Naked Wines PLC Board Change (0660A)

TIDMWINE

RNS Number : 0660A

Naked Wines PLC

18 January 2024

18 January 2024

Naked Wines plc

("Naked Wines" or "Group")

Board Change

As stated in the separate trading update issued earlier today, Naked Wines announces that Melanie Allen is stepping down from the Board and her role as Non-Executive Director with immediate effect. We would like to thank Melanie for her valuable contributions and insight over the past two years, in particular around our marketing strategy and US operations.

For further information, please contact:

 
 Naked Wines plc                      [e-mail] 
  Rowan Gormley, Executive Chairman 
  James Crawford, Chief Financial 
  Officer 
  Clara Melia / Catherine Miles 
 Investec (NOMAD & Joint Broker)      Tel: [phone] 
  David Flin / Ben Farrow 
 Jefferies (Joint Broker)             Tel: [phone] 
  Ed Matthews / Gill O'Driscoll 
 Instinctif (Financial PR)            Tel: [phone] 
  Guy Scarborough / Damian Reece       593 
 

About Naked Wines plc

Naked Wines connects everyday wine drinkers with the world's best independent winemakers.

Why? Because we think it's a better deal for everyone. Talented winemakers get the support, funding and freedom they need to make the best wine they've ever made. The wine drinkers who support them get much better wine at much better prices than traditional retail.

It's a unique business model. Naked Wines customers (who we call Angels) commit to a fixed prepayment each month which goes towards their next purchase. In turn. Naked funds the production costs for winemakers, generating savings that are passed back to its customers. It creates a virtuous circle that benefits both wine drinker and winemaker.

Our mission is to change the way the whole wine industry works for the better. In the last financial year we served more than 792,000 Angels in the US, UK and Australia, making us a leading player in the fast-growing direct-to-consumer wine market.

Our customers have direct access to 293 of the world's best independent winemakers making over 2,000 quality wines in 22 different countries. We collaborate with some of the world's best independent winemakers like Matt Parish (Beringer, Stags' Leap) and eight-time Winemaker of the Year Daryl Groom (Penfolds Grange).

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January 18, 2024 02:01 ET (07:01 GMT)