TIDMNWF
RNS Number : 3241O
NWF Group PLC
31 January 2023
For release Tuesday 31 January 2023
NWF Group plc
NWF Group plc: Award of Options under Company Performance Share
Plan
NWF Group plc ('NWF' or the 'Company'), 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 138,478 ordinary shares of
25 pence each of the Company ("Shares") at a price of 230 pence per
Share, being the mid-market price at the close of business on 30
January 2023. 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 2025
increases by RPI plus 2% per annum then 41,543 Shares will be issued under the Plan; and
2. the maximum of 138,478 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 2025.
Following the award, Richard Whiting will be interested in
428,917 conditional awards over Shares.
Chris Belsham, Group Finance Director of NWF, will receive an
award of a conditional right over a maximum of 83,261 Shares at a
price of 230 pence per Share, being the mid-market price at the
close of business on 30 January 2023. 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 2025
increases by RPI plus 2% per annum then 24,978 Shares will be issued under the Plan; and
2. the maximum of 83,261 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 2025.
Following the award, Chris Belsham will be interested in 257,877
conditional awards over Shares.
Rob Andrew, Company Secretary of NWF, will receive an award of a
conditional right over a maximum of 62,500 Shares at a price of 230
pence per Share, being the mid-market price at the close of
business on 30 January 2023. 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 2025 increases by RPI plus 2%
per annum then 18,750 Shares will be issued under the Plan; and
2. the maximum of 62,500 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 2025.
Following the award, Rob Andrew will be interested in 193,493
conditional awards over Shares.
Andrew Downie, Managing Director of NWF Agriculture , will
receive an award of a conditional right over a maximum of 59,429
Shares at a price of 230 pence per Share, being the mid-market
price at the close of business on 30 January 2023. 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 2025
increases by RPI plus 2% per annum then 17,829 Shares will be issued under the Plan; and
2. the maximum of 59,429 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 2025.
Following the award, Andrew Downie will be interested in 185,360
conditional awards over Shares.
Angela Carus, Managing Director of Boughey Distribution , will
receive an award of a conditional right over a maximum of 57,098
Shares at a price of 230 pence per Share, being the mid-market
price at the close of business on 30 January 2023. 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 2025
increases by RPI plus 2% per annum then 17,129 Shares will be issued under the Plan; and
2. the maximum of 57,098 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 2025.
Following the award, Angela Carus will be interested in 57,098
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, Group Company
Secretary Reg Hoare/Catherine Chapman Mike Bell/Ed Allsopp
NWF Group plc MHP Communications Peel Hunt LLP
(Nominated Adviser and Broker)
Tel: 01829 260 260 Tel: 020 3128 8339 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 me 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 ial no I n i t ial
tific a ti on
/ A m end m ent
----------------------------------------- ---------------------------------------------------------
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 me NW F G r oup p lc
---------------------------------------------------------
b. LEI 21 3 8 0 0AR R ZN N 1W 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 on
of t he F i nan
c ial i n s t O r d i na ry s ha r es of 25p in the C o m
r u m en t, t pa ny
y pe of i n str
u m ent
I den t ific a
ti on c ode GB00 065 23 608
---------------------------------------------------------
b. Na t u re of t
he tr an s a ction
Award of options under the Company's Share Option
Plan
----------------------------------------- ---------------------------------------------------------
c. P ric e ( s) and P ric e ( s) Vo l u m e
v ol u m e (s) ( s)
-----------------------------------------
0p 138,478
----------------------------------------------- ----------------------------- -----------------------
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 te of t he 31 January 2023
tr an s a ction
----------------------------------------- ---------------------------------------------------------
f. P l a ce 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 me 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 ial no I n i t ial
tific a ti on
/ A m end m ent
----------------------------------------- ---------------------------------------------------------
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 me NW F G r oup p lc
---------------------------------------------------------
b. LEI 21 3 8 0 0AR R ZN N 1W 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 on
of t he F i nan
c ial i n s t O r d i na ry s ha r es of 25p in the C o m
r u m en t, t pa ny
y pe of i n str
u m ent
I den t ific a
