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WINE Naked Wines Plc

53.50
-1.25 (-2.28%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Naked Wines Plc LSE:WINE London Ordinary Share GB00B021F836 ORD 7.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.25 -2.28% 53.50 52.50 53.40 56.00 53.40 55.90 126,514 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Wine,brandy & Brandy Spirits 354.05M -17.41M -0.2353 -2.27 39.52M

Majestic Wine PLC Director/PDMR Shareholding (5846D)

27/04/2017 2:13pm

UK Regulatory


Naked Wines (LSE:WINE)
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From Apr 2019 to Apr 2024

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TIDMWINE

RNS Number : 5846D

Majestic Wine PLC

27 April 2017

For Immediate Release 27 April 2017

Majestic Wine PLC

("Majestic")

Issue of deferred consideration shares

Director/PDMR Shareholdings

As announced on 25 April 2017, return on investment performance conditions relating to the deferred contingent consideration for the first year of the Naked Wines acquisition earn-out have been met in full.

In line with the timing and amounts outlined in the 2015 acquisition agreement, 434,115 new ordinary shares of 7.5p each in the Company ("Ordinary Shares") have now been issued to 29 members of Naked Wines management through an Employee Benefit Trust.

Four PDMR's (Persons Discharging Managerial Responsibilities) are included in the 29 members of the management team and have notified the Company of the following transactions in order to cover Tax and National Insurance liabilities:

 
       Name                Title            Number        Number of       Sale price    Total number 
                                          of Ordinary      Ordinary       per Ordinary   of Ordinary 
                                            Shares        Shares sold        Share         Shares 
                                            awarded        to cover                         held 
                                                        tax liabilities 
------------------  ------------------  -------------  ----------------  -------------  ------------ 
                      Chief Financial 
  James Crawford          Officer           53,614          25,294          GBP3.72        42,320 
------------------  ------------------  -------------  ----------------  -------------  ------------ 
                     Chief Technology 
    Derek Hardy           Officer           85,729          35,563          GBP3.72        86,148 
------------------  ------------------  -------------  ----------------  -------------  ------------ 
                         Managing 
                          Director 
                        Naked Wines 
 Eamon Fitzgerald            UK             70,547          33,281          GBP3.72        37,266 
------------------  ------------------  -------------  ----------------  -------------  ------------ 
                         Managing 
                          Director 
                        Naked Wines 
   Greg Banbury          Australia          2,707           1,340           GBP3.72        25,686 
------------------  ------------------  -------------  ----------------  -------------  ------------ 
 

In addition, following the satisfaction of performance criteria, a 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           Total number 
                                            Ordinary         of Ordinary Shares 
                                       Shares unrestricted          held 
---------------  ------------------  ---------------------  ------------------- 
                   Chief Executive 
 Rowan Gormley         Officer             1,724,345             4,528,881 
---------------  ------------------  ---------------------  ------------------- 
                  Chief Technology 
  Derek Hardy          Officer               9,853                86,148 
---------------  ------------------  ---------------------  ------------------- 
                      Managing 
                       Director 
                     Naked Wines 
   Luke Jecks            USA                102,995               308,985 
---------------  ------------------  ---------------------  ------------------- 
                      Managing 
                       Director 
                     Naked Wines 
  Greg Banbury        Australia              8,106                25,686 
---------------  ------------------  ---------------------  ------------------- 
 

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

For further information, please contact:

 
 Majestic Wine PLC                        Tel: 01923 298 200 
  Rowan Gormley, Chief Executive           Tel: 07891 206239 
  Officer                                  gabby.clinkard@majestic.co.uk 
  James Crawford, Chief Financial 
  Officer 
  Gabriella Clinkard, Public & Investor 
  Relations 
  Investec (NOMAD & Joint Broker)          Tel: 0207 597 5970 
   Garry Levin / David Flin / David 
   Anderson/Carlton Nelson 
  Liberum (Joint Broker)                   Tel: 020 3100 2222 
   Peter Tracey / Anna Hartropp / 
   Richard Bootle 
 

MAJESTIC WINE 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                     Initial Notification 
        notification/ 
        Amendment 
----  --------------------------  ------------------------------------------- 
 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                 Ordinary Shares of 7.5p 
        of the                      GB00B021F836 
        financial 
        instrument, 
        type of 
        instrument 
        Identification 
        code 
----  --------------------------  ------------------------------------------- 
 b)    Nature                           1) Vesting of Naked Wines acquisition 
        of the                           incentive award shares 
        transaction                      2) Sale of Ordinary Shares 
                                         to meet tax and National Insurance 
                                         liabilities 
----  --------------------------  ------------------------------------------- 
 c)    Price(s)                      Price(s)       Volume(s) 
        and volume(s)                -------------  --------------- 
                                           1) Nil    1) Shares 
                                                      awarded: 
                                                      53,614 
                                            2) GBP    2) Shares 
                                             3.72      sold: 25,294 
                                     -------------  --------------- 
----  --------------------------  ------------------------------------------- 
       Aggregated 
 d)     information                 2 ) 25,249 
                                     2 ) 372p 
    *    Aggregated volume 
 
