Virgin Wines UK PLC (GB:VINO) has released an update.
Virgin Wines UK PLC, a leading direct-to-consumer online wine retailer, has granted nominal cost options for over 877,000 ordinary shares to key directors and management personnel as part of its long-term incentive plan, subject to meeting certain performance targets by June 2026. These options are set to vest in 2027 and can be exercised until 2034, aligning the interests of the leadership team with those of the shareholders. This move represents an 8.3% stake of the company’s issued share capital under the Group’s LTIP.
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