NWF — NWF News Story

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Enterprise Value
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Revenue
£920.30m

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Award of Options

NWF

29/07/2025 07:01

RNS Number : 8866S

NWF Group PLC

29 July 2025

For release Tuesday 29 July 2025

NWF Group plc

NWF Group plc: Award of Options under Company Performance Share Plan

NWF Group plc ('NWF', the 'Company' or the Group), the specialist distributor operating in UK markets today announces the following awards have been approved under the terms of the established NWF Company Performance Share Plan (the 'Plan').

Chris Belsham, Chief Executive of NWF, will receive an award of a conditional right over a maximum of 237,766 ordinary shares of 25 pence each of the Company ('Shares') at a price of 170.00 pence per Share, being the mid-market price at the close of business on 28 July 2025. 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 2028 increases by RPI plus 2% per annum then 71,330 Shares will be issued under the Plan; and

2. the maximum of 237,766 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 2028.

Following the award, Chris Belsham will be interested in 545,791 conditional awards over Shares.

Katie Shortland, Chief Financial Officer of NWF, will receive an award of a conditional right over a maximum of 147,059 Shares at a price of 170.00 pence per Share, being the mid-market price at the close of business on 28 July 2025. 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 2028 increases by RPI plus 2% per annum 41,118 Shares will be issued under the Plan; and

2. the maximum of 147,059 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 2028.

Following the award, Katie Shortland will be interested in 365,879 conditional awards over Shares.

Dave Walmsley, Managing Director of NWF Fuels, will receive an award of a conditional right over a maximum of 97,166 Shares at a price of 170.00 pence per Share, being the mid-market price at the close of business on 28 July 2025. 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 2028 increases by RPI plus 2% per annum 29,150 Shares will be issued under the Plan; and

2. the maximum of 97,166 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 2028.

Following the award, Dave Walmsley will be interested in 251,116 conditional awards over Shares.

Tim Moran, Managing Director of Boughey Distribution, will receive an award of a conditional right over a maximum 167,647 Shares at a price of 170.00 pence per Share, being the mid-market price at the close of business on 28 July 2025. 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 2028 increases by RPI plus 2% per annum 50,294 Shares will be issued under the Plan; and

2. the maximum of 167,647 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 2028.

Following the award, Tim Moran will be interested in 167,647 conditional awards over Shares.

Rupert Phillips, Managing Director of NWF Agriculture, will receive an award of a conditional right over a maximum of 92,647 Shares at a price of 170.00 pence per Share, being the mid-market price at the close of business on 28 July 2025. 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 2028 increases by RPI plus 2% per annum 27,764 Shares will be issued under the Plan; and

2. the maximum of 92,647 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 2028.

Following the award, Rupert Phillips, will be interested in 92,647 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 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 2028, 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.

Tom Harland, Group Company Secretary Reg Hoare/Veronica Farah Mike Bell/Ed Allsopp
NWF Group plc MHP Peel Hunt LLP
(Nominated Adviser and Broker)
Tel: 01829 260 260 Tel: 07710 117 517 Tel: 020 7418 8900

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Chris Belsham
2. Reason for the notification
a. Position/status Chief Executive
b. Initial notification
/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. Name NW F Group plc
b. LEI 213800ARRZNN1W VZ9M70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type oftransaction; (iii) each date; and (iv) each place where transactions have been conducted
a. Description of the Financial instrument, type of instrument
Identification code Ordinary shares of 25p in the Company
GB0006523608
b. Nature of the transaction Award of options under the Company's Share Option Plan
c. Price(s) and volume(s)
Price(s) Volume(s)
0p 237,766
d. Aggregatedinformation
• Aggregatedvolume
• Price
e. Date of the transaction 29 July 2025
f. Place of the transaction Outside a trading venue

1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Katie Shortland
2. Reason for the notification
a. Position/status Chief Financial Officer
b. Initial notification
/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. Name NW F Group plc
b. LEI 213800ARRZNN1W VZ9M70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type oftransaction; (iii) each date; and (iv) each place where transactions have been conducted
a. Description of the Financial instrument, type of instrument
Identification code Ordinary shares of 25p in the Company
GB0006523608
b. Nature of the transaction Award of options under the Company's Share Option Plan
c. Price(s) and volume(s)
Price(s) Volume(s)
0p 147,059
d. Aggregatedinformation
• Aggregatedvolume
• Price
e. Date of the transaction 29 July 2025
f. Place of the transaction Outside a trading venue

