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Naked Wines PLC (WINE)

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Friday 16 August, 2019

Naked Wines PLC

Director/PDMR Shareholding

RNS Number : 3158J
Naked Wines PLC
16 August 2019
 

Naked Wines plc

 

For Immediate Release

16 August 2019

 

 

 

Naked Wines plc

("the Company")

 

Issue of deferred consideration shares

Director/PDMR Shareholdings

 

The Board of Naked Wines plc are pleased to announce that the Naked Wines business has again met in full the Return on Investment performance conditions relating to the deferred contingent consideration for the third, and final, year of the acquisition earn-out period. 

 

In line with the amounts outlined in the 2015 acquisition agreement, 172,657 new ordinary shares of 7.5p each in the Company ("Ordinary Shares") have now been issued to 5 members of the management team through an Employee Benefit Trust.

 

4 PDMR's (Persons Discharging Managerial Responsibilities) are included in the 5 members of the management team and have notified the Company of the following transactions, to cover tax and national insurance liabilities: 

Name

Title

Number of Ordinary Shares awarded

Number of Ordinary Shares sold to cover tax liabilities

Sale price per Ordinary Share

Total number of Ordinary Shares held

 

James Crawford

Chief Financial Officer - Naked Wines plc

53,614

25,259

£2.65053

*113,499

(*Including persons closely associated)

Joshua Lincoln Creese

Managing Director Majestic Wine Warehouses Limited

10,814

4,466

£2.65053

20,148

Nicholas Devlin

Chief Operating Officer - Naked Wines plc

15,000

6,004

£2.65053

24,345

Derek Hardy

Chief Technology Officer - Naked Wines plc

85,729

37,412

£2.65053

159,049

 

In addition, following the satisfaction of performance criteria, an additional third of the following PDMR's consideration shares that were issued at the time of the acquisition in 2015 but were restricted from being traded, have now become unrestricted:

 

Name

Title

Number of Ordinary Shares unrestricted

Number of Ordinary Shares sold to cover tax liabilities

Sale price per Ordinary Share

Total number of Ordinary Shares held

Rowan Gormley

Chief Executive Officer

Naked Wines plc

1,080,191

500,000

£2.78504

3,894,581

 

The notifications below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulations.

 

For further information, please contact:

Naked Wines plc

Rowan Gormley, Chief Executive Officer

James Crawford, Chief Financial Officer

 

Tel: 01923 298 200

[email protected]

 

 

 

 Investec (NOMAD & Broker)

David Flin / Carlton Nelson / David Anderson

 Tel: 0207 597 5970

 

 

 

Instinctif Partners (PR Agency)

Damian Reece

 

 

Tel: 0207 457 2020

 

NAKED WINES plc

DIRECTOR/PDMR SHAREHOLDING

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

James Crawford

2

Reason for the notification

 

a)

Position/status

 

Chief Financial Officer 

b)

Initial notification/ Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

Naked Wines plc

 

b)

LEI

 

213800IYPFIRRQQE9R62

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

 

1)    Vesting of Naked Wines acquisition incentive award shares

2)    Sale of Ordinary Shares to meet tax and National Insurance  liabilities

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1)    Nil

2)    GBP 2.65053

1)    Shares awarded: 53,614

 

2)    Shares sold: 25,259

 

 

d)

Aggregated information

 

-      Aggregated volume

 

-    Price

 

 

 

 

1) 25,259

 

 

2) GBP 2.65053

e)

Date of the transaction

 

 

 15 August 2019

f)

Place of the transaction

 

 

London Stock Exchange (XLON); AIM Market

 

NAKED WINES plc

DIRECTOR/PDMR SHAREHOLDING

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Joshua Lincoln Creese

2

Reason for the notification

 

a)

Position/status

 

Managing Director - Majestic Wine Warehouses Limited

b)

Initial notification/ Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

Naked Wines plc

 

b)

LEI

 

213800IYPFIRRQQE9R62

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

 

3)    Vesting of Naked Wines acquisition incentive award shares

4)    Sale of Ordinary Shares to meet tax and National Insurance  liabilities

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

3)    Nil

4)    GBP  2.65053

3)    Shares awarded: 10,814

 

4)    Shares sold: 4,466

 

d)

Aggregated information

 

-      Aggregated volume

 

-    Price

 

 

 

 

1) 4,466

 

 

2) GBP 2.65053

e)

Date of the transaction

 

 

 15 August 2019

f)

Place of the transaction

 

 

London Stock Exchange (XLON); AIM Market

 

 

NAKED WINES plc

DIRECTOR/PDMR SHAREHOLDING

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Derek Hardy

2

Reason for the notification

 

a)

Position/status

 

Chief Technical Officer 

b)

Initial notification/ Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

Naked Wines plc

 

b)

LEI

 

213800IYPFIRRQQE9R62

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

 

5)    Vesting of Naked Wines acquisition incentive award shares

6)    Sale of Ordinary Shares to meet tax and National Insurance  liabilities

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

5)    Nil

6)    GBP 2.65053

5)    Shares awarded: 85,729

 

6)    Shares sold: 37,412

 

d)

Aggregated information

 

-      Aggregated volume

 

-    Price

 

 

 

 

1) 37,412

 

 

2) GBP 2.65053

e)

Date of the transaction

 

 

 15 August 2019

f)

Place of the transaction

 

 

London Stock Exchange (XLON); AIM Market

 

NAKED WINES plc

DIRECTOR/PDMR SHAREHOLDING

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Nicholas Devlin

2

Reason for the notification

 

a)

Position/status

 

Chief Operating Officer 

b)

Initial notification/ Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

Naked Wines plc

 

b)

LEI

 

213800IYPFIRRQQE9R62

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

 

7)    Vesting of Naked Wines acquisition incentive award shares

8)    Sale of Ordinary Shares to meet tax and National Insurance  liabilities

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

7)    Nil

8)    GBP 2.65053

7)    Shares awarded: 15,000

 

8)    Shares sold: 6,004

 

d)

Aggregated information

 

-      Aggregated volume

 

-    Price

 

 

 

 

1) 6,004

 

2) GBP 2.65053

e)

Date of the transaction

 

 

 15 August 2019

f)

Place of the transaction

 

 

London Stock Exchange (XLON); AIM Market

 


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