REG - Virgin Wines UK PLC - Grant of Options
24 June 2021
Virgin Wines UK plc
("Virgin Wines", the "Company" or the "Group")
Grant of Options
Virgin Wines UK plc (AIM: VINO), one of the UK's largest direct-to-consumer online wine retailers, announces that, 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 133,569 ordinary shares of one penny each in the Company ("Ordinary Shares") to certain employees (the "Options").
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 2023. The Options have an exercise price of one penny per ordinary share, will vest from 1 November 2023 (the "Option Period") and will be exerciseable at the end of the Option Period until 1 November 2033.
The Board believes it is key that the Group incentivise and retain directors and senior managers to drive the business forward, whilst aligning their interests with those of shareholders. The Options have been granted to persons discharging managerial responsibilities ("PDMRs"), as set out below:
Director/ PDMR
Position
Options granted
Andrew Baker
Buy Director
32,581
Jon Shannon
Commercial Director
22,782
Amanda Cherry
Head of Group Finance
41,467
Ian Long
Director of Wine Sales
18,967
Andrew Potts
Business Development Director
17,772
Following the grant of the Options, the total number of Ordinary Shares outstanding under the Group's LTIP is 133,569, representing 0.2 per cent. of the Company's issued share capital.
Enquiries:
Virgin Wines UK plc
Via Hudson Sandler
John Risman, Non-Executive Chairman
Jay Wright, CEO
Graeme Weir, CFO
Liberum Capital Limited
(Nominated Adviser and Sole Broker)
Tel: +44 20 3100 2222
Clayton Bush
James Greenwood
John Fishley
Christopher Whitaker
Hudson Sandler
(Public Relations)
Tel: +44 20 7796 4133
Alex Brennan
Dan de Belder
Lucy Wollam
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
ANDREW BAKER
2
Reason for the notification
a)
Position/status
Buying 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
Identification code
Ordinary Shares of 1 penny each
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)
Nil consideration
32,581
d)
Aggregated information
- Aggregated volume
- Price
32,581
Nil consideration
e)
Date of the transaction
23 June 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
JON SHANNON
2
Reason for the notification
a)
Position/status
PDMR
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
Identification code
Ordinary Shares of 1 penny each
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)
Nil consideration
22,782
d)
Aggregated information
- Aggregated volume
- Price
22,782
Nil consideration
e)
Date of the transaction
23 June 2021
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
PDMR
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
Identification code
Ordinary Shares of 1 penny each
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)
Nil consideration
41,467
d)
Aggregated information
- Aggregated volume
- Price
41,467
Nil consideration
e)
Date of the transaction
23 June 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
IAN LONG
2
Reason for the notification
a)
Position/status
PDMR
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
Identification code
Ordinary Shares of 1 penny each
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)
Nil consideration
18,967
d)
Aggregated information
- Aggregated volume
- Price
18,967
Nil consideration
e)
Date of the transaction
23 June 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
ANDREW POTTS
2
Reason for the notification
a)
Position/status
PDMR
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
Identification code
Ordinary Shares of 1 penny each
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)
Nil consideration
17,772
d)
Aggregated information
- Aggregated volume
- Price
17,772
Nil consideration
e)
Date of the transaction
23 June 2021
f)
Place of the transaction
Outside a trading venue
Notes to editors:
Virgin Wines is one of the UK's largest direct-to-consumer online wine retailers. More than 90% of its wines by volume are exclusive and during 2020 the company delivered over one million cases to its customers. The company also sells a growing range of beers and spirits as well as having an industry leading gift service and a thriving corporate sales department.
It is a multi-award-winning business with a reputation for curating and supplying high quality products, excellent levels of customer service and innovative ways of retailing.
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