Grant of Options

RNS Number : 7535U

Virgin Wines UK PLC

07 December 2021

 

7 December 2021

Virgin Wines UK plc

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

Grant of Options - Director/PDMR Shareholding

Virgin Wines UK plc (AIM: VINO), one of the UK's largest direct-to-consumer online wine retailers announces that on 6 December 2021, 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 506,527 ordinary shares of one penny each in the Company (the "Ordinary Shares") to the following directors and persons discharging managerial responsibilities (the "Options"):

Director/ PDMR	Position	Options granted
Jay Wright	CEO	134,057
Graeme Weir	CFO	102,371
Gareth Nutt	CTO	73,122
Andrew Baker	Buying Director	53,623
Jon Shannon	Commercial Director	38,058
Amanda Cherry	Head of Group Finance	36,561
Ian Long	Director of Wine Sales	37,049
Andrew Potts	Business Development Director	31,686

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 2024. The Options have an exercise price of one penny per ordinary share, will vest from 1 November 2024 (the "Option Period") and will be exercisable at the end of the Option Period until 6 December 2031.

Following the grant of the Options, the total number of Ordinary Shares outstanding under the Group's LTIP is 1,216,739, representing 2.2 per cent. of the Company's issued share capital.

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.

Enquiries:

Virgin Wines UK plc	Via Hudson Sandler
John Risman, Non-Executive Chairman Jay Wright, CEO Graeme Weir, CFO
Liberum Capital Limited (Nominated Adviser and Sole Broker)	Tel: [phone]
Clayton Bush James Greenwood John Fishley Christopher Whitaker
Hudson Sandler (Public Relations)	[e-mail] Tel: [phone]
Alex Brennan Dan de Belder Charlotte Cobb Nick Moore

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	1.  JAY WRIGHT 2.  GRAEME WEIR 3.  GARETH NUTT 4.  ANDREW BAKER 5.  JON SHANNON 6.  AMANDA CHERRY 7.  IAN LONG 8.  ANDREW POTTS
2	Reason for the notification
a)	Position/status	1.  CEO 2.  CFO 3.  CTO 4.  BUYING DIRECTOR 5.  COMMERCIAL DIRECTOR 6.  HEAD OF GROUP FINANCE 7.  DIRECTOR OF WINE SALES 8.  BUSINESS DEVELOPMENT 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 of instrument Identification code	Ordinary Shares of 1 penny each 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)
		1.  Nil consideration 2.  Nil consideration 3.  Nil consideration 4.  Nil consideration 5.  Nil consideration 6.  Nil consideration 7.  Nil consideration 8.  Nil consideration	1.  134,057 2.  102,371 3.  73,122 4.  53,623 5.  38,058 6.  36,561 7.  37,049 8.  31,686
d)	Aggregated information  - Aggregated volume  - Price	506,527 Nil consideration
e)	Date of the transaction	1.  6 December 2021 2.  6 December 2021 3.  6 December 2021 4.  6 December 2021 5.  6 December 2021 6.  6 December 2021 7.  6 December 2021 8.  6 December 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. It is an award-winning business which has a reputation for supplying and curating high quality products, excellent levels of customer service and innovative ways of retailing.

 

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