1. Details of the person discharging managerial responsibilities / person closely associated
a. Name David Walmsley
2. Reason for the notification
a. Position/status Managing Director, NWF Fuels Limited
b. Initial notification
/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. Name NW F Group plc
b. LEI 213800ARRZNN1W VZ9M70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type oftransaction; (iii) each date; and (iv) each place where transactions have been conducted
a. Description of the Financial instrument, type of instrument
Identification code Ordinary shares of 25p in the Company
GB0006523608
b. Nature of the transaction Award of options under the Company's Share Option Plan
c. Price(s) and volume(s)
Price(s) Volume(s)
0p 97,166
d. Aggregatedinformation
• Aggregatedvolume
• Price
e. Date of the transaction 29 July 2025
f. Place of the transaction Outside a trading venue

1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Tim Moran
2. Reason for the notification
a. Position/status Managing Director, Boughey Distribution Limited
b. Initial notification
/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. Name NW F Group plc
b. LEI 213800ARRZNN1W VZ9M70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type oftransaction; (iii) each date; and (iv) each place where transactions have been conducted
a. Description of the Financial instrument, type of instrument
Identification code Ordinary shares of 25p in the Company
GB0006523608
b. Nature of the transaction Award of options under the Company's Share Option Plan
c. Price(s) and volume(s)
Price(s) Volume(s)
0p 167,647
d. Aggregatedinformation
• Aggregatedvolume
• Price
e. Date of the transaction 29 July 2025
f. Place of the transaction Outside a trading venue

1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Rupert Phillips
2. Reason for the notification
a. Position/status Managing Director, NWF Agriculture Limited
b. Initial notification
/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. Name NW F Group plc
b. LEI 213800ARRZNN1W VZ9M70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type oftransaction; (iii) each date; and (iv) each place where transactions have been conducted
a. Description of the Financial instrument, type of instrument
Identification code Ordinary shares of 25p in the Company
GB0006523608
b. Nature of the transaction Award of options under the Company's Share Option Plan
c. Price(s) and volume(s)
Price(s) Volume(s)
0p 92,647
d. Aggregatedinformation
• Aggregatedvolume
• Price
e. Date of the transaction 29 July 2025
f. Place of the transaction Outside a trading venue

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Chris Belsham
2.	Reason for the notification
a.	Position/status	Chief Executive
b.	Initial notification /Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	NW F Group plc
b.	LEI	213800ARRZNN1W VZ9M70
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type oftransaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the Financial instrument, type of instrument Identification code	Ordinary shares of 25p in the Company GB0006523608
b.	Nature of the transaction	Award of options under the Company's Share Option Plan
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			0p	237,766
d.	Aggregatedinformation • Aggregatedvolume • Price
e.	Date of the transaction	29 July 2025
f.	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Katie Shortland
2.	Reason for the notification
a.	Position/status	Chief Financial Officer
b.	Initial notification /Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	NW F Group plc
b.	LEI	213800ARRZNN1W VZ9M70
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type oftransaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the Financial instrument, type of instrument Identification code	Ordinary shares of 25p in the Company GB0006523608
b.	Nature of the transaction	Award of options under the Company's Share Option Plan
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			0p	147,059
d.	Aggregatedinformation • Aggregatedvolume • Price
e.	Date of the transaction	29 July 2025
f.	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	David Walmsley
2.	Reason for the notification
a.	Position/status	Managing Director, NWF Fuels Limited
b.	Initial notification /Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	NW F Group plc
b.	LEI	213800ARRZNN1W VZ9M70
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type oftransaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the Financial instrument, type of instrument Identification code	Ordinary shares of 25p in the Company GB0006523608
b.	Nature of the transaction	Award of options under the Company's Share Option Plan
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			0p	97,166
d.	Aggregatedinformation • Aggregatedvolume • Price
e.	Date of the transaction	29 July 2025
f.	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Tim Moran
2.	Reason for the notification
a.	Position/status	Managing Director, Boughey Distribution Limited
b.	Initial notification /Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	NW F Group plc
b.	LEI	213800ARRZNN1W VZ9M70
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type oftransaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the Financial instrument, type of instrument Identification code	Ordinary shares of 25p in the Company GB0006523608
b.	Nature of the transaction	Award of options under the Company's Share Option Plan
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			0p	167,647
d.	Aggregatedinformation • Aggregatedvolume • Price
e.	Date of the transaction	29 July 2025
f.	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Rupert Phillips
2.	Reason for the notification
a.	Position/status	Managing Director, NWF Agriculture Limited
b.	Initial notification /Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	NW F Group plc
b.	LEI	213800ARRZNN1W VZ9M70
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type oftransaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the Financial instrument, type of instrument Identification code	Ordinary shares of 25p in the Company GB0006523608
b.	Nature of the transaction	Award of options under the Company's Share Option Plan
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			0p	92,647
d.	Aggregatedinformation • Aggregatedvolume • Price
e.	Date of the transaction	29 July 2025
f.	Place of the transaction	Outside a trading venue