REG - Virgin Wines UK PLC - Transaction in Own Shares

Virgin Wines UKAnnouncement

09/04/2025 07:00

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RNS Number : 2111E  Virgin Wines UK PLC  09 April 2025

9 April 2025

 

Virgin Wines UK plc

("Virgin Wines" or the "Company")

 

Transaction in Own Shares

 

Virgin Wines UK plc, 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 26 March 2025, the Company has purchased 2,000,000
ordinary shares of 1 pence each in the capital of the Company (the "Shares")
in the market at a volume weighted average price of 43.7 pence per Share
through Cavendish Capital Markets Limited ("Cavendish"). The Shares acquired
will, in due course, be held in treasury.

 

 

Aggregated Information

 

 Date of Purchase:                                      08/04/2025
 Aggregate Number of Shares Purchased:                  2,000,000
 Lowest Price Paid per Share (pence):                   43.7
 Highest Price Paid per Share (pence):                  43.7
 Volume-Weighted Average Price Paid per Share (pence):  43.7

 

 

Following the Cancellation, the Company's issued ordinary share capital
consists of 55,972,405 ordinary shares of which a total of 2,144,603 ordinary
shares are held in treasury. Therefore, the total number of ordinary shares
with voting rights in Virgin Wines is 53,827,802 ordinary shares.

 

The above figure of 53,827,802 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 Cavendish as part of the Buyback Programme.

 

 

 Individual Transactions
 Number of Shares purchased  Transaction price (pence per Share)  Time of transaction  Venue
 1,000,000                   43.7                                 12:16                XLON
 750,000                     43.7                                 12:13                XLON
 250,000                     43.7                                 12:13                XLON

 

- Ends -

 

Enquiries:

 Virgin Wines UK plc                   Via Hudson Sandler
 Jay Wright, CEO

 Amanda Cherry, CFO

 Cavendish                             Tel: +44 (0) 20 7220 0500

 (Nominated Adviser and Sole Broker)
 Matt Goode

 Carl Holmes

 Seamus Fricker

 Charlie Combe
 Hudson Sandler                         virginwines@hudsonsandler.com (mailto:virginwines@hudsonsandler.com)

 (Public Relations)                    Tel: +44 20 7796 4133
 Dan de Belder

 Harry Griffiths

 Eloise Fleet

 

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 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 2021Virgin Wines is headquartered in Norwich, with two fully bonded,
national distribution centres in Preston and Bolton. It stocks over 650
wines sourced from more than 40 trusted winemaking partners and suppliers
around the world which it sells to a large active customer base, the majority
of whom are on one of the Group's subscription schemes.

 

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 that its flagship WineBank service was awarded 'Wine Club of the
Year' at the 2024 IWC Awards, was named Online Drinks Retailer of the Year for
2022 at the 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 named Buyer of
the Year by Decanter magazine.

https://www.virginwinesplc.co.uk/ (https://www.virginwinesplc.co.uk/)

 

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