NAKED WINES PLC

Remuneration Information • Aug 18, 2022

National Storage Mechanism | Additional information

RNS Number : 5366W

Naked Wines PLC

18 August 2022

For Immediate Release

18 August 2022 

Naked Wines plc

(the "Company")

Grant of stock option awards under new long term incentive plan

Naked Wines plc announces that the following stock option awards have been granted under the Company's new Long Term Incentive Plan to certain staff:

3,257,990 Stock Options with a strike price of 157.50 pence per option

The awards have been issued under the recently approved new LTIP and transition award proposal approved at the July 25th 2022 AGM following shareholder consultation. The LTIP awards will vest as follows, subject to the continued employment of the participant: 25% after one year and 6.25% quarterly thereafter.  The malus and clawback provisions set forth in the LTIP Plan rules are applicable to all awards.

Included in the list of employees the below PDMR (Person Discharging Managerial Responsibilities) and PCA (Person Closely Associated with a PDMR) received the following awards:

Name	Title	Total Number of Stock Options conditionally awarded	Total Number of Stock Options + Ordinary Shares held subject to LTIP and SIP awards
Nicholas Devlin	Chief Executive Officer Naked Wines plc	173,684 (2)(4)	519,849 (3)
Lucy Devlin (1)	VP Planning, Procurement & Customer Experience Nakedwines.com, Inc.	56,161 (2)	97,180 (3)
James Crawford	Interim Chief Financial Officer Naked Wines plc	144,444	371,039
Alicia Kennedy	Chief Operating Officer Naked Wines plc	173,684	292,580

(1) Lucy Devlin is a PCA with Nicholas Devlin

(2) The total number of Stock Options conditionally awarded to Nicholas Devlin and Lucy Devlin amounts in aggregate to 229,845.

(3) The total number of Stock Options + Ordinary Shares held by Nicholas Devlin and Lucy Devlin subject to LTIP and SIP awards amounts in aggregate 617,029.

(4) Nicholas Devlin's Stock options are subject to additional vesting criteria -- (i) he must hold the options for at least three years and (ii) the share price must exceed 400p (for any one-month average) before he may exercise his options.

No new Ordinary Shares have been issued as a result of these grants.

There are 4,433,731 unvested stock options and conditional share awards under the Company's employee share schemes, equating to approximately 8% of the issued ordinary share capital of the Company.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

DIRECTOR/PDMR SHAREHOLDING

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1)  Nicholas Devlin (PDMR)

2)  Lucy Devlin (PCA)

3) James Crawford (PDMR)

4) Alicia Kennedy (PDMR)

2

Reason for the notification

a)

Position/status

1)    1) Chief Executive Officer, Naked Wines plc

2)   

3)    2) VP Planning, Procurement & Customer Experience, Nakedwines.com, Inc.

4)   

5)    3) Interim Chief Financial Officer, Naked Wines plc

6)   

7)    4) Chief Operating Officer, Naked Wines plc

8)   

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Naked Wines plc

b)

LEI

213800IYPFIRRQQE9R62

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

Stock Options with a strike price of 157.50 pence per option

GB00B021F836

b)

Nature of the transaction

Grant of conditional stock option awards under the Company's LTIP to (1) PDMRs and (2) PCA with PDMR

c)

Price(s) and volume(s)

Exercise Price(s)	Volume(s)
1)  157.50 p	1) 173,684
2)  157.50 p	2) 56,161
3) 157.50 p	3) 144,444
4) 157.50 p	4) 173,684

d)

Aggregated information

- Aggregated volume

- Exercise Price

547,973

£863,057.48

e)

Date of the transaction

12 August 2022

f)

Place of the transaction

London Stock Exchange (XLON); AIM Market

For further information, please contact:

Naked Wines plc Nick Devlin, Chief Executive Officer	ir@nakedwines.com
Investec (NOMAD & Joint Corporate Broker) David Flin / Carlton Nelson / Ben Farrow	Tel: 0207 597 5970
Jefferies International Limited (Joint Corporate Broker) Ed Matthews / David Genis / Harry Clements	Tel: 0207 029 8000

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