25 November 2022
Virgin Wines UK plc
("Virgin Wines" or the "Company")
PDMR Notification
The Company announces that on 23 November 2022, a PDMR of the Group exercised nil-cost options under the option agreement dated 24 February 2021 to subscribe for a total of 299,435 ordinary shares of 1p each in the Company ("Ordinary Shares"). Accordingly, the trustee of the Employee Benefit Trust has effected the transfer of 299,435 Ordinary Shares to the PDMR as follows:
| 1. | Details of PDMR / person closely associated with them ("PCA") | |||||
| a) | Name | Andrew Potts | ||||
| 2. | Reason for the notification | |||||
| b) | Position / status | Director of Business Development | ||||
| c) | 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 | 213800WAVVOPS85N2205 | ||||
| 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 Identification Code | Ordinary Shares of 1p each
GB00BN33TR63 | ||||
| b) | Nature of the transaction | Exercise of options | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
|
n/a
| ||||
| e) | Date of the transaction | 23 November 2022 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
Enquiries:
| Virgin Wines UK plc | Via Hudson Sandler |
| Jay Wright, CEO Graeme Weir, CFO
| |
| Liberum Capital Limited (Nominated Adviser and Sole Broker) | Tel: +44 20 3100 2222 |
| Clayton Bush Edward Thomas John Fishley Lucas Bamber | |
|
Hudson Sandler (Public Relations) |
Tel: +44 20 7796 4133 |
| Alex Brennan Dan de Belder Charlotte Cobb | |
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.
The Company, which is headquartered in Norwich, UK, was established in 2000 by the Virgin Group and was subsequently acquired by Direct Wines in 2005 before being bought out by the Virgin Wines management team, led by CEO Jay Wright and CFO Graeme Weir, in 2013. It listed on the London Stock Exchange's Alternative Investment Market (AIM) in 2021.
Virgin Wines has more than 700 wines, 200 spirits and 100 beers in its portfolio which it sells to an active customer base of 186,000 members. It has approximately 200 employees and more than 40 trusted winemaking partners and suppliers around the world.
The Company drives the majority of its revenue though its fast-growing WineBank subscription scheme, using a variety of marketing channels, as well as through its Wine Advisor team, Wine Plan channel and Pay As You Go service. It partners with more than 350 trusted brands through its strategic and commercial partnerships.
Along with its extensive range of award-winning products, Virgin Wines was delighted to be named Online Drinks Retailer of the Year for 2022 at this year's Drinks Retailing Awards, as well as receiving the bronze award for Contact Centre of the Year at the 2022 UK National Contact Centre Awards.
https://www.virginwinesplc.co.uk/
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