TIDMNWF

RNS Number : 4686V

NWF Group PLC

10 August 2022

10 August 2022

NWF Group plc

NWF Group plc: Issue of Equity under Company Performance Share Plan

NWF Group plc ("NWF" or the "Company"), the specialist distributor of fuel, food and feed across the UK, announces it has issued 273,800 ordinary shares of 25 pence each ("Ordinary Shares") pursuant to awards previously made under the NWF Company Performance Share Plan (the "Plan"), following the satisfaction of certain performance conditions.

The table below sets out the allocation of the awards, together with the resulting holdings of the PDMRs following Admission:

 
 Director / PDMR    Number of awards    Resulting interest   Resulting percentage 
                                        in Ordinary Shares     of Ordinary Shares 
-----------------  -----------------  --------------------  --------------------- 
 Richard Whiting              92,667               505,122                  1.02% 
 Chris Belsham                55,678               162,845                  0.33% 
 Rob Andrew                   41,774               179,293                  0.36% 
 Richard Huxley               43,138                63,636                  0.13% 
 Andrew Downie                40,543                85,481                  0.17% 
 

Issue of equity and total voting rights

Application has been made for the 273,800 new Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to take place at 8.00 a.m. on 11 August 2022.

In accordance with the FCA's Disclosure Guidance and Transparency Rules (DTR 5.6.1) the Company notifies that following Admission, its issued share capital will consist of 49,407,963 Ordinary Shares. There are no Ordinary Shares held in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 
 Rob Andrew                Reg Hoare/C atherine   Mike Bell/Ed Allsopp 
                            Chapman 
 Group Company Secretary   MHP Communications     Peel Hunt LLP 
 NWF Group plc             Tel: 020 3128 8339     (Nominated Adviser) 
 Tel: 01829 260 260                               Tel: 020 7418 8900 
 

The below notification made in accordance with the requirements of the EU Market Abuse Regulation provides further detail:

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                              Richard Whiting 
     --------------------------------  ------------------------------------------------------ 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------------------------- 
 a)   Position/status                   Chief Executive 
     --------------------------------  ------------------------------------------------------ 
 b)   Initial notification              Initial notification 
       /Amendment 
     --------------------------------  ------------------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------------------- 
 a)   Name                              NWF Group plc 
     --------------------------------  ------------------------------------------------------ 
 b)   LEI                               213800ARRZNN1WVZ9M70 
     --------------------------------  ------------------------------------------------------ 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ---------------------------------------------------------------------------------------- 
 a)   Description of the 
       financial instrument,                   Shares in NWF Group plc 
       type of instrument 
      Identification code               GB0006523608 
     --------------------------------  ------------------------------------------------------ 
 b)   Nature of the transaction         Issue of shares under the Company's Performance 
                                         Share Plan 
     --------------------------------  ------------------------------------------------------ 
 c)   Price(s) and volume(s) 
                                            Price(s)    Volume(s) 
                                             Nil         92,667 
                                            ----------  ---------- 
     --------------------------------    ------------------------------------------------ 
 d)   Aggregated information 
 
      - Aggregated volume               n/a 
 
      - Price 
 
       - Total 
 
 e)   Date of the transaction           6 August 2022 
     --------------------------------  ------------------------------------------------------ 
 f)   Place of the transaction          Outside of a trading venue 
     --------------------------------  ------------------------------------------------------ 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                               Chris Belsham 
     ---------------------------------  ------------------------------------------------------ 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------------------------- 
 a)   Position/status                    Group Finance Director 
     ---------------------------------  ------------------------------------------------------ 
 b)   Initial notification               Initial notification 
       /Amendment 
     ---------------------------------  ------------------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------------------- 
 a)   Name                               NWF Group plc 
     ---------------------------------  ------------------------------------------------------ 
 b)   LEI                                213800ARRZNN1WVZ9M70 
     ---------------------------------  ------------------------------------------------------ 
      Details of the transaction(s): section to be repeated 
  4    for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------------------------- 
 a)   Description of 
       the financial                       Shares in NWF Group plc 
       instrument, type 
       of instrument 
      Identification                     GB0006523608 
       code 
     ---------------------------------  ------------------------------------------------------ 
 b)   Nature of the                      Issue of shares under the Company's Performance 
       transaction                        Share Plan 
     ---------------------------------  ------------------------------------------------------ 
 c)   Price(s) and volume(s) 
                                             Price(s)    Volume(s) 
                                              Nil         55,678 
                                             ----------  ---------- 
     ---------------------------------    ------------------------------------------------ 
 d)   Aggregated information 
 
