(Sharecast News) - Naked Wines announced on Friday that Rowan Gormley, its former chief executive officer and a "material shareholder", had been appointed as an advisor to the board as it finalised its revised operational and financial plans.
The AIM-traded firm said it would announce its revised plans during the week of 17 October.
As of Friday morning, Naked Wines said Gormley - directly and via related parties - owned 2,134,104 of its shares, representing 2.9% of its issued capital, and would be subject to its share dealing policy.
The position of board advisor would be unpaid, and was expected to last for two to three months.
Gormley would represent the views of shareholders, and advise the board accordingly.
"We wanted shareholder involvement in our ongoing operational and financial planning process," said chairman Darryl Rawlings.
"I welcome Rowan providing his insight to us because his operational familiarity with the business and his viewpoint as a shareholder will provide a unique and valuable perspective to the board as we position Naked for long-term sustainable growth."
At 1415 BST, shares in Naked Wines were up 8.2% at 98.52p.
Reporting by Josh White at Sharecast.com.
Naked Wine (WINE)