REG - Wynnstay Group PLC - Award of Options

WynnstayAnnouncement

27/04/2021 09:30

RNS Number : 7172W
  
Wynnstay Group PLC
  
27 April 2021
  
 

27 April 2021
AIM: WYN
 
 
 
WYNNSTAY GROUP PLC
("Wynnstay" or "the Company") 
 
Award of Options under the Company's Performance Share Plan 
and Share Option 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 its established plans, the Wynnstay Performance Share Plan ("PSP") and the Wynnstay Group Approved Company Share Option Plan ("CSOP").
 
The PSP Options offer the recipients the entitlement to acquire a maximum number of Ordinary Shares ("Award Shares") on or after 31 October 2023 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 2023. 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 PSP Award Shares over which Options have been granted on 23 April 2021 amounts to 84,728, and included in this grant were Options made to the following executive directors and Company Secretary:



  
Name


 
Title


Maximum number of Award Shares


















Mr G.W. Davies


Chief Executive Officer


17,819




Mr B.P. Roberts


Finance Director


14,256




Mrs C.A. Williams


Company Secretary


3,676



In addition, 186,000 Share Options were granted under the CSOP to other employees of the Group on 23 April 2021 at an option price of £4.625.
The Remuneration Committee has responsibility for determining the award of Options and the performance targets under both Plans.  
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
 


 
17,819 Ordinary Shares
 








d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Price
 
 


N/A single transaction




e)
 


Date of the transaction
 
 


23/4/2021




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
 


 
14,256 Ordinary Shares
 








d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Price
 
 


N/A single transaction




e)
 


Date of the transaction
 
 


23/04/2021




f)
 


Place of the transaction
 
 


Outside a trading venue
 



 
 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Claire Alexander Williams




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Company Secretary




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
 


 
3,676 Ordinary Shares
 








d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Price
 
 


N/A single transaction




e)
 


Date of the transaction
 
 


23/04/2021




f)
 


Place of the transaction
 
 


Outside a trading venue
 



 

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