Grant of shares

RNS Number : 0529L

Majestic Wine PLC

14 July 2017

 

For Immediate Release                                                                                                                                                                14 July 2017

Majestic Wine PLC

("Majestic" or the "Company")

Grant of share awards and options

As part of the previously announced Employee Share Schemes, the following awards were granted on 13 July 2017:

Conditional share awards and nil-cost options over a total of 166,789 Ordinary Shares of 7.5 pence each ("shares") were granted to 110 new employees and those who have changed roles in the period, pursuant to the Company's Long Term Incentive Plan. ("LTIP").

Included in the 110 employees the below three PDMRs (Persons Discharging Managerial Responsibilities) received conditional awards: 

Name	Title	Number of Ordinary Shares granted	Total number of Ordinary Shares held subject to LTIP award
Eamon Fitzgerald	Managing Director Naked Wines UK	26,952	49,207
Greg Banbury	Managing Director Naked Wines Australia	22,082	36,510
Kathryn Andersen	Managing Director Lay & Wheeler	17,793	32,485

In addition, the Company announces that 139,609 shares and 17,196 conditional awards over shares were granted to 974 employees pursuant to the Company's Share Incentive Plan ("SIP").

Following these grants the Company has a total of 71,375,986 ordinary shares of 7.5p each in issue. There are 2,876,884 unvested conditional share awards and unexercised options issued under employee share schemes ⁽¹⁾, equating to approximately 4.04% of the issued ordinary share capital of the Company.

Majestic Wine PLC does not hold any Ordinary Shares in treasury.  Therefore, the total number of voting rights in Majestic Wine PLC is 71,375,986.

The above figure 71,375,986 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Majestic Wine PLC under the FCA's Disclosure and Transparency Rules.

Note:

(1)   The conditional share awards issued as part of the Naked Wines acquisition are excluded from shares reported as part of employee share schemes.  

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

DIRECTOR/PDMR SHAREHOLDING

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Eamon Fitzgerald
2	Reason for the notification
a)	Position/status	Managing Director, Naked Wines UK
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Majestic Wine PLC
b)	LEI	213800PRRI453CKM5429
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 7.5p GB00B021F836
b)	Nature of the transaction	Grant of conditional shares in the Company's LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 26,952
d)	Aggregated information -      Aggregated volume -      Price	N/A
e)	Date of the transaction	13 July 2017
f)	Place of the transaction	London Stock Exchange (XLON); AIM Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Greg Banbury
2	Reason for the notification
a)	Position/status	Managing Director, Naked Wines Australia
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Majestic Wine PLC
b)	LEI	213800PRRI453CKM5429
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 7.5p GB00B021F836
b)	Nature of the transaction	Grant of conditional shares in the Company's LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 22,082
d)	Aggregated information -      Aggregated volume -      Price	N/A
e)	Date of the transaction	13 July 2017
f)	Place of the transaction	London Stock Exchange (XLON); AIM Market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

DIRECTOR/PDMR SHAREHOLDING

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kathryn Andersen
2	Reason for the notification
a)	Position/status	Managing Director, Lay & Wheeler
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Majestic Wine PLC
b)	LEI	213800PRRI453CKM5429
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 7.5p GB00B021F836
b)	Nature of the transaction	Grant of conditional shares in the Company's LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 17,793
d)	Aggregated information -      Aggregated volume -      Price	N/A
e)	Date of the transaction	13 July 2017
f)	Place of the transaction	London Stock Exchange (XLON); AIM Market

For further information, please contact:

Majestic Wine PLC Rowan Gormley, Chief Executive Officer James Crawford, Chief Financial Officer Gabriella Clinkard, Public & Investor Relations	Tel: [phone] Tel: [phone] [e-mail]
Investec (NOMAD & Joint Broker) Garry Levin / David Flin / David Anderson/Carlton Nelson	Tel: [phone]
Liberum (Joint Broker) Peter Tracey / Anna Hartropp / Richard Bootle	Tel: [phone]
Instinctif Partners (PR Agency) Damian Reece	Tel: [phone]

About Majestic Wine PLC:

Majestic Wine PLC is a leading wine specialist, operating in four separate divisions, each with the fundamental goal of delivering sustained growth in shareholder value by doing the right thing for the Group's customers, suppliers and people:

•Majestic Retail - The UK's largest specialist wine retailer, with 210 branches in the UK and two in France. We help people find the wines they will love through over 900 highly trained, specialist store team members. Sales for the year ended 3 April 2017 were £262.2m.

•Naked Wines - Funds independent winemakers to make exclusive wines at preferential prices which we pass onto our customers. Naked Wines currently has 159 winemakers in 16 countries and 320,000 Mature Angels (Customers). Sales for the full year ended 3 April 2017 were £144.3m.

•Majestic Commercial - A specialist on-trade supplier who aims to support businesses to make their wine lists more profitable, with the unique advantage of running their supply chain through Majestic Retail stores. Sales for the year ended 3 April 2017 were £47.0m.

•Lay and Wheeler - A specialist fine wine merchant. Lay & Wheeler aims to be a trusted guide for people who love fine wine, supplying the world's finest wines with a personal service. Sales for the year ended 3 April 2017 were £14.7m.

 

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