Business
Grant of Options
Grant of Options.
About this update from Virgin Wines Uk Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7535U\n Virgin Wines UK PLC\n 07 December 2021\n \n \n \n \n 7 December 2021\n \n \n \n Virgin Wines UK plc\n \n \n \n \n \n (\"Virgin Wines\", the \"Company\" or the \"Group\") \n \n \n Grant of Options - Director/PDMR Shareholding\n \n \n Virgin Wines UK plc (AIM: VINO), one of the UK's largest direct-to-consumer online wine retailers announces that on 6 December 2021, 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 506,527 ordinary shares of one penny each in the Company (the \"Ordinary Shares\") to the following directors and persons discharging managerial responsibilities (the \"Options\"):\n \n \n \n \n \n \n Director/ PDMR\n \n \n \n \n Position\n \n \n \n \n Options granted\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jay Wright\n \n \n \n \n CEO\n \n \n \n \n 134,057\n \n \n \n \n \n \n Graeme Weir\n \n \n \n \n CFO\n \n \n \n \n 102,371\n \n \n \n \n \n \n Gareth Nutt\n \n \n \n \n CTO\n \n \n \n \n 73,122\n \n \n \n \n \n \n Andrew Baker\n \n \n \n \n Buying Director\n \n \n \n \n 53,623\n \n \n \n \n \n \n Jon Shannon\n \n \n \n \n Commercial Director\n \n \n \n \n 38,058\n \n \n \n \n \n \n Amanda Cherry\n \n \n \n \n Head of Group Finance\n \n \n \n \n 36,561\n \n \n \n \n \n \n Ian Long\n \n \n \n \n Director of Wine Sales\n \n \n \n \n 37,049\n \n \n \n \n \n \n Andrew Potts\n \n \n \n \n Business Development Director\n \n \n \n \n 31,686\n \n \n \n \n \n \n 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 2024. The Options have an exercise price of one penny per ordinary share, will vest from 1 November 2024 (the \"Option Period\") and will be exercisable at the end of the Option Period until 6 December 2031.\n \n \n Following the grant of the Options, the total number of Ordinary Shares outstanding under the Group's LTIP is 1,216,739, representing 2.2 per cent. of the Company's issued share capital.\n \n \n The Board believes it is key that the Group incentivise and retain directors and senior managers to drive the business forward, whilst aligning their interests with those of shareholders.\n \n \n Enquiries:\n \n \n \n \n \n \n Virgin Wine...