Business
Grant of Options - Director/PDMR Shareholding
Grant of Options - Director/PDMR Shareholding.
About this update from Virgin Wines Uk Plc
[{"type":"text","content":"\n\n7 May 2025\nVirgin Wines UK plc\n \n(\"Virgin Wines\", the \"Company\" or the \"Group\")\nGrant of Options - Director/PDMR Shareholding\nVirgin Wines UK plc (AIM: VINO), one of the UK's largest direct-to-consumer online wine retailers announces that on 2 May 2025, 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 221,657 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\nDirector/ PDMR\n\n\nPosition\n\n\nNumber of Options previously held\n\n\nOptions granted\n\n\nNumber of options held\n\n\n\n\nJay Wright\n\n\nCEO\n\n\n823,487\n\n\n35,106\n\n\n858,593\n\n\n\n\nAmanda Cherry\n\n\nCFO\n\n\n230,012\n\n\n75,094\n\n\n305,106\n\n\n\n\nIan Long\n\n\nCOO\n\n\n265,604\n\n\n57,572\n\n\n323,176\n\n\n\n\nJon Shannon\n\n\nCommercial Director\n\n\n276,099\n\n\n53,885\n\n\n329,984\n\n\n\n\nThe 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 2027. The Options have an exercise price of one penny per ordinary share, will vest from 2 May 2028 (the \"Option Period\") and will be exercisable at the end of the Option Period until 2 May 2035.\nAs set out in the Company's announcement made on 5 March 2025, Amanda Cherry has taken up post as Chief Financial Officer. In connection with her appointment, and pursuant to the LTIP, Amanda has additionally been granted a special Restricted Share Award (\"RSA\") entitling her to acquire 300,000 Ordinary Shares in the Company.\nFollowing the grant of the Options and the RSA, over, in aggregate 521,657 ordinary shares, the total number of options over Ordinary Shares outstanding under the Group's LTIP is 5,587,717, representing 9.98 per cent. of the Company's issued share capital.\nThe Board believes it is key that the Group incentivises and retains directors and senior managers to drive the business forward, whilst aligning their interests with those of shareholders.\nEnquiries:\n\n\n\n\nVirgin Wines UK plc\n\n\nVia Hudson Sandler\n\n\n\n\nJohn Risman, Non-Executive Chairman\nJay Wright, CEO\nAmanda Cherry, CFO\n \n\n\n\n\n\n\n\nCavendish\n(Nominated Adviser and Sole Brok...