REG - Virgin Wines UK PLC - Grant of Options

Virgin Wines UKAnnouncement

24/06/2021 07:05

RNS Number : 9235C
  
Virgin Wines UK PLC
  
24 June 2021
  
 

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)


 
virginwines@hudsonsandler.com
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.
 
https://www.virginwinesplc.co.uk/
https://www.virginwines.co.uk/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHLXLLLFQLFBBV