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An update from Virgin Wines UK PLC ( (GB:VINO) ) is now available.
Virgin Wines UK PLC has announced a Notice of General Meeting and a proposed share buyback program, which requires a waiver of Rule 9 due to a Concert Party’s significant interest in the company. The program aims to utilize surplus cash for shareholder returns and satisfy options under the Long-Term Incentive Plan while maintaining a strong balance sheet, as the company holds a net cash balance of £10.3 million with no debt.
More about Virgin Wines UK PLC
Virgin Wines UK PLC is one of the UK’s largest direct-to-consumer online wine retailers, focusing on delivering a wide range of wines directly to customers.
YTD Price Performance: -7.58%
Average Trading Volume: 18,396
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £17.54M
For an in-depth examination of VINO stock, go to TipRanks’ Stock Analysis page.