REG - Virgin Wines UK PLC - Grant of Options

Virgin Wines UKAnnouncement

07/12/2021 07:00

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RNS Number : 7535U  Virgin Wines UK PLC  07 December 2021

7 December 2021

 

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 6 December 2021, 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 506,527 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                            134,057
 Graeme Weir     CFO                            102,371
 Gareth Nutt     CTO                            73,122
 Andrew Baker    Buying Director                53,623
 Jon Shannon     Commercial Director            38,058
 Amanda Cherry   Head of Group Finance          36,561
 Ian Long        Director of Wine Sales         37,049
 Andrew Potts    Business Development Director  31,686

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 2024. The Options have an exercise price of one penny per ordinary share,
will vest from 1 November 2024 (the "Option Period") and will be exercisable
at the end of the Option Period until 6 December 2031.

Following the grant of the Options, the total number of Ordinary Shares
outstanding under the Group's LTIP is 1,216,739, representing 2.2 per cent. of
the Company's issued share capital.

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.

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)
 Clayton Bush

 James Greenwood

 John Fishley

 Christopher Whitaker

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

 (Public Relations)                    Tel: +44 20 7796 4133
 Alex Brennan

 Dan de Belder

 Charlotte Cobb

 Nick Moore

 

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.   GRAEME WEIR

                                                                   3.   GARETH NUTT

                                                                   4.   ANDREW BAKER

                                                                   5.   JON SHANNON

                                                                   6.   AMANDA CHERRY

                                                                   7.   IAN LONG

                                                                   8.   ANDREW POTTS
 2    Reason for the notification
 a)   Position/status                                              1.   CEO

                                                                   2.   CFO

                                                                   3.   CTO

                                                                   4.   BUYING DIRECTOR

                                                                   5.   COMMERCIAL DIRECTOR

                                                                   6.   HEAD OF GROUP FINANCE

                                                                   7.   DIRECTOR OF WINE SALES

                                                                   8.   BUSINESS DEVELOPMENT 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                                    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.   134,057

      2.   Nil consideration                                                                          2.   102,371

      3.   Nil consideration                                                                          3.   73,122

      4.   Nil consideration                                                                          4.   53,623

      5.   Nil consideration                                                                          5.   38,058

      6.   Nil consideration                                                                          6.   36,561

      7.   Nil consideration                                                                          7.   37,049

      8.   Nil consideration                                                                          8.   31,686

 d)   Aggregated information

       - Aggregated volume                                         506,527

       - Price                                                     Nil consideration

 e)   Date of the transaction                                      1.   6 December 2021

                                                                   2.   6 December 2021

                                                                   3.   6 December 2021

                                                                   4.   6 December 2021

                                                                   5.   6 December 2021

                                                                   6.   6 December 2021

                                                                   7.   6 December 2021

                                                                   8.   6 December 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. 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.

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