29 August 2023
Virgin Wines UK plc
Director Dealing
("Virgin Wines" or the "Company")
Virgin Wines announces that it has been notified that John Risman, Non-Executive Chairman and Jay Wright, Chief Executive Officer, between 23rd - 25th August 2023 purchased 120,481 and 275,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") respectively. Following these purchases, John Risman is beneficially interested in 1,634,315 Ordinary Shares, representing approximately 2.93 per cent. of the Company's issued share capital and Jay Wright is beneficially interested in 4,906,260 Ordinary Shares, representing approximately 8.79 per cent. of the Company's issued share capital.
| 1. | Details of PDMR / person closely associated with them ("PCA") | |||||
| a) | Name | John Risman | ||||
| 2. | Reason for the notification | |||||
| b) | Position / status | Non-Executive Chairman | ||||
| 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 | Purchase of Shares | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
|
n/a
| ||||
| e) | Date of the transaction | 23 August 2023 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
| 1. | Details of PDMR / person closely associated with them ("PCA") | |||||
| a) | Name | Jay Wright | ||||
| 2. | Reason for the notification | |||||
| b) | Position / status | Chief Executive Officer | ||||
| 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 | Purchase of Shares | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
| Volume - 275,000 Average price - 43.31p | ||||
| e) | Date of the transaction | 115,000 - 23 August 2023 50,000 - 24 August 2023 10,000 - 25 August 2023 100,000 - 25 August 2023 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
- Ends -
Enquiries:
| Virgin Wines UK plc Jay Wright, CEO Graeme Weir, CFO
Liberum Capital Limited (Nominated Adviser and Sole Broker) Clayton Bush Edward Thomas John Fishley
Hudson Sandler (Public Relations) Alex Brennan Dan de Belder Charlotte Cobb Harry Griffiths | Via Hudson Sandler |
|
Tel: +44 20 3100 2222
Tel: +44 20 7796 4133
|
Notes to editors:
About Virgin Wines
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 and 150 spirits in its portfolio which it sells to an active customer base of 176,000 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.
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.
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