TIDMNWF
RNS Number : 3265H
NWF Group PLC
03 August 2021
NWF Group plc
For Release 3rd August 2021
NWF Group plc ('NWF', 'the Group' or 'the Company')
Award of Options under Company Performance Share Plan
NWF Group plc, the specialist distributor of fuel, food and feed
across the UK, announces the following awards have been approved
under the terms of the established NWF Company Performance Share
Plan (the "Plan").
Richard Whiting, Chief Executive of NWF, will receive an award
of a conditional right over a maximum of 142,512 ordinary shares of
25 pence each of the Company ("Shares") at a price of 217 pence per
Share, being the mid-market price at the close of business on 2
August 2021. This award is subject to the following performance
targets:
1. if the reported headline basic earnings per share for the
three financial years ending 31 May 2024
increases by RPI plus 2% per annum then 42,754 Shares will be issued under the Plan; and
2. the maximum of 142,512 Shares will be issued if the reported
headline basic earnings per share increases by RPI plus 8% per
annum for the three financial years ending 31 May 2024
Following the award, Richard Whiting will be interested in
616,340 conditional awards over Shares.
Chris Belsham, Group Finance Director of NWF, will receive an
award of a conditional right over a maximum of 85,714 ordinary
shares of 25 pence each of the Company ("Shares") at a price of 217
pence per Share, being the mid-market price at the close of
business on 2 August 2021. This award is subject to the following
performance targets:
1. if the reported headline basic earnings per share for the
three financial years ending 31 May 2024
increases by RPI plus 2% per annum then 25,714 Shares will be issued under the Plan; and
2. the maximum of 85,714 Shares will be issued if the reported
headline basic earnings per share increases by RPI plus 8% per
annum for the three financial years ending 31 May 2024.
Following the award, Chris Belsham will be interested in 370,434
conditional awards over Shares.
Rob Andrew, Group Company Secretary of NWF, will receive an
award of a conditional right over a maximum of 64,286 Shares at a
price of 217 pence per Share, being the mid-market price at the
close of business on 2 August 2021. This award is subject to the
following performance targets:
1. if the reported headline basic earnings per share for the
three financial years ending 31 May 2024 increases by RPI plus 2%
per annum then 19,286 Shares will be issued under the Plan; and
2. the maximum of 64,286 Shares will be issued if the reported
headline basic earnings per share increases by RPI plus 8% per
annum for the three financial years ending 31 May 2024.
Following the award, Rob Andrew will be interested in 277,919
conditional awards over Shares.
Andrew Downie, Managing Director of NWF Agriculture , will
receive an award of a conditional right over a maximum of 61,175
ordinary shares of 25 pence each of the Company ("Shares") at a
price of 217 pence per Share, being the mid-market price at the
close of business on 2 August 2021. This award is subject to the
following performance targets:
1. if the reported headline basic earnings per share for the
three financial years ending 31 May 2024
increases by RPI plus 2% per annum then 18,353 Shares will be issued under the Plan; and
2. the maximum of 61,175 Shares will be issued if the reported
headline basic earnings per share increases by RPI plus 8% per
annum for the three financial years ending 31 May 2024.
Following the award, Andrew Downie will be interested in 268,831
conditional awards over Shares.
Richard Huxley, Managing Director of NWF Fuels , will receive an
award of a conditional right over a maximum of 66,359 ordinary
shares of 25 pence each of the Company ("Shares") at a price of 217
pence per Share, being the mid-market price at the close of
business on 2 August 2021. This award is subject to the following
performance targets:
1. if the reported headline basic earnings per share for the
three financial years ending 31 May 2024
increases by RPI plus 2% per annum then 19,908 Shares will be issued under the Plan; and
2. the maximum of 66,359 Shares will be issued if the reported
headline basic earnings per share increases by RPI plus 8% per
annum for the three financial years ending 31 May 2024.
Following the award, Richard Huxley will be interested in
286,943 conditional awards over Shares.
