NWF Group PLC Award of Options (2590O)
02 10월 2023 - 3:00PM
UK Regulatory
TIDMNWF
RNS Number : 2590O
NWF Group PLC
02 October 2023
For release Monday 2 October 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 award has been approved under the terms of the
established NWF Company Performance Share Plan (the 'Plan').
Katie Shortland, Chief Financial Officer of NWF, will receive an
award of an option over a maximum of 92,760 ordinary shares of 25
pence each of the Company ('Shares') at a price of 221 pence per
Share, being the mid-market price at the close of business on 29
September 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 27,828 Shares will be issued under the Plan; and
2. the maximum of 92,760 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, Katie Shortland will be interested in
92,760 options 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 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.
Rob Andrew, Group Company
Secretary Reg Hoare/Catherine Chapman Mike Bell/Ed Allsopp
NWF Group plc MHP G roup 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 Katie Shortland
---------------------------------------------------------
2. Reaso n f or t he no tifi ca tion
a. Po siti on /st Chief Financial Officer
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 GB00 065 23 608
ti on c ode
---------------------------------------------------------
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 92,760
----------------------------------------------- ----------------------------- -----------------------
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 2 October 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
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