TIDMWINE
RNS Number : 3158J
Naked Wines PLC
16 August 2019
Naked Wines plc
For Immediate Release
16 August 2019
Naked Wines plc
("the Company")
Issue of deferred consideration shares
Director/PDMR Shareholdings
The Board of Naked Wines plc are pleased to announce that the
Naked Wines business has again met in full the Return on Investment
performance conditions relating to the deferred contingent
consideration for the third, and final, year of the acquisition
earn-out period.
In line with the amounts outlined in the 2015 acquisition
agreement, 172,657 new ordinary shares of 7.5p each in the Company
("Ordinary Shares") have now been issued to 5 members of the
management team through an Employee Benefit Trust.
4 PDMR's (Persons Discharging Managerial Responsibilities) are
included in the 5 members of the management team and have notified
the Company of the following transactions, to cover tax and
national insurance liabilities:
Name Title Number of Number of Ordinary Sale price Total number
Ordinary Shares sold per Ordinary of Ordinary
Shares awarded to cover tax Share Shares held
liabilities
Chief Financial
Officer -
Naked Wines
James Crawford plc 53,614 25,259 GBP2.65053 *113,499
(*Including
persons closely
associated)
----------------------------------- ---------------- ------------------ ------------- -----------------
Managing
Director
Majestic
Joshua Lincoln Wine Warehouses
Creese Limited 10,814 4,466 GBP2.65053 20,148
------------------ ---------------- ------------------ ------------- -----------------
Chief Operating
Officer -
Nicholas Naked Wines
Devlin plc 15,000 6,004 GBP2.65053 24,345
------------------ ---------------- ------------------ ------------- -----------------
Chief Technology
Officer -
Naked Wines
Derek Hardy plc 85,729 37,412 GBP2.65053 159,049
------------------ ---------------- ------------------ ------------- -----------------
In addition, following the satisfaction of performance criteria,
an additional third of the following PDMR's consideration shares
that were issued at the time of the acquisition in 2015 but were
restricted from being traded, have now become unrestricted:
Name Title Number of Number of Sale price Total number
Ordinary Ordinary Shares per Ordinary of Ordinary
Shares unrestricted sold to cover Share Shares held
tax liabilities
Chief Executive
Officer
Naked Wines
Rowan Gormley plc 1,080,191 500,000 GBP2.78504 3,894,581
----------------- --------------------- ---------------- ------------- ------------
The notifications below are provided in accordance with the
requirements of Article 19 of the EU Market Abuse Regulations.
For further information, please contact:
Naked Wines plc Tel: 01923 298 200
Rowan Gormley, Chief Executive Officer investor.relations@majestic.co.uk
James Crawford, Chief Financial Officer
Investec (NOMAD & Broker) Tel: 0207 597 5970
David Flin / Carlton Nelson / David
Anderson
Instinctif Partners (PR Agency) Tel: 0207 457 2020
Damian Reece
NAKED WINES plc
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name James Crawford
------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------- --------------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Naked Wines plc
------------------------- --------------------------------------------------------
b) LEI 213800IYPFIRRQQE9R62
------------------------- --------------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
-----------------------------------------------------------------------------------
a) Description Ordinary Shares of 7.5p
of the financial GB00B021F836
instrument,
type of instrument
Identification
code
------------------------- --------------------------------------------------------
b) Nature of 1) Vesting of Naked Wines acquisition incentive
the transaction award shares
2) Sale of Ordinary Shares to meet tax and
National Insurance liabilities
------------------------- --------------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 1) Nil 1) Shares awarded:
2) GBP 2.65053 53,614
2) Shares sold: 25,259
-----------------------------
------------------------- --------------------------------------------------------
d) Aggregated
information
* Aggregated volume 1) 25,259
2) GBP 2.65053
* Price
------------------------- --------------------------------------------------------
e) Date of the 15 August 2019
transaction
------------------------- --------------------------------------------------------
f) Place of London Stock Exchange (XLON); AIM Market
the transaction
------------------------- --------------------------------------------------------
NAKED WINES plc
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Joshua Lincoln Creese
------------------------- -------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status Managing Director - Majestic Wine Warehouses
Limited
------------------------- -------------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Naked Wines plc
------------------------- -------------------------------------------------------
b) LEI 213800IYPFIRRQQE9R62
------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
----------------------------------------------------------------------------------
a) Description Ordinary Shares of 7.5p
of the financial GB00B021F836
instrument,
type of instrument
Identification
code
------------------------- -------------------------------------------------------
b) Nature of 3) Vesting of Naked Wines acquisition incentive
the transaction award shares
4) Sale of Ordinary Shares to meet tax and
National Insurance liabilities
------------------------- -------------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 3) Nil 3) Shares awarded:
4) GBP 2.65053 10,814
4) Shares sold: 4,466
----------------------------
------------------------- -------------------------------------------------------
d) Aggregated
information
* Aggregated volume 1) 4,466
2) GBP 2.65053
* Price
------------------------- -------------------------------------------------------
e) Date of the 15 August 2019
transaction
------------------------- -------------------------------------------------------
f) Place of London Stock Exchange (XLON); AIM Market
the transaction
------------------------- -------------------------------------------------------
NAKED WINES plc
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Derek Hardy
------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Chief Technical Officer
------------------------- --------------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Naked Wines plc
------------------------- --------------------------------------------------------
b) LEI 213800IYPFIRRQQE9R62
------------------------- --------------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
-----------------------------------------------------------------------------------
a) Description Ordinary Shares of 7.5p
of the financial GB00B021F836
instrument,
type of instrument
Identification
code
------------------------- --------------------------------------------------------
b) Nature of 5) Vesting of Naked Wines acquisition incentive
the transaction award shares
6) Sale of Ordinary Shares to meet tax and
National Insurance liabilities
------------------------- --------------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 5) Nil 5) Shares awarded:
6) GBP 2.65053 85,729
6) Shares sold: 37,412
-----------------------------
------------------------- --------------------------------------------------------
d) Aggregated
information
* Aggregated volume 1) 37,412
2) GBP 2.65053
* Price
------------------------- --------------------------------------------------------
e) Date of the 15 August 2019
transaction
------------------------- --------------------------------------------------------
f) Place of London Stock Exchange (XLON); AIM Market
the transaction
------------------------- --------------------------------------------------------
NAKED WINES plc
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Nicholas Devlin
------------------------- -------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------- -------------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Naked Wines plc
------------------------- -------------------------------------------------------
b) LEI 213800IYPFIRRQQE9R62
------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
----------------------------------------------------------------------------------
a) Description Ordinary Shares of 7.5p
of the financial GB00B021F836
instrument,
type of instrument
Identification
code
------------------------- -------------------------------------------------------
b) Nature of 7) Vesting of Naked Wines acquisition incentive
the transaction award shares
8) Sale of Ordinary Shares to meet tax and
National Insurance liabilities
------------------------- -------------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 7) Nil 7) Shares awarded:
8) GBP 2.65053 15,000
8) Shares sold: 6,004
----------------------------
------------------------- -------------------------------------------------------
d) Aggregated
information
* Aggregated volume 1) 6,004
2) GBP 2.65053
* Price
------------------------- -------------------------------------------------------
e) Date of the 15 August 2019
transaction
------------------------- -------------------------------------------------------
f) Place of London Stock Exchange (XLON); AIM Market
the transaction
------------------------- -------------------------------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
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END
DSHUNRWRKAAWARR
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