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Share Name Share Symbol Market Type Share ISIN Share Description
Virgin Wines Uk Plc LSE:VINO London Ordinary Share GB00BN33TR63 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 179.00 178.00 180.00 179.00 179.00 179.00 10,216 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Beverages - - - - 100

Virgin Wines UK PLC Grant of Options

24/06/2021 7:00am

UK Regulatory (RNS & others)


Virgin Wines Uk (LSE:VINO)
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RNS Number : 9235C

Virgin Wines UK PLC

24 June 2021

24 June 2021

Virgin Wines UK plc

("Virgin Wines", the "Company" or the "Group")

Grant of Options

Virgin Wines UK plc (AIM: VINO), one of the UK's largest direct-to-consumer online wine retailers, announces that, under the terms of the Company's long term incentive plan ("LTIP"), the Board has approved the award of and granted nominal cost options over 133,569 ordinary shares of one penny each in the Company ("Ordinary Shares") to certain employees (the "Options").

The Options have been granted subject to continued employment and performance conditions based on the Company's revenue and EBITDA for the year ending 30 June 2023. The Options have an exercise price of one penny per ordinary share, will vest from 1 November 2023 (the "Option Period") and will be exerciseable at the end of the Option Period until 1 November 2033.

The Board believes it is key that the Group incentivise and retain directors and senior managers to drive the business forward, whilst aligning their interests with those of shareholders. The Options have been granted to persons discharging managerial responsibilities ("PDMRs"), as set out below:

 
 Director/ PDMR           Position               Options granted 
----------------  ------------------------  -------------------- 
 
 Andrew Baker      Buy Director                    32,581 
 Jon Shannon       Commercial Director             22,782 
 Amanda Cherry     Head of Group Finance           41,467 
 Ian Long          Director of Wine Sales          18,967 
                   Business Development 
 Andrew Potts       Director                       17,772 
 

Following the grant of the Options, the total number of Ordinary Shares outstanding under the Group's LTIP is 133,569, representing 0.2 per cent. of the Company's issued share capital.

Enquiries:

 
 Virgin Wines UK plc                    Via Hudson Sandler 
 John Risman, Non-Executive Chairman 
  Jay Wright, CEO 
  Graeme Weir, CFO 
 Liberum Capital Limited                Tel: +44 20 3100 2222 
  (Nominated Adviser and Sole Broker) 
 Clayton Bush 
  James Greenwood 
  John Fishley 
  Christopher Whitaker 
 
   Hudson Sandler                         virginwines@hudsonsandler.com 
   (Public Relations)                     Tel: +44 20 7796 4133 
 Alex Brennan 
  Dan de Belder 
  Lucy Wollam 
 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

 
 1   Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                            ANDREW BAKER 
 2   Reason for the notification 
a)   Position/status                                 Buying Director 
b)   Initial notification /Amendment                 Initial notification 
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
a)   Name                                            Virgin Wines UK plc 
b)   LEI                                             2138002RL2S1UV7CK716 
 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   Ordinary Shares of 1 penny each 
     of instrument 
     Identification code                              ISIN: GB00BN33TR63 
b)   Nature of the transaction                       Awards made pursuant to the Virgin Wines Long Term Incentive Plan 
c)   Price(s) and volume(s)                          Price(s)                                          Volume(s) 
              Nil consideration                                                                      32,581 
d)   Aggregated information 
 
      - Aggregated volume                              32,581 
 
      - Price                                          Nil consideration 
e)   Date of the transaction                         23 June 2021 
f)   Place of the transaction                        Outside a trading venue 
 
 
 1   Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                         JON SHANNON 
 2   Reason for the notification 
a)   Position/status                              PDMR 
b)   Initial notification /Amendment              Initial notification 
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
a)   Name                                         Virgin Wines UK plc 
b)   LEI                                          2138002RL2S1UV7CK716 
 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,     Ordinary Shares of 1 penny each 
     type of instrument 
     Identification code                           ISIN: GB00BN33TR63 
b)   Nature of the transaction                    Awards made pursuant to the Virgin Wines Long Term Incentive Plan 
c)   Price(s) and volume(s)                       Price(s)                                      Volume(s) 
  Nil consideration                                                                           22,782 
d)   Aggregated information 
 
      - Aggregated volume                           22,782 
 
      - Price                                       Nil consideration 
e)   Date of the transaction                      23 June 2021 
f)   Place of the transaction                     Outside a trading venue 
 
 
 1   Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                         AMANDA CHERRY 
 2   Reason for the notification 
a)   Position/status                              PDMR 
b)   Initial notification /Amendment              Initial notification 
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
a)   Name                                         Virgin Wines UK plc 
b)   LEI                                          2138002RL2S1UV7CK716 
 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,     Ordinary Shares of 1 penny each 
     type of instrument 
     Identification code                           ISIN: GB00BN33TR63 
b)   Nature of the transaction                    Awards made pursuant to the Virgin Wines Long Term Incentive Plan 
c)   Price(s) and volume(s)                       Price(s)                                      Volume(s) 
  Nil consideration                                                                           41,467 
d)   Aggregated information 
 
      - Aggregated volume                           41,467 
 
      - Price                                       Nil consideration 
e)   Date of the transaction                      23 June 2021 
f)   Place of the transaction                     Outside a trading venue 
 
 
 1   Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                            IAN LONG 
 2   Reason for the notification 
a)   Position/status                                 PDMR 
b)   Initial notification /Amendment                 Initial notification 
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
a)   Name                                            Virgin Wines UK plc 
b)   LEI                                             2138002RL2S1UV7CK716 
 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   Ordinary Shares of 1 penny each 
     of instrument 
     Identification code                              ISIN: GB00BN33TR63 
b)   Nature of the transaction                       Awards made pursuant to the Virgin Wines Long Term Incentive Plan 
c)   Price(s) and volume(s)                          Price(s)                                          Volume(s) 
              Nil consideration                                                                      18,967 
d)   Aggregated information 
 
      - Aggregated volume                              18,967 
 
      - Price                                          Nil consideration 
e)   Date of the transaction                         23 June 2021 
f)   Place of the transaction                        Outside a trading venue 
 
 
 1   Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                            ANDREW POTTS 
 2   Reason for the notification 
a)   Position/status                                 PDMR 
b)   Initial notification /Amendment                 Initial notification 
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
a)   Name                                            Virgin Wines UK plc 
b)   LEI                                             2138002RL2S1UV7CK716 
 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   Ordinary Shares of 1 penny each 
     of instrument 
     Identification code                              ISIN: GB00BN33TR63 
b)   Nature of the transaction                       Awards made pursuant to the Virgin Wines Long Term Incentive Plan 
c)   Price(s) and volume(s)                          Price(s)                                          Volume(s) 
              Nil consideration                                                                      17,772 
d)   Aggregated information 
 
      - Aggregated volume                              17,772 
 
      - Price                                          Nil consideration 
e)   Date of the transaction                         23 June 2021 
f)   Place of the transaction                        Outside a trading venue 
 
 
 
 
 
 

Notes to editors:

Virgin Wines is one of the UK's largest direct-to-consumer online wine retailers. More than 90% of its wines by volume are exclusive and during 2020 the company delivered over one million cases to its customers. The company also sells a growing range of beers and spirits as well as having an industry leading gift service and a thriving corporate sales department.

It is a multi-award-winning business with a reputation for curating and supplying high quality products, excellent levels of customer service and innovative ways of retailing.

https://www.virginwinesplc.co.uk/

https://www.virginwines.co.uk/

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END

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June 24, 2021 02:00 ET (06:00 GMT)

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