PDMR Notification

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, t he 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 Identification Code	Ordinary Shares of 1p each  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)

Enquiries:

Virgin Wines UK plc	Via Hudson Sandler
Jay Wright, CEO Graeme Weir, CFO
Liberum Capital Limited (Nominated Adviser and Sole Broker)	Tel: [phone]
Clayton Bush Edward Thomas John Fishley Lucas Bamber
Hudson Sandler (Public Relations)	[e-mail] Tel: [phone]
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/

 

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