Naked Wines PLC Declaration of special dividend (0510X)

TIDMWINE

RNS Number : 0510X

Naked Wines PLC

17 December 2019

17 December 2019

Naked Wines plc

("Naked" or the "Company")

Declaration of special dividend

The Company announced in the FY19 results on 13 June 2019, that the final dividend was suspended, to be replaced with a special dividend equal to the final FY18 payment of 5.2p per share contingent on completion of the Majestic sale.

The completion of the Majestic sale was announced on 10 December 2020. As such the Board are pleased to declare a special dividend of 5.2p per ordinary share to be paid on 15 January 2020 to shareholders on the register as of 27 December 2019. The ex-dividend date is 24 December 2019.

For further information, please contact:

Naked Wines plc

Rowan Gormley, Chief Executive Officer

Nick Devlin, Chief Operating Officer (CEO Designate)

   James Crawford, Chief Financial Officer                         [e-mail] 

Investec (NOMAD & Broker)

   David Flin / Carlton Nelson / Tejas Padalkar                    Tel: [phone] 

Instinctif Partners (PR Agency)

   Damian Reece / Guy Scarborough                                  Tel: [phone] or 07931 598 593 

About Naked Wines plc

We set up Naked Wines because we believe that the wine industry could be so much better. The two important people - the wine drinker and the winemaker - could be getting a better deal.

The model we came up with turned out to be ahead of its time...crowdfunding. Our customers support independent winemakers, and in exchange get exclusive access to delicious wines, at preferential prices.

The whole premise of Naked Wines is that you are joining a community and benefiting from the recommendations and experiences of fellow consumers. Our belief is that great wine should be an everyday pleasure, not a privilege. We give talented winemakers the freedom and time to make wines that inspire, supported by a community of passionate wine drinkers, which results in a virtuous circle where everyone is better off; customers get a full experience, not just a product, and the best wines you've ever tasted!

Naked Wines has a fast growing and loyal subscriber base of Angels across its three markets and works with over 200 independent winemakers, producing 1,000+ wines in 17 countries.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

DIVBLBDDUUBBGCL

(END) Dow Jones Newswires

December 17, 2019 02:00 ET (07:00 GMT)