2 May 2024
Virgin Wines UK plc
("Virgin Wines", the "Company" or the "Group)
Change of Auditor
Virgin Wines UK plc (AIM: VINO), one of the UK's largest direct-to-consumer online wine retailers, announces that following a competitive and comprehensive tender process, the Group has appointed Azets Audit Services Limited ("Azets") as its auditor for the financial year ending 30 June 2024.
Azets is a Top 10 accountancy firm with a strong regional network across the UK. The Group was impressed throughout the process with the Azets team's sector experience, specific audit approach, and references. The Group intends to confirm the appointment in a vote of shareholders at the Group's 2024 Annual General Meeting later this year.
The appointment of Azets follows the resignation of PricewaterhouseCoopers LLP ("PwC") with effect from 25 April 2024. As required by Section 519 of the Companies Act 2006, PwC has confirmed to the Group that there are no circumstances connected with the resignation which it considers should be brought to the attention of the members or creditors of the Company.
The Board wishes to take this opportunity to thank PwC for its services to the Group in recent years.
Enquiries:
| Virgin Wines UK plc Jay Wright, CEO Graeme Weir, CFO
| Via Hudson Sandler |
| Liberum Capital Limited (Nominated Adviser and Sole Broker) Edward Thomas Dru Danford John Fishley
| Tel: +44 20 3100 2222 |
| Hudson Sandler (Public Relations) Alex Brennan Dan de Belder Charlotte Cobb Harry Griffiths
| virginwines@hudsonsandler.com Tel: +44 20 7796 4133 |
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 600 wines and 100 spirits in its portfolio, which it sells to an active customer base including over 150,000 members of its subscription schemes. It has approximately 200 employees and a global network of trusted winemaking partners and suppliers around the world.
The Company drives the majority of 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.
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 last 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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