and Sole Broker)

 Edward Thomas

 Dru Danford

 John Fishley

 Hudson Sandler                        virginwines@hudsonsandler.com (mailto:virginwines@hudsonsandler.com) Tel: +44

                                     20 7796 4133
 (Public Relations)

 Alex Brennan

 Dan de Belder

 Charlotte Cobb

 Harry Griffiths

Notes to editors:

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 more than 600 wines and 100 spirits in its portfolio, which
it sells to an active customer base including over 150,000 members of its
subscription schemes. It has approximately 200 employees and a global network
of trusted winemaking partners and suppliers around the world.

The Company drives the majority of 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.

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

 

 

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