The Plan was established for the purpose of incentivising and
retaining the Company's eligible executive management. Shares
awarded under the Plan are subject to a performance criteria that
requires NWF to meet a minimum reported basic earnings per share
target over a three year period. The Remuneration Committee has
responsibility for determining the award of Shares and the
performance targets under the Plan.
Rob Andrew Reg Hoare/James Bavister Mike Bell/Ed Allsopp
Group Company Secretary MHP Communications Peel Hunt LLP
NWF Group plc Tel: 020 3128 8100 (Nominated Adviser)
Tel: 01829 260 260 Tel: 020 7418 8900
The information below (set out in accordance with the
requirements of EU Market Abuse Regulation) provides further
detail
1. De t a il s of t he p e r son di s cha rgi ng mana g e r i
al r esp o ns i b iliti es / pe r son c lo se ly as s oc i
a t ed
a. Na m e Richard Whiting
---------------------------------------------------------
2. Reaso n f or t he no tifi ca tion
a. Po siti on /st Chief Executive
a t us
---------------------------------------------------------
b. I n i t ia l no I n i t ia l
tific a ti on
/ A m end m en
t
------------------------------------------ ---------------------------------------------------------
3. De t a il s of t he i ss u e r, emi ss i on a ll o w ance
m a r ket p a rti c i pan t, auc ti on p l a tf o rm, auc tion
eer or a u c tion mo n it or
a. Na m e N W F G r oup p lc
---------------------------------------------------------
b. LE I 21 3 8 0 0AR R ZN N 1 W VZ9M70
------------------------------------------ ---------------------------------------------------------
4. De t a il s of t he tr an s ac ti on ( s ): sec ti on to be
r ep e a t ed f or (i) each t y pe of i ns trume n t; (ii)
each t y pe of tr an s ac ti on; (ii i) each da t e; and (iv)
each p lace w h e re tr an sa c tio ns h a ve b een c on d
uc t ed
a. De scri p ti o
n of t he F i
nan c ial i n O r d i na r y s ha r es of 25p in the C o m
s t r u m en t, pa ny
t y pe of i n
str u m ent
I den t ific a
ti o n c ode GB00 065 23 608
---------------------------------------------------------
b. Na t u r e of
t he tr an s a
ction Award of options under the Company's Share Option
Plan
------------------------------------------ ---------------------------------------------------------
c. P ric e ( s ) P ric e ( s Vo l u m e
and v ol u m e ) ( s )
(s)
------------------------------------------
0 p 142,512
------------------------------------------------ ---------------------------- ------------------------
d. Agg re ga t ed
i n f o r m a
t i on
* Agg re ga t ed v o lu m e
-- P ric e
------------------------------------------- --------------------------------------------------------
e. Da t e of t he 3 August 2021
tr an s a ction
------------------------------------------ ---------------------------------------------------------
f. P l a c e of t
he tr an s a ction Outside a trading venue
------------------------------------------ ---------------------------------------------------------
1. De t a il s of t he p e r son di s cha rgi ng mana g e r i
al r esp o ns i b iliti es / pe r son c lo se ly as s oc i
a t ed
a. Na m e Christopher Belsham
---------------------------------------------------------
2. Reaso n f or t he no tifi ca tion
a. Po siti on /st Group Finance Director
a t us
---------------------------------------------------------
b. I n i t ia l no I n i t ia l
tific a ti on
/ A m end m en
t
------------------------------------------ ---------------------------------------------------------
3. De t a il s of t he i ss u e r, emi ss i on a ll o w ance
m a r ket p a rti c i pan t, auc ti on p l a tf o rm, auc tion
eer or a u c tion mo n it or
a. Na m e N W F G r oup p lc
---------------------------------------------------------
b. LE I 21 3 8 0 0AR R ZN N 1 W VZ9M70
------------------------------------------ ---------------------------------------------------------
4. De t a il s of t he tr an s ac ti on ( s ): sec ti on to be
r ep e a t ed f or (i) each t y pe of i ns trume n t; (ii)
each t y pe of tr an s ac ti on; (ii i) each da t e; and (iv)
each p lace w h e re tr an sa c tio ns h a ve b een c on d
uc t ed
a. De scri p ti o
n of t he F i
