REG - NWF Group PLC - Award of Options

NWFAnnouncement

Tue 07:02

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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                                         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                                                                             237,766
 d.  Aggregated information

     •  Aggregated volume

     •    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                                         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                                                                             147,059

 d.  Aggregated information

     •  Aggregated volume

     •    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                                         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                                                                             97,166

 d.  Aggregated information

     •  Aggregated volume

     •    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                                         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                                                                             167,647

 d.  Aggregated information

     •  Aggregated volume

     •    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                                         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                                                                             92,647

 d.  Aggregated information

     •  Aggregated volume

     •    Price
 e.  Date of the transaction                                      29 July 2025
 f.  Place   of   the transaction

                                                                  Outside a trading venue

 

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