11 June 2024
Virgin Wines UK
plc
("Virgin Wines", the
"Company" or the "Group")
Transaction in Own
Shares
Virgin Wines UK plc (AIM: VINO), one
of the UK's largest direct-to-consumer online wine retailers,
announces that in accordance with the terms of its share buyback
programme announced on 30 May 2024 (the "Buyback Programme"), the
Company purchased the following number of its ordinary shares of
£0.01 each ("Ordinary Shares") through Liberum Capital
Limited.
|
Date of purchase:
|
10 June
2024
|
|
Aggregate number of Ordinary Shares
purchased:
|
8,439
|
|
Lowest price paid per
share:
|
46.50
pence
|
|
Highest price paid per
share:
|
46.50
pence
|
|
Volume weighted average price paid
per share:
|
46.50
pence
|
|
Venue
|
AIMX
|
The Company will hold the
repurchased shares in treasury. Following the purchase of these
shares the remaining number of Ordinary Shares in issue will be
55,661,670 (excluding treasury shares), and the Company will hold
310,735 ordinary shares in treasury. Therefore, the total voting
rights in Virgin Wines will be 55,661,670. This figure for the
total number of voting rights may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
In accordance with Article 5(1)(b)
of the UK version of Regulation (EU) No. 596/2014 which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018, the
table below contains detailed information of the individual trades
made by Liberum Capital Limited as part of the Buyback
Programme.
Enquiries:
|
Virgin Wines UK plc
Jay Wright, CEO
Graeme Weir, CFO
Liberum Capital Limited
(Nominated Adviser and Sole
Broker)
Edward Thomas
Dru Danford
John Fishley
Anake
Singh
Hudson Sandler
(Public
Relations)
Alex Brennan
Dan de Belder
Charlotte Cobb
Harry Griffiths
|
Via Hudson Sandler
|
|
Tel: +44 20 3100 2222
virginwines@hudsonsandler.com
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 almost 700 wines
and c. 150 spirits in its portfolio which it sells to an active
customer base of more than 170,000 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.
In addition, in 2023 the Group's Head of Buying, Sophie Lord, was
also named Buyer of the Year by Decanter magazine.
https://www.virginwinesplc.co.uk/
Individual transactions:
|
Number of
shares purchased
|
Transaction price (pence per share)
|
Time of
transaction
|
Venue
|
|
8,439
|
46.50
|
10:37:36
|
AIMX
|