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

Virgin Wines UKAnnouncement

07/05/2025 10:15

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RNS Number : 6768H  Virgin Wines UK PLC  07 May 2025

7 May 2025

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 2 May 2025, 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 221,657 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             Number of Options previously held  Options granted  Number of options held
 Jay Wright      CEO                  823,487                            35,106           858,593
 Amanda Cherry   CFO                  230,012                            75,094           305,106
 Ian Long        COO                  265,604                            57,572           323,176
 Jon Shannon     Commercial Director  276,099                            53,885           329,984

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 2027. The Options have an exercise price of one penny per ordinary share,
will vest from 2 May 2028 (the "Option Period") and will be exercisable at the
end of the Option Period until 2 May 2035.

As set out in the Company's announcement made on 5 March 2025, Amanda Cherry
has taken up post as Chief Financial Officer. In connection with her
appointment, and pursuant to the LTIP, Amanda has additionally been granted a
special Restricted Share Award ("RSA") entitling her to acquire 300,000
Ordinary Shares in the Company.

Following the grant of the Options and the RSA, over, in aggregate 521,657
ordinary shares, the total number of options over Ordinary Shares outstanding
under the Group's LTIP is 5,587,717, representing 9.98 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

 Amanda Cherry, CFO

 Cavendish                             Tel: +44 (0) 20 7220 0500

 (Nominated Adviser and Sole Broker)
 Matt Goode

 Carl Holmes

 Seamus Fricker

 Elysia Bough

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

 (Public Relations)                    Tel: +44 20 7796 4133
 Dan de Belder

 Harry Griffiths

 Eloise Fleet

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 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 is headquartered in Norwich, with two fully bonded, national
distribution centres in Preston and Bolton. It stocks over 650 wines sourced
from more than 40 trusted winemaking partners and suppliers around the world
which it sells to a large active customer base, the majority of whom are on
one of the Group's subscription schemes.

 

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 that its flagship WineBank service was awarded 'Wine Club of the
Year' at the 2024 IWC Awards, was named Online Drinks Retailer of the Year for
2022 at the 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 named Buyer of
the Year by Decanter magazine.

 

 

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.   AMANDA CHERRY

                                                                   3.   IAN LONG

                                                                   4.   JON SHANNON
 2    Reason for the notification
 a)   Position/status                                              1.   CEO

                                                                   2.   CFO

                                                                   3.   COO

                                                                   4.   COMMERCIAL DIRECTOR
 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                                    Grant of options pursuant to the Virgin Wines LTIP

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

      1.   Nil consideration                                                                   1.   35,106

      2.   Nil consideration                                                                   2.   75,094

      3.   Nil consideration                                                                   3.   57,572

      4.   Nil consideration                                                                   4.   53,885
 d)   Aggregated information

       - Aggregated volume                                         221,657

       - Price                                                     Nil consideration

 e)   Date of the transaction                                      1.   2 May 2025

                                                                   2.   2 May 2025

                                                                   3.   2 May 2025

                                                                   4.   2 May 2025
 f)   Place of the transaction                                     Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         AMANDA CHERRY
 2    Reason for the notification
 a)   Position/status                                              CFO

 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                                    Grant of RSU pursuant to the Virgin Wines LTIP

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

      Nil consideration                                                                        300,000
 d)   Aggregated information

       - Aggregated volume                                         300,000

       - Price                                                     Nil consideration

 e)   Date of the transaction                                      2 May 2025

 f)   Place of the transaction                                     Outside a trading venue

 

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