Virgin Wines Adds 111,000 Shares to Treasury in Ongoing Buyback

Virgin Wines UK PLC ( (GB:VINO) ) has provided an announcement.

Virgin Wines UK plc has continued to execute its share buyback programme, purchasing 111,000 ordinary shares at a volume weighted average price of 59.50 pence per share through Cavendish Capital Markets. The acquired shares will be held in treasury, reducing the free float and potentially supporting earnings per share and capital management objectives.

Following this transaction, Virgin Wines’ issued share capital remains at 55,972,405 ordinary shares, of which 7,159,562 are now held in treasury, leaving 48,812,843 shares with voting rights. The updated figure will serve as the new denominator for investors assessing disclosure thresholds under the FCA’s transparency rules, providing clarity for shareholders on their reporting obligations.

The most recent analyst rating on (GB:VINO) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on Virgin Wines UK PLC stock, see the GB:VINO Stock Forecast page.

Spark’s Take on GB:VINO Stock

According to Spark, TipRanks’ AI Analyst, GB:VINO is a Neutral.

Virgin Wines UK PLC’s stock score is driven by mixed financial performance and technical indicators suggesting short-term bullish momentum. The valuation is moderate, but the lack of a dividend yield and challenges in revenue growth and cash flow consistency weigh on the score.

To see Spark’s full report on GB:VINO stock, click here.

More about Virgin Wines UK PLC

Virgin Wines UK plc is one of the UK’s largest direct-to-consumer online wine retailers, selling a broad range of wines directly to customers via its digital platforms. The company focuses on the UK market and leverages an e-commerce model to reach consumers seeking convenient access to curated wine selections.

Average Trading Volume: 34,008

Technical Sentiment Signal: Buy

Current Market Cap: £29.2M

For a thorough assessment of VINO stock, go to TipRanks’ Stock Analysis page.