VINO Virgin Wines Uk Plc

2 May 2024

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 30 April 2024, 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 877,636 ordinary shares of one penny each in the Company (the "Ordinary Shares") to the following directors and persons discharging managerial responsibilities (the "Options"):

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 2026. The Options have an exercise price of one penny per ordinary share, will vest from 30 April 2027 (the "Option Period") and will be exercisable at the end of the Option Period until 30 April 2034.

Following the grant of the Options, the total number of Ordinary Shares outstanding under the Group's LTIP is 4,613,178, representing 8.3 per cent. of the Company's issued share capital.

The Board believes it is key that the Group incentivises and retains directors and senior managers to drive the business forward, whilst aligning their interests with those of shareholders.

Enquiries:

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 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).