Grant of Options - Director/PDMR Shareholding
Virgin Wines UK plc has granted nominal cost options over 435,213 ordinary shares to directors and persons discharging managerial responsibilities under its long-term incentive plan. The CEO received 113,793 options, the CFO 182,556, the COO 71,729, and the Commercial Director 67,135. These options are subject to continued employment and performance conditions tied to revenue and EBITDA for the year ending June 30, 2028, with vesting beginning in August 2029 and exercisable until August 2036. Following this grant, the total outstanding options under the LTIP amount to 2,547,935, representing 4.6% of the issued share capital.
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Virgin Wines UK plc (AIM: VINO), one of the UK's largest direct-to-consumer online wine retailers, announces that on 14 August 2026, under the terms of the Company's long term incentive plan ("LTIP"), the Remuneration Committee has approved the award of and granted nominal cost options over 435,213 ordinary shares of one penny each in the Company (the "Ordinary Shares") to the following directors and persons discharging managerial responsibilities (the "Options"):
| Director/ PDMR | Position | Options granted |
|---|---|---|
| Jay Wright | CEO | 113,793 |
| Amanda Cherry | CFO | 182,556 |
| Ian Long | COO | 71,729 |
| Jon Shannon | Commercial Director | 67,135 |
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 2028. The Options have an exercise price of one penny per ordinary share, will vest from 14 August 2029 (the "Option Period") and will be exercisable at the end of the Option Period until 14 August 2036.
Following the grant of the Options, the total number of options over Ordinary Shares outstanding under the Group's LTIP is 2,547,935, representing 4.6 per cent of the Company's issued share capital and 5.4 per cent of the Company's issued share capital excluding treasury shares.
The 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.
The information set out below is provided in accordance with the UK version of the EU Market Abuse Regulation No 596/2014.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | 1. Jay Wright 2. Amanda Cherry 3. Ian Long 4. Jon Shannon | |
| 2 | Reason for the notification | ||
| a) | Position/status | 1. CEO 2. CFO 3. COO 4. Commercial Director | |
| b) | Initial notification /Amendment | Initial notification | |
| a) | Name | Virgin Wines UK plc | |
| b) | LEI | 2138002RL2S1UV7CK716 | |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 1 penny each ISIN: GB00BN33TR63 | |
| b) | Nature of the transaction | Awards made pursuant to the Virgin Wines Long Term Incentive Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 1. Nil consideration 2. Nil consideration 3. Nil consideration 4. Nil consideration | 1. 113,793 2. 182,556 3. 71,729 4. 67,135 | ||
| d) | Aggregated information - Aggregated volume - Price | 1. 113,793 2. 182,556 3. 71,729 4. 67,135 Nil consideration | |
| e) | Date of the transaction | 1. 14 August 2026 2. 14 August 2026 3. 14 August 2026 4. 14 August 2026 | |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.