 
 
    *    Price 
 -------------------------------  ------------------------------------------- 
 e)    Date of                      27 April 2017 
        the transaction 
----  --------------------------  ------------------------------------------- 
 f)    Place                        London Stock Exchange (XLON); 
        of the                       AIM Market 
        transaction 
----  --------------------------  ------------------------------------------- 
 

MAJESTIC WINE 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 Technology Officer 
----  --------------------------  ------------------------------------------- 
 b)    Initial                     Initial Notification 
        notification/ 
        Amendment 
----  --------------------------  ------------------------------------------- 
 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                 Ordinary Shares of 7.5p 
        of the                      GB00B021F836 
        financial 
        instrument, 
        type of 
        instrument 
        Identification 
        code 
----  --------------------------  ------------------------------------------- 
 b)    Nature                           1) Vesting of Naked Wines acquisition 
        of the                           incentive award shares 
        transaction                      2) Sale of Ordinary Shares 
                                         to meet tax and National Insurance 
                                         liabilities 
----  --------------------------  ------------------------------------------- 
 c)    Price(s)                      Price(s)       Volume(s) 
        and volume(s)                -------------  -------------------- 
                                           1) Nil         1) Shares 
                                                           awarded: 
                                                           85,729 
                                            2) GBP         2) Shares 
                                             3.72           sold: 35,563 
                                     -------------  -------------------- 
----  --------------------------  ------------------------------------------- 
       Aggregated 
 d)     information                 2 ) 35,563 
                                     2 ) 372p 
    *    Aggregated volume 
 
 
 
    *    Price 
 -------------------------------  ------------------------------------------- 
 e)    Date of                      27 April 2017 
        the transaction 
----  --------------------------  ------------------------------------------- 
 f)    Place                        London Stock Exchange (XLON); 
        of the                       AIM Market 
        transaction 
----  --------------------------  ------------------------------------------- 
 

MAJESTIC WINE PLC

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                     Initial Notification 
        notification/ 
        Amendment 
----  --------------------------  ------------------------------------------- 
 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                 Ordinary Shares of 7.5p 
        of the                      GB00B021F836 
        financial 
        instrument, 
        type of 
        instrument 
        Identification 
        code 
----  --------------------------  ------------------------------------------- 
 b)    Nature                           1) Vesting of Naked Wines acquisition 
        of the                           incentive award shares 
        transaction                      2) Sale of Ordinary Shares 
                                         to meet tax and National Insurance 
                                         liabilities 
----  --------------------------  ------------------------------------------- 
 c)    Price(s)                      Price(s)       Volume(s) 
        and volume(s)                -------------  ------------------- 
                                           1) Nil         1) Shares 
                                            2) GBP         awarded: 
                                            372p           70,547 
 
                                                           2) Shares 
                                                           sold: 33,281 
                                     -------------  ------------------- 
----  --------------------------  ------------------------------------------- 
       Aggregated 
 d)     information                 2 ) 33,281 
                                     2 ) 372p 
    *    Aggregated volume 
 
 
 
    *    Price 
 -------------------------------  ------------------------------------------- 
 e)    Date of                      27 April 2017 
        the transaction 
----  --------------------------  ------------------------------------------- 
 f)    Place                        London Stock Exchange (XLON); 
        of the                       AIM Market 
        transaction 
----  --------------------------  ------------------------------------------- 
 

MAJESTIC WINE PLC

DIRECTOR/PDMR SHAREHOLDING

 
 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                     Initial Notification 
        notification/ 
        Amendment 
----  --------------------------  ------------------------------------------- 
 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                 Ordinary Shares of 7.5p 
        of the                      GB00B021F836 
        financial 
        instrument, 
        type of 
        instrument 
        Identification 
        code 
----  --------------------------  ------------------------------------------- 
 b)    Nature                           1) Vesting of Naked Wines acquisition 
        of the                           incentive award shares 
        transaction                      2) Sale of Ordinary Shares 
                                         to meet tax and National Insurance 
                                         liabilities 
----  --------------------------  ------------------------------------------- 
 c)    Price(s)                      Price(s)       Volume(s) 
        and volume(s)                -------------  ------------------- 
                                           1) Nil         1) Shares 
                                                           awarded: 
                                                           2,707 
                                            2) GBP         2)Shares 
                                             3.72           sold: 1,340 
                                     -------------  ------------------- 
----  --------------------------  ------------------------------------------- 
       Aggregated 
 d)     information                 2 ) 1,340 
                                     2 ) 372p 
    *    Aggregated volume 
 
 
 
    *    Price 
 -------------------------------  ------------------------------------------- 
 e)    Date of                      27 April 2017 
        the transaction 
----  --------------------------  ------------------------------------------- 
 f)    Place                        London Stock Exchange (XLON); 
        of the                       AIM Market 
        transaction 
----  --------------------------  ------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHSEEFDWFWSEFL

(END) Dow Jones Newswires

April 27, 2017 09:13 ET (13:13 GMT)

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