REG - National World PLC - Additional Listing

National WorldAnnouncement

27/04/2023 11:00

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RNS Number : 7131X  National World PLC  27 April 2023

27 April 2023

 

National World plc

 ("National World" or the "Company")

 

Block Listing Application

 

 

National World (NWOR.LSE) announces that an application has been made to the
London Stock Exchange for 12,663,363 ordinary shares of 0.1 pence each in
Company (the "New Ordinary Shares") to be admitted to the Official List of the
UK Listing Authority under a block listing (the "Block Listing").

 

The Block Listing application relates to New Ordinary Shares to be issued from
time to time to satisfy the allotment of shares pursuant to the Company's 2019
Value Creation Plan ("VCP").  As announced previously the VCP was put in
place on Admission in September 2019 to support the delivery of the Company's
strategy, to retain the lead executives and reward them for driving its
successful delivery.  The overall effect of the VCP was that the participants
together were able to earn Ordinary Shares equivalent in value to 10% of any
equity value created above an 8% compound annual growth rate based on the
measurement of absolute total shareholder return generated over the VCP
performance period. The share testing period for the VCP ended on 14 April
2023.

 

The Block Listing is expected to become effective on 3 May 2023.  When
issued, the New Ordinary Shares will rank pari passu with the Company's
existing issued ordinary shares.

 

 

For further information, please contact:

 

National World plc

Douglas Easton

c/o Montfort Communications

 

Montfort Communications

Olly Scott

+44 (0)78 1234 5205

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