REG - Virgin Wines UK PLC - Transaction in Own Shares

Virgin Wines UKAnnouncement

06/06/2024 07:00

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RNS Number : 3208R  Virgin Wines UK PLC  06 June 2024

 

 

6 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:                               5 June 2024
 Aggregate number of Ordinary Shares purchased:  4,407
 Lowest price paid per share:                    46.35 pence
 Highest price paid per share:                   46.35 pence
 Volume weighted average price paid per share:   46.35 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 55,679,278 (excluding treasury shares), and the Company will hold 293,127
ordinary shares in treasury. Therefore, the total voting rights in Virgin
Wines will be 55,679,278. 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                     Via Hudson Sandler

 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

                                         Tel: +44 20 3100 2222

                                         virginwines@hudsonsandler.com (mailto: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/ (https://www.virginwinesplc.co.uk/)

 

Individual transactions:

 

 Number of shares purchased  Transaction price (pence per share)  Time of transaction  Venue
 4,407                       46.35                                16:39:16             AIMX

 

 

 

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