nan c ial i n O r d i na r y s ha r es of 25p in the C o m
s t r u m en t, pa ny
t y pe of i n
str u m ent
I den t ific a
ti o n c ode GB00 065 23 608
---------------------------------------------------------
b. Na t u r e of
t he tr an s a
ction Award of options under the Company's Share Option
Plan
------------------------------------------ ---------------------------------------------------------
c. P ric e ( s ) P ric e ( s Vo l u m e
and v ol u m e ) ( s )
(s)
------------------------------------------
0 p 85,714
------------------------------------------------ ---------------------------- ------------------------
d. Agg re ga t ed
i n f o r m a
t i on
* Agg re ga t ed v o lu m e
-- P ric e
------------------------------------------- --------------------------------------------------------
e. Da t e of t he 3 August 2021
tr an s a ction
------------------------------------------ ---------------------------------------------------------
f. P l a c e of t
he tr an s a ction Outside a trading venue
------------------------------------------ ---------------------------------------------------------
The information below (set out in accordance with the
requirements of EU Market Abuse Regulation) provides further
detail:
1. De t a il s of t he p e r son di s cha rgi ng mana g e r i
al r esp o ns i b iliti es / pe r son c lo se ly as s oc i
a t ed
a. Na m e Rob Andrew
---------------------------------------------------------
2. Reaso n f or t he no tifi ca tion
a. Po siti on /st Company Secretary
a t us
---------------------------------------------------------
b. I n i t ia l no I n i t ia l
tific a ti on
/ A m end m en
t
------------------------------------------ ---------------------------------------------------------
3. De t a il s of t he i ss u e r, emi ss i on a ll o w ance
m a r ket p a rti c i pan t, auc ti on p l a tf o rm, auc tion
eer or a u c tion mo n it or
a. Na m e N W F G r oup p lc
---------------------------------------------------------
b. LE I 21 3 8 0 0AR R ZN N 1 W VZ9M70
------------------------------------------ ---------------------------------------------------------
4. De t a il s of t he tr an s ac ti on ( s ): sec ti on to be
r ep e a t ed f or (i) each t y pe of i ns trume n t; (ii)
each t y pe of tr an s ac ti on; (ii i) each da t e; and (iv)
each p lace w h e re tr an sa c tio ns h a ve b een c on d
uc t ed
a. De scri p ti o
n of t he F i
nan c ial i n O r d i na r y s ha r es of 25p in the C o m
s t r u m en t, pa ny
t y pe of i n
str u m ent
I den t ific a
ti o n c ode GB00 065 23 608
---------------------------------------------------------
b. Na t u r e of
t he tr an s a
ction Award of options under the Company's Share Option
Plan
------------------------------------------ ---------------------------------------------------------
c. P ric e ( s ) P ric e ( s Vo l u m e
and v ol u m e ) ( s )
(s)
------------------------------------------
0 p 64,286
------------------------------------------------ ---------------------------- ------------------------
d. Agg re ga t ed
i n f o r m a
t i on
* Agg re ga t ed v o lu m e
-- P ric e
------------------------------------------- --------------------------------------------------------
e. Da t e of t he 3 August 2021
tr an s a ction
------------------------------------------ ---------------------------------------------------------
f. P l a c e of t
he tr an s a ction Outside a trading venue
------------------------------------------ ---------------------------------------------------------
1. De t a il s of t he p e r son di s cha rgi ng mana g e r i
al r esp o ns i b iliti es / pe r son c lo se ly as s oc i
a t ed
a. Na m e Andrew Downie
---------------------------------------------------------
2. Reaso n f or t he no tifi ca tion
a. Po siti on /st Managing Director Feeds
a t us
---------------------------------------------------------
b. I n i t ia l no I n i t ia l
tific a ti on
/ A m end m en
t
------------------------------------------ ---------------------------------------------------------
3. De t a il s of t he i ss u e r, emi ss i on a ll o w ance
m a r ket p a rti c i pan t, auc ti on p l a tf o rm, auc tion
eer or a u c tion mo n it or
a. Na m e N W F G r oup p lc
