5 March 2025
Virgin Wines UK
plc
("Virgin Wines", the
"Company" or the "Group")
Directorate Change and Notice
of Results
Virgin Wines UK plc (AIM: VINO), one
of the UK's largest direct-to-consumer online wine retailers,
announces that following 22 years with the Group, Graeme Weir is
retiring from his role as Chief Financial Officer and Company
Secretary.
During his time at Virgin Wines,
Graeme has played a huge role in the growth of the business,
alongside CEO Jay Wright, including leading a private equity-backed
buyout in 2013 and the IPO in 2021. Graeme formally leaves the
Board with effect from 4 April 2025.
Graeme will be succeeded as CFO and
Company Secretary by Amanda Cherry, current Head of Group Finance,
with effect from the same date. Amanda has been at Virgin Wines for
16 years and in her role has been working
closely with Graeme and the Board for many
years. Amanda is a qualified chartered accountant, having spent
time at United Utilities and Interfloor Group.
Jay
Wright, Chief Executive Officer at Virgin Wines,
commented:
"We would like to thank Graeme for his enormous contribution
to the Group and wish him well in his retirement. He has played a
vital role in the Group's significant progress and growth over the
last 22 years. It has been a privilege to work with him over that
period and he will be missed by the whole Virgin Wines team.
However, I look forward to progressing the next stage of our growth
with Amanda, who is well embedded in the business, and welcome her
to the Board."
Graeme Weir, Chief Financial Officer,
added:
"After 22 years as CFO of Virgin Wines, I feel now is the
right time to step down and enjoy retirement. I am delighted to
hand over the reins to Amanda, who knows the business well and will
provide continuity but also a fresh impetus into Virgin Wines'
future growth plans. I remain fully committed to supporting the
business and completing a smooth transition. It has been a pleasure
to work with Jay and the wider team, and I am confident that Virgin
Wines will continue to go from strength to
strength."
Notice of results
Further, the Company will announce
its Interim Results for the six months ended 27 December 2024 on
Wednesday 26 March 2025.
- Ends
-
Enquiries:
|
Virgin Wines UK plc
Jay Wright, CEO
Graeme Weir, CFO
|
Via Hudson Sandler
|
|
Cavendish (Nominated Adviser
and Sole Broker)
Matt Goode
Carl Holmes
Seamus Fricker
Elysia Bough
|
Tel: +44 (0)
20 7908 6000
|
|
Hudson Sandler
(Public
Relations)
Alex Brennan
Dan de Belder
Harry Griffiths
Eloise Fleet
|
virginwines@hudsonsandler.com
Tel: +44 20 7796 4133
|
Regulatory disclosures
The following information is
disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the
AIM Rules for Companies in relation to Amanda Cherry, aged
48.
Amanda Cherry holds or has held the
following directorships/partnerships in the past five
years:
|
Current directorships/partnerships
|
Past directorships/partnerships
|
|
None.
|
None.
|
As at the date of this announcement,
Amanda Cherry, together with her persons closely associated (as
defined under MAR) currently own 31,100 shares in the Company and
she holds options over 230,012 shares in the Company.
There is no further information to
be disclosed in relation to the director appointment of Amanda
Cherry pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM
Rules.
Notes to editors:
About Virgin Wines
Virgin Wines is one of the UK's
largest direct-to-consumer online wine retailers. It is an
award-winning business which has a reputation for supplying and
curating high quality products, excellent levels of customer
service and innovative ways of retailing.
The Company was established in 2000
by the Virgin Group and was subsequently acquired by Direct Wines
in 2005 before being bought out by the Virgin Wines management
team, led by CEO Jay Wright and CFO Graeme Weir, in 2013. It listed
on the London Stock Exchange's Alternative Investment Market (AIM)
in 2021.
Virgin Wines is headquartered in Norwich, with two fully bonded, national
distribution centres in Preston and Bolton. It stocks over 650
wines sourced from more than 40 trusted winemaking partners and
suppliers around the world which it sells to a large active
customer base, the majority of whom are on one of the Group's
subscription schemes.
The Company drives the majority of
its revenue though its fast-growing WineBank service, that has over
137k members, using a variety of marketing channels, as well as
through its 30 strong Wine Advisor team, its Wine Plan channel and
its Pay As You Go service.
Along with its extensive range of
award-winning products, Virgin Wines was delighted that its
flagship WineBank service was awarded 'Wine Club of the Year' at
the 2024 IWC Awards, was named Online Drinks Retailer of the Year
for 2022 at the Drinks Retailing Awards, as well as receiving the
bronze award for Contact Centre of the Year at the 2022 UK National
Contact Centre Awards. In addition, in 2023 the Group's Head of
Buying, Sophie Lord, was named Buyer of the Year by Decanter
magazine.
https://www.virginwinesplc.co.uk