Business
Launch of Share Buyback Programme
Naked Wines plc has launched a share buyback programme to purchase ordinary shares up to a maximum aggregate consideration of £1 million, aiming to enhance shareholder returns. This programme, managed by Panmure Liberum, will commence immediately and continue until the maximum amount is reached or by March 31, 2026. All repurchased shares will be held in treasury, and the company expects daily buyback volumes to potentially exceed 25% of the average daily traded volume on the London Stock Exchange, meaning they will not benefit from certain MAR exemptions. This initiative is separate from the company's ongoing capital distribution policy, which aims to return up to 50% of adjusted EBITDA. Disclaimer*
About this update from Naked Wines Plc
[{"type":"text","content":"\n\n4 February 2026\nNaked Wines plc\n('Naked Wines' or the 'Company' or the 'Group')\n \nLaunch of Share Buyback Programme\n \nNaked Wines is pleased to announce the launch of a share buyback programme (\"Share Buyback Programme\") to purchase ordinary shares of 7.5 pence each in the capital of the Group (\"Ordinary Shares\") up to a maximum aggregate consideration of £1 million (the \"Maximum Amount\") in order to further enhance shareholder returns.\n \nNaked Wines has entered into a non-discretionary arrangement with Panmure Liberum Limited (\"Panmure Liberum\"), to conduct the Share Buyback Programme on its behalf starting from today. Under these arrangements, Panmure Liberum will make trading decisions in relation to the buyback of the Group's ordinary shares of 7.5 pence each independently of the Group within the programme terms and pre-set parameters.\n \nIn line with the authority given at the 2025 AGM, the maximum price per Ordinary Share (exclusive of expenses) may not exceed the higher of 105 per cent of the average middle market quotations for an Ordinary Share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the Ordinary Share is purchased; an amount equal to the higher of the price of the last independent trade of an ordinary share; and the highest current independent purchase bid for an ordinary share on the trading venue where the purchase is carried out at the relevant time, including when shares are traded on different venues.\n \nAll Ordinary Shares repurchased by the Group under the Share Buyback Programme will be held in treasury. Shares held in treasury do not carry voting rights and do not participate in dividends.\n \nShare purchases under the Share Buyback Programme will continue to take place in open market transactions and may be made from time to time depending on market conditions, share price and trading volumes. The Share Buyback Programme will be effected under the authority granted by shareholders at the Group's September 2025 Annual General Meeting (\"AGM\") to purchase a maximum of 7,400,413 Ordinary Shares, under which authority to purchase 4,281,192 Ordinary Shares remains.\n \nShareholders should be aware that given all Ordinary Shares repurchased by the Group under the Share ...