ti on c ode GB00 065 23 608
---------------------------------------------------------
b. Na t u re of t
he tr an s a ction
Award of options under the Company's Share Option
Plan
----------------------------------------- ---------------------------------------------------------
c. P ric e ( s) and P ric e ( s) Vo l u m e
v ol u m e (s) ( s)
-----------------------------------------
0p 83,261
----------------------------------------------- ----------------------------- -----------------------
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 te of t he 31 January 2023
tr an s a ction
----------------------------------------- ---------------------------------------------------------
f. P l a ce 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 me 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 ial no I n i t ial
tific a ti on
/ A m end m ent
----------------------------------------- ---------------------------------------------------------
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 me NW F G r oup p lc
---------------------------------------------------------
b. LEI 21 3 8 0 0AR R ZN N 1W 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 on
of t he F i nan
c ial i n s t O r d i na ry s ha r es of 25p in the C o m
r u m en t, t pa ny
y pe of i n str
u m ent
I den t ific a
ti on c ode GB00 065 23 608
---------------------------------------------------------
b. Na t u re of t
he tr an s a ction
Award of options under the Company's Share Option
Plan
----------------------------------------- ---------------------------------------------------------
c. P ric e ( s) and P ric e ( s) Vo l u m e
v ol u m e (s) ( s)
-----------------------------------------
0p 62,500
----------------------------------------------- ----------------------------- -----------------------
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 te of t he 31 January 2023
tr an s a ction
----------------------------------------- ---------------------------------------------------------
f. P l a ce 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 me 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 ial no I n i t ial
tific a ti on
/ A m end m ent
----------------------------------------- ---------------------------------------------------------
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 me NW F G r oup p lc
---------------------------------------------------------
b. LEI 21 3 8 0 0AR R ZN N 1W 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 on
of t he F i nan
c ial i n s t O r d i na ry s ha r es of 25p in the C o m
r u m en t, t pa ny
y pe of i n str
u m ent
I den t ific a
ti on c ode GB00 065 23 608
---------------------------------------------------------
b. Na t u re of t
he tr an s a ction
Award of options under the Company's Share Option
Plan
----------------------------------------- ---------------------------------------------------------
c. P ric e ( s) and P ric e ( s) Vo l u m e
v ol u m e (s) ( s)
-----------------------------------------
0p 59,429
----------------------------------------------- ----------------------------- -----------------------
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 te of t he 31 January 2023
tr an s a ction
----------------------------------------- ---------------------------------------------------------
f. P l a ce 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 me Angela Carus
---------------------------------------------------------
2. Reaso n f or t he no tifi ca tion
a. Po siti on /st Managing Director Food
a t us
---------------------------------------------------------
b. I n i t ial no I n i t ial
tific a ti on
/ A m end m ent
----------------------------------------- ---------------------------------------------------------
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 me NW F G r oup p lc
---------------------------------------------------------
b. LEI 21 3 8 0 0AR R ZN N 1W 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 on
of t he F i nan
c ial i n s t O r d i na ry s ha r es of 25p in the C o m
r u m en t, t pa ny
y pe of i n str
u m ent
I den t ific a
ti on c ode GB00 065 23 608
---------------------------------------------------------
b. Na t u re of t
he tr an s a ction
Award of options under the Company's Share Option
Plan
----------------------------------------- ---------------------------------------------------------
c. P ric e ( s) and P ric e ( s) Vo l u m e
v ol u m e (s) ( s)
-----------------------------------------
0p 57,098
----------------------------------------------- ----------------------------- -----------------------
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 te of t he 31 January 2023
tr an s a ction
----------------------------------------- ---------------------------------------------------------
f. P l a ce of t
he tr an s a ction Outside a trading venue
----------------------------------------- ---------------------------------------------------------
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END
DSHEANFEDDFDEFA
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January 31, 2023 02:05 ET (07:05 GMT)
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