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Virgin Wines Buys Back 29,386 Shares, Updates Voting Share Capital

Story Highlights
  • Virgin Wines repurchased 29,386 shares at 60 pence each under its buyback programme.
  • After the transaction, voting share capital stands at 50,294,374 ordinary shares for disclosure purposes.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Virgin Wines Buys Back 29,386 Shares, Updates Voting Share Capital

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An announcement from Virgin Wines UK PLC ( (GB:VINO) ) is now available.

Virgin Wines UK plc has repurchased 29,386 of its own ordinary shares at a price of 60 pence per share under its ongoing share buyback programme, with the shares to be held in treasury. Following this transaction, the company’s issued share capital stands at 55,972,405 ordinary shares, of which 5,678,031 are held in treasury, leaving 50,294,374 shares with voting rights, a figure shareholders must use when assessing disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:VINO) stock is a Hold with a £56.00 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 wine directly to customers via its digital platforms and focusing on the UK consumer market.

Average Trading Volume: 59,833

Technical Sentiment Signal: Buy

Current Market Cap: £31.96M

For an in-depth examination of VINO stock, go to TipRanks’ Overview page.

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