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Virgin Wines UK PLC ( (GB:VINO) ) has shared an announcement.
Virgin Wines UK PLC has announced its upcoming Annual General Meeting and General Meeting, where it will seek shareholder approval for a continuation of its Share Buyback Programme and a Rule 9 Waiver. The company plans to repurchase up to 7.15% of its issued share capital, using the buyback as a mechanism to return surplus cash to investors and satisfy options under its LTIP. The Independent Directors recommend voting in favor of the Waiver Resolution, which has been deemed fair and reasonable by the company’s Nominated Adviser, Cavendish.
The most recent analyst rating on (GB:VINO) stock is a Buy with a £69.00 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 Outperform.
Virgin Wines UK PLC’s strong financial management and strategic corporate actions, such as share buybacks and management incentives, are key strengths. The positive technical indicators further support its current position. However, moderate valuation and the absence of a dividend limit its appeal to some investors.
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, focusing on providing a wide range of wines directly to consumers through its online platform.
Average Trading Volume: 57,737
Technical Sentiment Signal: Sell
Current Market Cap: £25.06M
Learn more about VINO stock on TipRanks’ Stock Analysis page.