Last checked at 10 Jul 2018 15:27
For Immediate Release 10 July 2018
Majestic Wine PLC
("Majestic" or the "Company")
Grant of share awards and options
As part of the Company's Employee Share Schemes, the following awards were granted on 9 July 2018:
Conditional share awards and nil-cost options over a total of 351,232 Ordinary Shares of 7.5 pence each ("shares") were granted to 236 new employees and those who have changed roles in the period, pursuant to the Company's Long Term Incentive Plan. ("LTIP").
Included in the 236 employees the below five PDMRs (Persons Discharging Managerial Responsibilities) received conditional awards:
Name | Title | Number of Ordinary Shares conditionally awarded | Total number of Ordinary Shares subject to LTIP award |
Joshua Lincoln | Managing Director Majestic Retail | 25,604 | 49,714* |
Eamon Fitzgerald | Managing Director Naked Wines UK | 21,976 | 71,183 |
Greg Banbury | Managing Director Naked Wines Australia | 25,171 | 61,681 |
Nick Devlin | Managing Director Naked Wines USA | 37,756 | 86,109* |
Katy Andersen | Managing Director Lay & Wheeler | 10,697 | 43,182 |
*Joshua Lincoln and Nick Devlin's awards comprise both Direct and Indirect Interests
In addition, the Company announces that 92,307 shares and 12,785 conditional awards over shares were granted to 767 employees pursuant to the Company's Share Incentive Plan ("SIP").
Following these grants the Company has a total of 72,119,314 ordinary shares of 7.5p each in issue. There are 2,326,684 unvested conditional share awards and unexercised options issued under employee share schemes (1), equating to approximately 3.23% of the issued ordinary share capital of the Company.
Majestic Wine PLC does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in Majestic Wine PLC is 72,119,314
The above figure 72,119,314 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Majestic Wine PLC under the FCA's Disclosure and Transparency Rules.
Note:
(1) The conditional share awards issued as part of the Naked Wines acquisition are excluded from shares reported as part of employee share schemes.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Joshua Lincoln | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| Managing Director, Majestic Retail | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Majestic Wine 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 of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 7.5p
GB00B021F836 | ||||
b) | Nature of the transaction
| Grant of conditional share award in the Company's LTIP | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e) | Date of the transaction
|
9 July 2018 | ||||
f) | Place of the transaction
|
London Stock Exchange (XLON); AIM Market | ||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Eamon Fitzgerald | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| Managing Director, Naked Wines UK | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Majestic Wine 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 of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 7.5p
GB00B021F836 | ||||
b) | Nature of the transaction
| Grant of conditional share award in the Company's LTIP | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e) | Date of the transaction
|
9 July 2018 | ||||
f) | Place of the transaction
|
London Stock Exchange (XLON); AIM Market | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Greg Banbury | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| Managing Director, Naked Wines Australia | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Majestic Wine 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 of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 7.5p
GB00B021F836 | ||||
b) | Nature of the transaction
| Grant of conditional share award in the Company's LTIP | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e) | Date of the transaction
|
9 July 2018 | ||||
f) | Place of the transaction
|
London Stock Exchange (XLON); AIM Market | ||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Nick Devlin | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| Managing Director, Lay & Wheeler | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Majestic Wine 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 of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 7.5p
GB00B021F836 | ||||
b) | Nature of the transaction
| Grant of conditional share award in the Company's LTIP | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e) | Date of the transaction
|
9 July 2018 | ||||
f) | Place of the transaction
|
London Stock Exchange (XLON); AIM Market | ||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Kathryn Andersen | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| Managing Director, Lay & Wheeler | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Majestic Wine 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 of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 7.5p
GB00B021F836 | ||||
b) | Nature of the transaction
| Grant of conditional share award in the Company's LTIP | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e) | Date of the transaction
|
9 July 2018 | ||||
f) | Place of the transaction
|
London Stock Exchange (XLON); AIM Market | ||||
For further information, please contact:
Majestic Wine PLC Rowan Gormley, Chief Executive Officer James Crawford, Chief Financial Officer Gabriella Clinkard, Public & Investor Relations
| Tel: 01923 298 200
Tel: 07891 206239 gabby.clinkard@majestic.co.uk |
Investec (NOMAD & Joint Broker) Garry Levin / David Flin / David Anderson/Carlton Nelson |
Tel: 0207 597 5970 |
Liberum (Joint Broker) Peter Tracey / Richard Bootle |
Tel: 020 3100 2222 |
Instinctif Partners (PR Agency) Damian Reece / George Yeomans
|
Tel: 0207 457 2020 |
About Majestic Wine PLC:
Majestic Wine PLC is a quality wine specialist, with over 1m customers in the UK, USA and Australia.
Our goal is to try to beat the market by investing in customer relationships, rather than stores. We do that through:
● Investing in business models that compound, i.e. that get stronger with growth
● Investing with discipline, because we are able to test new opportunities before we roll them out
● Using data and technology to continuously improve - every quarter we double up on our best performing investments, and cancel the worst performers.
Our divisions:
1) Majestic Retail - The UK's largest specialist wine retailer. We help people find wines they will love by employing highly engaged, well trained people equipped with state of the art tools and unique wines.
2) Naked Wines - Naked's customers in the UK, USA and Australia crowdfund independent winemakers in exchange for preferential prices on exclusive wines.
3) Majestic Commercial - A specialist on-trade supplier. We help our customers make more money from their wine list by offering national pricing and scale but local delivery and training.
4) Lay and Wheeler - A specialist fine wine merchant. We are a trusted guide for people who love fine wine, supplying the world's finest wines with a personal service.