Naked Wines plc has announced the launch of a share buyback programme of up to £1 million, aimed at enhancing shareholder returns.
The buyback will be managed by Panmure Liberum and will commence immediately, continuing until either the maximum aggregate consideration of £1 million is reached or 31 March 2026, whichever comes first.
All ordinary shares repurchased under the programme will be held in treasury. The company noted that daily repurchases may exceed 25% of the average daily trading volume on the London Stock Exchange, meaning the buyback will not qualify for certain Market Abuse Regulation (MAR) safe harbour exemptions.
Naked Wines emphasised that this buyback is separate from its existing capital distribution policy, under which the group intends to return up to 50% of adjusted EBITDA to shareholders over time.
About Naked Wines
Naked Wines is not just an online wine retailer; we’re trailblazers on a mission to enable enthusiastic wine drinkers to enjoy great wine without the guesswork.
Founded in 2008, on the pillars of quality, choice and fair pricing, we set out to create the most inclusive wine club in the world – dedicated to transforming the wine-buying experience and empowering people to make their own wine choices, and championing world-class independent winemakers. We’ve proudly been delivering outstanding wines to our customers (who we call Angels) for over 16 years.
Our business model is simple yet innovative: Naked Wines funds the production costs for winemakers upfront, allowing them to focus on creating exceptional wines without the financial burdens of traditional wine production, while passing the resulting savings back to our customers.
The virtuous circle is a win-win for both wine lovers and winemakers, and enables us to deliver superior benefits to our customers:
– Better quality wine
– More choice
– Personalised wine recommendations
– Elimination of guesswork and uncertainty
– Fair payments for all involved
Our Angel customers in the UK, US and Australia have direct access to over 300 world-class independent winemakers and over 2,500 quality wines from 23 countries.
For more information visit nakedwinesplc.co.uk and nakedwines.co.uk or find us @nakedwines
