REG - Virgin Wines UK PLC - PDMR Notification

Virgin Wines UKAnnouncement

25/11/2022 16:45

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RNS Number : 6833H  Virgin Wines UK PLC  25 November 2022

25 November 2022

 

Virgin Wines UK plc

 

("Virgin Wines" or the "Company")

 

PDMR Notification

 

The Company announces that on 23 November 2022, a PDMR of the Group exercised
nil-cost options under the option agreement dated 24 February 2021 to
subscribe for a total of 299,435 ordinary shares of 1p each in the Company
("Ordinary Shares"). Accordingly, the trustee of the Employee Benefit Trust
has effected the transfer of 299,435 Ordinary Shares to the PDMR as
follows:

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Andrew Potts
 2.  Reason for the notification
 b)  Position / status                        Director of Business Development
 c)  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                                      213800WAVVOPS85N2205
 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  Ordinary Shares of 1p each

     Identification Code

                                              GB00BN33TR63
 b)  Nature of the transaction                Exercise of options
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)

                                        Nil cost  299,435

 d)  Aggregated information

                                               n/a

 e)  Date of the transaction                  23 November 2022
 f)  Place of the transaction                 London Stock Exchange, AIM Market (XLON)

d)

Aggregated information

 

 

 n/a

 

e)

Date of the transaction

23 November 2022

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

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)
 Clayton Bush

 Edward Thomas

 John Fishley

 Lucas Bamber

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

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

 Dan de Belder

 Charlotte Cobb

 

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 700 wines, 200 spirits and 100 beers in its
portfolio which it sells to an active customer base of 186,000 members. It has
approximately 200 employees and more than 40 trusted winemaking partners and
suppliers around the world.

 

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.
It partners with more than 350 trusted brands through its strategic and
commercial partnerships.

 

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 this
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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