Grant of Share Options / PDMR Notification
Naked Wines Plc announced the grant of 1,726,971 new share options on January 30, 2026, under its 2023 Long-Term Incentive Plan. Of these, 172,696 are nil-cost options and 1,554,275 are exercisable at £0.76. Following this, the company has 5,761,213 unvested shares, representing approximately 8.03% of issued share capital. The Chief Executive Officer received 90,460 nil-cost options and 814,144 market value options, while the Chief Financial Officer received 82,236 nil-cost options and 740,131 market value options. These options are subject to performance criteria including continued employment, growth in Adjusted EBITDA, Free Cashflow per share, Return on Equity, and Cash, with market value options also requiring a share price hurdle, and are set to vest on March 31, 2028.
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The Board of Naked Wines announces that on 30 January 2026 the Board granted a total of 1,726,971 new share options (the "Options") over ordinary shares of 7.5 pence each ("Ordinary Shares") in the Company under the 2023 Naked Wines Long-Term Incentive Plan (the "Plan"). 172,696 of the Options are nil-cost options ("Nil-Cost Options") and the balance of 1,554,275 are exercisable at £0.76 each ("Market Value Options").
Following this grant of Options, Naked Wines has 5,761,213 unvested shares in issue, of which 1,741,313 are options and 4,019,900 are restricted stock units, representing approximately 8,03 per cent of the Company's issued share capital.
90,460 Nil-Cost Options and 814,144 Market Value Options were granted to Rodrigo Maza, Chief Executive Officer and 82,236 Nil-Cost Options and 740,131 Market Value Options were granted to Dominic Neary, Chief Financial Officer.
The grant date of the Options is 1 April 2025. All the Options shall vest on 31 March 2028 if certain performance criteria related to continued employment with the Company, growth in Adjusted EBITDA, Free Cashflow per share, and Return on Equity and Cash are met. In addition, the Market Value Options are subject to a share price hurdle. Vesting outcomes will be determined by the Board following the end of the performance period, based on audited results and in accordance with the Plan rules. Following vesting, the Options will have an exercise period of anytime up until 31 March 2035 before expiry.
Notifications have been made in accordance with the requirements of the UK Market Abuse Regulation and are set out below.
| a) | Name | Rodrigo Maza | |
| 2. | Reason for the Notification | ||
| a) | Position / status | Chief Executive Officer | |
| b) | Initial notification /amendment | Initial notification | |
| a) | Name | Naked Wines plc | |
| b) | LEI | 213800IYPFIRRQQE9R62 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 7.5p | |
| Identification code | GB00B021F836 | ||
| b) | Nature of the transaction | Grant of options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Exercise price of £0.00 | 90,460 | ||
| Exercise price of £0.76 | 814,144 | ||
| d) | Aggregated information: Aggregated volume Price | n/a | |
| e) | Date of the transaction | 30 January 2026 | |
| f) | Place of the transaction | Outside of a trading venue | |
| 1. | Details of PDMR / person closely associated with them ('PCA') | ||
| a) | Name | Dominic Neary | |
| 2. | Reason for the Notification | ||
| a) | Position / status | Chief Financial Officer | |
| b) | Initial notification /amendment | Initial notification | |
| a) | Name | Naked Wines plc | |
| b) | LEI | 213800IYPFIRRQQE9R62 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 7.5p | |
| Identification code | GB00B021F836 | ||
| b) | Nature of the transaction | Grant of options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Exercise price of £0.00 | 82,236 | ||
| Exercise price of £0.76 | 740,131 | ||
| d) | Aggregated information: Aggregated volume Price | n/a | |
| e) | Date of the transaction | 30 January 2026 | |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.