REG - Virgin Wines UK PLC - Grant of Options - Director/PDMR Shareholding

Virgin Wines UKAnnouncement

02/05/2024 14:30

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RNS Number : 0564N  Virgin Wines UK PLC  02 May 2024

2 May 2024

Virgin Wines UK plc

 

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

Grant of Options - Director/PDMR Shareholding

Virgin Wines UK plc (AIM: VINO), one of the UK's largest direct-to-consumer
online wine retailers announces that on 30 April 2024, under the terms of the
Company's long term incentive plan ("LTIP"), the Board has approved the award
of and granted nominal cost options over 877,636 ordinary shares of one penny
each in the Company (the "Ordinary Shares") to the following directors and
persons discharging managerial responsibilities (the "Options"):

 Director/ PDMR  Position                Options granted
 Jay Wright      CEO                     477,254
 Jon Shannon     Commercial Director     139,701
 Ian Long        Director of Wine Sales  139,701
 Amanda Cherry   Financial Controller    120,980

The Options have been granted subject to continued employment and performance
conditions based on the Company's revenue and EBITDA for the year ending 30
June 2026. The Options have an exercise price of one penny per ordinary share,
will vest from 30 April 2027 (the "Option Period") and will be exercisable at
the end of the Option Period until 30 April 2034.

Following the grant of the Options, the total number of Ordinary Shares
outstanding under the Group's LTIP is 4,613,178, representing 8.3 per cent. of
the Company's issued share capital.

The Board believes it is key that the Group incentivises and retains directors
and senior managers to drive the business forward, whilst aligning their
interests with those of shareholders.

Enquiries:

 Virgin Wines UK plc                   Via Hudson Sandler
 John Risman, Non-Executive Chairman

 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)

 (Public Relations)                    Tel: +44 20 7796 4133
 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 information set out below is provided in accordance with the requirements
of Article 19(3) of the EU Market Abuse Regulation No 596/2014 (as it forms
part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         1.   JAY WRIGHT

                                                                   2.   JON SHANNON

                                                                   3.   IAN LONG

                                                                   4.   AMANDA CHERRY
 2    Reason for the notification
 a)   Position/status                                              1.   CEO

                                                                   2.   COMMERCIAL DIRECTOR

                                                                   3.   DIRECTOR OF WINE SALES

                                                                   4.   FINANCIAL CONTROLLER
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Virgin Wines UK plc

 b)   LEI                                                          2138002RL2S1UV7CK716

 4    Details of the transaction(s): section to be repeated for (i) each type of
      instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary Shares of 1 penny each

      Identification code

                                                                   ISIN: GB00BN33TR63
 b)   Nature of the transaction                                    Awards made pursuant to the Virgin Wines Long Term Incentive Plan

 c)   Price(s) and volume(s)                                       Price(s)                              Volume(s)

      1.   Nil consideration                                                                          1.   477,254

      2.   Nil consideration                                                                          2.   139,701

      3.   Nil consideration                                                                          3.   139,701

      4.   Nil consideration                                                                          4.   120,980
 d)   Aggregated information

       - Aggregated volume                                         877,636

       - Price                                                     Nil consideration

 e)   Date of the transaction                                      1.   30 April 2024

                                                                   2.   30 April 2024

                                                                   3.   30 April 2024

                                                                   4.   30 April 2024

                                                                   5.   30 April 2024
 f)   Place of the transaction                                     Outside a trading venue

 

 

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