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VIRGIN WINES UK PLC
Director's Dealing • Dec 7, 2021
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Director's Dealing
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National Storage Mechanism | Additional information 
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: +44 20 3100 2222 |
| Clayton Bush James Greenwood John Fishley Christopher Whitaker |
|
| Hudson Sandler (Public Relations) |
[email protected] Tel: +44 20 7796 4133 |
| 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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