London Stock Exchange welcomes Virgin Wines to AIM

The Norwich-based company’s Ordinary Shares were admitted to trading at 8.00am on Tuesday 2nd March 2021, under the stock market ticker VINO. The Admission price was 197p, resulting in a market capitalisation of £110 million. 

Virgin Wines is one of the UK’s largest direct-to-consumer wine retailers which has a reputation for supplying and curating high quality products, excellent levels of customer service and innovative ways of retailing. Working with a network of trusted winemakers, Virgin Wines aims to source, create and curate collections of award-winning and exclusive wines. The wine is sold alongside a growing range of beers and spirits, to its customers through its online subscription and pay as you go models.

The Company’s strategic focus is in the following areas: 
•    Investment in customer acquisition channels and digital marketing capabilities to drive revenue growth
•    Take advantage of the trends in online/home delivery, subscription schemes and drive towards premiumisation
•    Expansion of the Group’s beers and spirits offering
•    Further developing the corporate offering and gift channel
•    Progression of its warehouse efficiency programme

Jay Wright, CEO, commented: “We are delighted to be admitted to AIM today, signifying an exciting new chapter in the Group’s long-term development. We have enjoyed strong, consistent growth recently resulting in the Group delivering more than one million cases of wine to consumers during 2020. Underpinned by the strength of our customer proposition as well as the benefit of many positive consumer trends, we have a clear strategy to continue this growth over the coming years.”

Quick facts

Track
Market: AIM
Instrument market cap (£m)
115.86
Listing/Admission to trading
02 Mar 2021
Looking for new and recent issues?

More recent

97.567
London Stock Exchange welcomes Genflow Biosciences Plc to the Main Market

London Stock Exchange today welcomes Genflow Biosciences Plc, a UK-based biotechnology company focused on longevity and the development of therapies to counteract the effects of aging and diseases associated with advanced age, to the Standard Listing Segment of the Main Market, under the ticker symbol "GENF".

Genflow Biosciences opened th

Learn more
74.96
London Stock Exchange welcomes East Star Resources Plc and their readmission to the Main Market

London Stock Exchange welcomes the readmission of East Star Resources, a company focused on the discovery and development of gold, copper, and base metals in Kazakhstan, to the Main Market under the ticker “EST”. The company raised gross proceeds of £3.1 million via a placing and subscription of 62,000,000 shares at £0.05 per share, delivering a ma

Learn more
168
London Stock Exchange celebrates FTSE Russell’s index partnership with Abu Dhabi Securities Exchange

Today, London Stock Exchange markets were opened by Abu Dhabi Securities Exchange and FTSE Russell to mark their partnership and the launch of the FTSE ADX Index Series.

FTSE ADX General Index FTSE ADX Sector Indexes FTSE Russell provides daily index calculations on the ADX General Index FTSE ADX General Index replaces the ADX General Index FTSE Russ

Learn more
81.92
London Stock Exchange welcomes Facilities by ADF plc to AIM

London Stock Exchange welcomes Facilities by ADF, the leading provider of premium serviced production facilities to the UK film and high-end television (“HETV”) industry, to the Alternative Investment Market (“AIM”) under the ticker “ADF” after it raised gross proceeds of £18.4 million.

ADF’s business was established in 1992 in Bridgend,

Learn more