TIDMNWF
RNS Number : 8124H
NWF Group PLC
01 August 2023
For release Tuesday 1 August 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 122,617 ordinary shares of
25 pence each of the Company ('Shares') at a price of 267.5 pence
per Share, being the mid-market price at the close of business on
31 July 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 2026
increases by RPI plus 2% per annum then 36,785 Shares will be issued under the Plan; and
2. the maximum of 122,617 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 2026.
Following the award, Richard Whiting will be interested in
403,607 conditional awards over Shares.
Chris Belsham, Chief Executive Designate of NWF, will receive an
award of a conditional right over a maximum of 73,738 Shares at a
price of 267.5 pence per Share, being the mid-market price at the
close of business on 31 July 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 2026 increases by RPI plus 2%
per annum then 22,121 Shares will be issued under the Plan; and
2. the maximum of 73,738 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 2026.
Following the award, Chris Belsham will be interested in 242,713
conditional awards over Shares.
Rob Andrew, Company Secretary of NWF, will receive an award of a
conditional right over a maximum of 56,449 Shares at a price of
267.5 pence per Share, being the mid-market price at the close of
business on 31 July 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 2026 increases by RPI plus 2%
per annum then 16,934 Shares will be issued under the Plan; and
2. the maximum of 56,449 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 2026.
Following the award, Rob Andrew will be interested in 183,235
conditional awards over Shares.
Dave Walmsley, Managing Director of NWF Fuels , will receive an
award of a conditional right over a maximum of 58,206 Shares at a
price of 267.5 pence per Share, being the mid-market price at the
close of business on 31 July 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 2026 increases by RPI plus 2%
per annum then 17,461 Shares will be issued under the Plan; and
2. the maximum of 58,206 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 2026.
Following the award, Dave Walmsley will be interested in 58,206
conditional awards over Shares.
Angela Carus, Managing Director of Boughey Distribution , will
receive an award of a conditional right over a maximum of 51,548
Shares at a price of 267.5 pence per Share, being the mid-market
price at the close of business on 31 July 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 2026 increases by RPI plus 2%
per annum then 15,464 Shares will be issued under the Plan; and
2. the maximum of 51,548 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 2026.
Following the award, Angela Carus will be interested in 108,646
conditional awards over Shares.
Andrew Downie, Managing Director of NWF Agriculture , will
receive an award of a conditional right over a maximum of 53,664
Shares at a price of 267.5 pence per Share, being the mid-market
price at the close of business on 31 July 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 2026 increases by RPI plus 2%
per annum then 16,099 Shares will be issued under the Plan; and
2. the maximum of 53,664 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 2026.
Following the award, Andrew Downie will be interested in 174,268
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. In the event of a recipient
leaving during the three year period to 31 May 2026, the
circumstances surrounding the recipient leaving the Company would
be assessed, and any award which subsequently vests would be
pro-rated to reflect the recipient's actual period of
employment.
Richard Whiting, Chief Reg Hoare/Catherine
Executive Chapman Mike Bell/Ed Allsopp
Chris Belsham, Chief Executive
Designate
NWF Group plc MHP Group Peel Hunt LLP
(Nominated Advisor
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 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 122,617
------------------------------------------------ ---------------------------- ------------------------
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 1 August 2023
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 Chief Executive Designate
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 73,738
------------------------------------------------ ---------------------------- ------------------------
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 1 August 2023
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 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 56,449
------------------------------------------------ ---------------------------- ------------------------
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 1 August 2023
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 David Walmsley
---------------------------------------------------------
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 58,206
------------------------------------------------ ---------------------------- ------------------------
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 1 August 2023
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 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 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 51,548
------------------------------------------------ ---------------------------- ------------------------
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 1 August 2023
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 53,664
------------------------------------------------ ---------------------------- ------------------------
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 1 August 2023
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
DSHRBMPTMTMJBFJ
(END) Dow Jones Newswires
August 01, 2023 02:00 ET (06:00 GMT)
Nwf (LSE:NWF)
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Nwf (LSE:NWF)
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부터 5월(5) 2023 으로 5월(5) 2024