      - Aggregated volume                n/a 
 
      - Price 
 
       - Total 
 
 e)   Date of the transaction            6 August 2022 
     ---------------------------------  ------------------------------------------------------ 
 f)   Place of the transaction           Outside of a trading venue 
     ---------------------------------  ------------------------------------------------------ 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                              Rob Andrew 
     --------------------------------  ------------------------------------------------------ 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------------------------- 
 a)   Position/status                   Group Company Secretary 
     --------------------------------  ------------------------------------------------------ 
 b)   Initial notification              Initial notification 
       /Amendment 
     --------------------------------  ------------------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------------------- 
 a)   Name                              NWF Group plc 
     --------------------------------  ------------------------------------------------------ 
 b)   LEI                               213800ARRZNN1WVZ9M70 
     --------------------------------  ------------------------------------------------------ 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ---------------------------------------------------------------------------------------- 
 a)   Description of the                Shares in NWF Group plc 
       financial instrument, 
       type of instrument 
      Identification code               GB0006523608 
     --------------------------------  ------------------------------------------------------ 
 b)   Nature of the transaction         Issue of shares under the Company's Performance 
                                         Share Plan 
     --------------------------------  ------------------------------------------------------ 
 c)   Price(s) and volume(s) 
                                            Price(s)    Volume(s) 
                                             Nil         41,774 
                                            ----------  ---------- 
     --------------------------------    ------------------------------------------------ 
 d)   Aggregated information 
 
      - Aggregated volume               n/a 
 
      - Price 
 
       - Total 
 
 e)   Date of the transaction           6 August 2022 
     --------------------------------  ------------------------------------------------------ 
 f)   Place of the transaction          Outside of a trading venue 
     --------------------------------  ------------------------------------------------------ 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                              Richard Huxley 
     --------------------------------  ------------------------------------------------------ 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------------------------- 
 a)   Position/status                   Managing Director Fuels 
     --------------------------------  ------------------------------------------------------ 
 b)   Initial notification              Initial notification 
       /Amendment 
     --------------------------------  ------------------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------------------- 
 a)   Name                              NWF Group plc 
     --------------------------------  ------------------------------------------------------ 
 b)   LEI                               213800ARRZNN1WVZ9M70 
     --------------------------------  ------------------------------------------------------ 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ---------------------------------------------------------------------------------------- 
 a)   Description of the                Shares in NWF Group plc 
       financial instrument, 
       type of instrument 
      Identification code               GB0006523608 
     --------------------------------  ------------------------------------------------------ 
 b)   Nature of the transaction         Issue of shares under the Company's Performance 
                                         Share Plan 
     --------------------------------  ------------------------------------------------------ 
 c)   Price(s) and volume(s) 
                                            Price(s)    Volume(s) 
                                             Nil         43,138 
                                            ----------  ---------- 
     --------------------------------    ------------------------------------------------ 
 d)   Aggregated information 
 
      - Aggregated volume               n/a 
 
      - Price 
 
       - Total 
 
 e)   Date of the transaction           6 August 2022 
     --------------------------------  ------------------------------------------------------ 
 f)   Place of the transaction          Outside of a trading venue 
     --------------------------------  ------------------------------------------------------ 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                              Andrew Downie 
     --------------------------------  ------------------------------------------------------ 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------------------------- 
 a)   Position/status                   Managing Director Feeds 
     --------------------------------  ------------------------------------------------------ 
 b)   Initial notification              Initial notification 
       /Amendment 
     --------------------------------  ------------------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------------------- 
 a)   Name                              NWF Group plc 
     --------------------------------  ------------------------------------------------------ 
 b)   LEI                               213800ARRZNN1WVZ9M70 
     --------------------------------  ------------------------------------------------------ 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ---------------------------------------------------------------------------------------- 
 a)   Description of the                Shares in NWF Group plc 
       financial instrument, 
       type of instrument 
      Identification code               GB0006523608 
     --------------------------------  ------------------------------------------------------ 
 b)   Nature of the transaction         Issue of shares under the Company's Performance 
                                         Share Plan 
     --------------------------------  ------------------------------------------------------ 
 c)   Price(s) and volume(s) 
                                            Price(s)    Volume(s) 
                                             Nil         40,543 
                                            ----------  ---------- 
     --------------------------------    ------------------------------------------------ 
 d)   Aggregated information 
 
      - Aggregated volume               n/a 
 
      - Price 
 
       - Total 
 
 e)   Date of the transaction           6 August 2022 
     --------------------------------  ------------------------------------------------------ 
 f)   Place of the transaction          Outside of a trading venue 
     --------------------------------  ------------------------------------------------------ 
 

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