Majestic Wine PLC Broker Update (4268B)

TIDMWINE

RNS Number : 4268B

Majestic Wine PLC

21 September 2018

21 September 2018

Majestic Wine PLC

Broker Update

Majestic Wine PLC announces that Investec Bank plc is the Company's Sole Broker with immediate effect and remains the Company's Nominated Adviser.

For further information, please contact:

 
 Majestic Wine PLC                                Tel: [phone] 
  Rowan Gormley, Chief Executive Officer 
  James Crawford, Chief Financial Officer 
 
   Investec (NOMAD & Broker)                        Tel: [phone] 
   David Flin / David Anderson / Carlton Nelson 
 
 Instinctif Partners (PR Agency)                  Tel: [phone] or 07931 598 
  Damian Reece / George Yeomans                    593 
 

About Majestic Wine PLC:

Majestic Wine PLC is a quality wine specialist, with over 1.5m customers in the UK, USA and Australia.

Our goal is to try to beat the market by investing in customer relationships, rather than stores. We do that through:

   --     Investing in business models that compound, i.e. that get stronger with growth 

-- Investing with discipline, because we are able to test new opportunities before we roll them out

-- Using data and technology to continuously improve - every quarter we double up on our best performing investments, and cancel the worst performers.

Our divisions:

1) Majestic Retail - The UK's largest specialist wine retailer. We help people find wines they will love by employing highly engaged, well trained people equipped with state of the art tools and unique wines.

2) Majestic Commercial - A specialist on-trade supplier. We help our customers make more money from their wine list by offering national pricing and scale but local delivery and training.

3) Naked Wines - Naked's customers in the UK, USA and Australia crowdfund independent winemakers in exchange for preferential prices on exclusive wines.

4) Lay and Wheeler - A specialist fine wine merchant. We are a trusted guide for people who love fine wine, supplying the world's finest wines with a personal service.

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September 21, 2018 02:00 ET (06:00 GMT)