REG - Wynnstay Group PLC - Grant of Options
23 January 2020
AIM: WYN
WYNNSTAY GROUP PLC
("Wynnstay" or "the Company")
Award of Options under the Company's Performance Share Plan
Wynnstay, the agricultural supplies group, announces the award of options ("Options") over ordinary shares of 25p each in the Company ("Ordinary Shares") approved under the terms of the established Wynnstay Performance Share Plan (the "Plan").
The Options offer the recipients the entitlement to acquire a maximum number of Ordinary Shares ("Award Shares") on or after 31 October 2022 at nil cost subject to the Company achieving the following minimum reported performance criteria:
1. 75% of the Award Shares will vest if the Company's Earnings Per Share ("EPS") grows at an annual rate exceeding the rate of growth of the Retail Price Index ("RPI") plus 8%. Where this growth is not met, provided EPS grows at an annual rate of at least RPI plus 1%, 30% of the Award Shares tested under the EPS target will vest. Between these criteria, the Award Shares will vest on a straight-line basis.
2. 25% of the Award Shares will vest if the Company's Return on Capital Employed ("ROCE") increases to at least 12.6% for the financial year ending 31 October 2022. Where this target is not met, provided a minimum ROCE employed of 10% is met, the Award Shares will vest between these two criteria on a straight-line basis.
The total number of Award Shares over which Options have been granted amounts to 146,647, and included in this grant were Options made to the following executive directors of the Company:
Name
Title
Maximum number of Award Shares
Mr G.W. Davies
Chief Executive Officer
27,896
Mr B.P. Roberts
Finance Director
22,318
Mr D.A.T. Evans
Agriculture Director
20,226
The Remuneration Committee has responsibility for determining the award of Options and the performance targets under the Plan.
Enquiries:
Wynnstay Group plc
Gareth Davies, Chief Executive
Paul Roberts, Finance Director
T: 1691 827 142
KTZ Communications
Katie Tzouliadis / Dan Mahoney
T: 020 3178 6378
Shore Capital (Nomad and Broker)
Stephane Auton / Patrick Castle / John More
T: 020 7408 4090
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Gareth Davies
2
Reason for the notification
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Wynnstay Group plc
b)
LEI
213800TOLA726AITR960
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 25 pence each in the Company ("Ordinary Shares")
GB0034212331
b)
Nature of the transaction
Award of Options under the Company's Performance Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
27,896 Ordinary Shares
d)
Aggregated information
- Aggregated volume
- Price
N/A single transaction
e)
Date of the transaction
23/01/2020
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Bryan Paul Roberts
2
Reason for the notification
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Wynnstay Group plc
b)
LEI
213800TOLA726AITR960
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 25 pence each in the Company ("Ordinary Shares")
GB0034212331
b)
Nature of the transaction
Award of Options under the Company's Performance Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
22,318 Ordinary Shares
d)
Aggregated information
- Aggregated volume
- Price
N/A single transaction
e)
Date of the transaction
23/01/2020
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Andrew Evans
2
Reason for the notification
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Wynnstay Group plc
b)
LEI
213800TOLA726AITR960
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 25 pence each in the Company ("Ordinary Shares")
GB0034212331
b)
Nature of the transaction
Award of Options under the Company's Performance Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
20,226 Ordinary Shares
d)
Aggregated information
- Aggregated volume
- Price
N/A single transaction
e)
Date of the transaction
23/01/2020
f)
Place of the transaction
Outside a trading venue
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