---------------------------------------------------------
b. LE I 21 3 8 0 0AR R ZN N 1 W VZ9M70
------------------------------------------ ---------------------------------------------------------
4. De t a il s of t he tr an s ac ti on ( s ): sec ti on to be
r ep e a t ed f or (i) each t y pe of i ns trume n t; (ii)
each t y pe of tr an s ac ti on; (ii i) each da t e; and (iv)
each p lace w h e re tr an sa c tio ns h a ve b een c on d
uc t ed
a. De scri p ti o
n of t he F i
nan c ial i n O r d i na r y s ha r es of 25p in the C o m
s t r u m en t, pa ny
t y pe of i n
str u m ent
I den t ific a
ti o n c ode GB00 065 23 608
---------------------------------------------------------
b. Na t u r e of
t he tr an s a
ction Award of options under the Company's Share Option
Plan
------------------------------------------ ---------------------------------------------------------
c. P ric e ( s ) P ric e ( s Vo l u m e
and v ol u m e ) ( s )
(s)
------------------------------------------
0 p 61,175
------------------------------------------------ ---------------------------- ------------------------
d. Agg re ga t ed
i n f o r m a
t i on
* Agg re ga t ed v o lu m e
-- P ric e
------------------------------------------- --------------------------------------------------------
e. Da t e of t he 3 August 2021
tr an s a ction
------------------------------------------ ---------------------------------------------------------
f. P l a c e of t
he tr an s a ction Outside a trading venue
------------------------------------------ ---------------------------------------------------------
The information below (set out in accordance with the
requirements of EU Market Abuse Regulation) provides further
detail:
1. De t a il s of t he p e r son di s cha rgi ng mana g e r i
al r esp o ns i b iliti es / pe r son c lo se ly as s oc i
a t ed
a. Na m e Richard Huxley
---------------------------------------------------------
2. Reaso n f or t he no tifi ca tion
a. Po siti on /st Managing Director Fuels
a t us
---------------------------------------------------------
b. I n i t ia l no I n i t ia l
tific a ti on
/ A m end m en
t
------------------------------------------ ---------------------------------------------------------
3. De t a il s of t he i ss u e r, emi ss i on a ll o w ance
m a r ket p a rti c i pan t, auc ti on p l a tf o rm, auc tion
eer or a u c tion mo n it or
a. Na m e N W F G r oup p lc
---------------------------------------------------------
b. LE I 21 3 8 0 0AR R ZN N 1 W VZ9M70
------------------------------------------ ---------------------------------------------------------
4. De t a il s of t he tr an s ac ti on ( s ): sec ti on to be
r ep e a t ed f or (i) each t y pe of i ns trume n t; (ii)
each t y pe of tr an s ac ti on; (ii i) each da t e; and (iv)
each p lace w h e re tr an sa c tio ns h a ve b een c on d
uc t ed
a. De scri p ti o
n of t he F i
nan c ial i n O r d i na r y s ha r es of 25p in the C o m
s t r u m en t, pa ny
t y pe of i n
str u m ent
I den t ific a
ti o n c ode GB00 065 23 608
---------------------------------------------------------
b. Na t u r e of
t he tr an s a
ction Award of options under the Company's Share Option
Plan
------------------------------------------ ---------------------------------------------------------
c. P ric e ( s ) P ric e ( s Vo l u m e
and v ol u m e ) ( s )
(s)
------------------------------------------
0 p 66,359
------------------------------------------------ ---------------------------- ------------------------
d. Agg re ga t ed
i n f o r m a
t i on
* Agg re ga t ed v o lu m e
-- P ric e
------------------------------------------- --------------------------------------------------------
e. Da t e of t he 3 August 2021
tr an s a ction
------------------------------------------ ---------------------------------------------------------
f. P l a c e of t
he tr an s a ction Outside a trading venue
------------------------------------------ ---------------------------------------------------------
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END
DSHEAEPAESKFEAA
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August 03, 2021 02:01 ET (06:01 GMT)
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