REG - NWF Group PLC - Award of Options

NWFAnnouncement

31/01/2023 07:16

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230131:nRSe3241Oa&default-theme=true

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.  Details of the person discharging managerial responsibilities / person closely
     associated
 a.  Name                                                         Richard Whiting
 2.  Reason for the notification
 a.  Position/status                                              Chief Executive
 b.  Initial notification                                         Initial

     /Amendment
 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 of transaction; (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                                                                             138,478
 d.  Aggregated information

     •  Aggregated volume

     •    Price
 e.  Date of the transaction                                      31 January 2023
 f.  Place   of   the transaction

                                                                  Outside a trading venue

 

 

 

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a.  Name                                                         Christopher Belsham
 2.  Reason for the notification
 a.  Position/status                                              Group Finance Director
 b.  Initial notification                                         Initial

     /Amendment
 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 of transaction; (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                                                                             83,261
 d.  Aggregated information

     •  Aggregated volume

     •    Price
 e.  Date of the transaction                                      31 January 2023
 f.  Place   of   the transaction

                                                                  Outside a trading venue

 

 

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a.  Name                                                         Rob Andrew
 2.  Reason for the notification
 a.  Position/status                                              Company Secretary
 b.  Initial notification                                         Initial

     /Amendment
 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 of transaction; (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                                                                             62,500
 d.  Aggregated information

     •  Aggregated volume

     •    Price
 e.  Date of the transaction                                      31 January 2023
 f.  Place   of   the transaction

                                                                  Outside a trading venue

 

 

 

 

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a.  Name                                                         Andrew Downie
 2.  Reason for the notification
 a.  Position/status                                              Managing Director Feeds
 b.  Initial notification                                         Initial

     /Amendment
 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 of transaction; (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                                                                             59,429
 d.  Aggregated information

     •  Aggregated volume

     •    Price
 e.  Date of the transaction                                      31 January 2023
 f.  Place   of   the transaction

                                                                  Outside a trading venue

 

 

 

 

 

 

 

 

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a.  Name                                                         Angela Carus
 2.  Reason for the notification
 a.  Position/status                                              Managing Director Food
 b.  Initial notification                                         Initial

     /Amendment
 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 of transaction; (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                                                                             57,098
 d.  Aggregated information

     •  Aggregated volume

     •    Price
 e.  Date of the transaction                                      31 January 2023
 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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHEANFEDDFDEFA