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NWF Nwf Group Plc

200.00
0.00 (0.00%)
10 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nwf Group Plc LSE:NWF London Ordinary Share GB0006523608 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 200.00 195.00 205.00 200.00 200.00 200.00 22,429 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Groceries, General Line-whsl 1.05B 14.9M 0.3014 6.64 98.88M

NWF Group PLC Award of Options and Issue of Equity (9899G)

12/08/2016 7:00am

UK Regulatory


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TIDMNWF

RNS Number : 9899G

NWF Group PLC

12 August 2016

NWF Group plc

For release 12 August 2016

NWF Group plc ('NWF', 'the Group' or 'the Company')

Award of Options and Issue of Equity under Company Performance Share Plan

NWF Group plc, the specialist agricultural and distribution business, announces the following award has 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 160,870 ordinary shares of 25 pence each of the Company ("Shares") at a price of 172.5 pence per Share, being the mid-market price at the close of business on 11 August 2016. 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 2019 increases by RPI plus 3% per annum then 48,261 Shares will be issued under the Plan; and

2. the maximum of 160,870 Shares will be issued if the reported headline basic earnings per share increases by RPI plus 10% per annum for the three financial years ending 31 May 2019.

Following the award, Richard Whiting will be interested in 498,428 conditional awards over Shares.

Rob Andrew, Group Company Secretary of NWF, will receive an award of a conditional right over a maximum of 72,464 Shares at a price of 172.5 pence per Share, being the mid-market price at the close of business on 11 August 2016. 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 2019 increases by RPI plus 3% per annum then 21,739 Shares will be issued under the Plan; and

2. the maximum of 72,464 Shares will be issued if the reported headline basic earnings per share increases by RPI plus 10% per annum for the three financial years ending 31 May 2019.

Following the award, Rob Andrew will be interested in 224,329 conditional awards over Shares.

The Company announces that it has issued and allotted 116,139 Shares, in respect of awards made under the Plan. Following the satisfaction of performance conditions 65,611 Shares were allotted to Richard Whiting who has an interest of 376,378 Shares representing 0.77% of the issued share capital of the Company. 30,732 Shares were allotted to Brendon Banner who has an interest in 43,232 Shares representing 0.09% of the issued share capital of the Company. 19,796 Shares were allotted to Rob Andrew.

On 10 August 2016, Rob Andrew notified the Company that on 10 August 2016 he sold 19,800 Shares at a price of 170 pence per Share. Rob Andrew has an interest in 70,364 Shares in the Company representing 0.14% of the issued share capital of the Company.

Application has been made for the 116,139 new Shares to be admitted to trading on AIM ("Admission"). Admission is expected to take place at 8.00 am on 15 August 2016.

Following Admission NWF's total issued share capital will be 48,644,620 Shares. There are no shares held in treasury.

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.

Enquiries:

 
Rob Andrew                  Reg Hoare / Andrew Leach    Justin Jones / Mike Bell 
 Group Company Secretary     MHP Communications          Peel Hunt LLP 
 NWF Group plc               Tel: 0203 128 8100          (Nominated Adviser) 
 Tel: 01829 260 260                                      Tel: 020 7418 8900 
 

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------------------------- 
 a.   Name                            Richard Antony Whiting 
---  ------------------------------  -------------------------------------------- 
 2.   Reason for the notification 
---  ---------------------------------------------------------------------------- 
 a.   Position/status                 CEO 
---  ------------------------------  -------------------------------------------- 
 b.   Initial notification            Initial 
       /Amendment 
---  ------------------------------  -------------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------------------------- 
 a.   Name                            NWF Group plc 
---  ------------------------------  -------------------------------------------- 
 b.   LEI                             213800ARRZNN1WVZ9M70 
---  ------------------------------  -------------------------------------------- 
 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                           NWF Group plc 25p Ordinary Shares 
       Financial 
       instrument, 
       type 
       of instrument 
       Identification 
       code 
---  ------------------------------  -------------------------------------------- 
 b.   Nature of 
       the transaction                  Issue of awards under Company Share 
                                        Performance Plan 
---  ------------------------------  -------------------------------------------- 
 c.   Price(s)                          Price(s)    Volume(s) 
       and volume(s)                    ----------  ---------- 
                                         Nil         65,611 
                                        ----------  ---------- 
---  ------------------------------  -------------------------------------------- 
 d.        Aggregated 
            information 
             *    Aggregated volume                65,611 Ordinary Shares awarded 
                                                   on 10 August 2016 at nil cost 
 
             *    Price 
---  ------------------------------  -------------------------------------------- 
 e.   Date of the                     10 August 2016 
       transaction 
---  ------------------------------  -------------------------------------------- 
 f.   Place of                        London Stock Exchange AIM 
       the transaction 
---  ------------------------------  -------------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

 
 5.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------------------------- 
 a.   Name                            Brendon James Banner 
---  ------------------------------  -------------------------------------------- 
 6.   Reason for the notification 
---  ---------------------------------------------------------------------------- 
 a.   Position/status                 Finance Director 
---  ------------------------------  -------------------------------------------- 
 b.   Initial notification            Initial 
       /Amendment 
---  ------------------------------  -------------------------------------------- 
 7.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------------------------- 
 a.   Name                            NWF Group plc 
---  ------------------------------  -------------------------------------------- 
 b.   LEI                             213800ARRZNN1WVZ9M70 
---  ------------------------------  -------------------------------------------- 
 8.   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                           NWF Group plc 25p Ordinary Shares 
       Financial 
       instrument, 
       type 
       of instrument 
       Identification 
       code 
---  ------------------------------  -------------------------------------------- 
 b.   Nature of 
       the transaction                  Issue of awards under Company Share 
                                        Performance Plan 
---  ------------------------------  -------------------------------------------- 
 c.   Price(s)                          Price(s)    Volume(s) 
       and volume(s)                    ----------  ---------- 
                                         Nil         30,732 
                                        ----------  ---------- 
---  ------------------------------  -------------------------------------------- 
 d.        Aggregated 
            information 
             *    Aggregated volume 
                                                   30,732 Ordinary Shares awarded 
                                                   on 10 August 2016 at nil cost 
             *    Price 
---  ------------------------------  -------------------------------------------- 
 e.   Date of the                     10 August 2016 
       transaction 
---  ------------------------------  -------------------------------------------- 
 f.   Place of                        London Stock Exchange AIM 
       the transaction 
---  ------------------------------  -------------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

 
 9.    Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------------------ 
 a.    Name                            Stephen Robert Andrew 
----  ------------------------------  ---------------------------------------------- 
 10.   Reason for the notification 
----  ------------------------------------------------------------------------------ 
 a.    Position/status                 Company Secretary 
----  ------------------------------  ---------------------------------------------- 
 b.    Initial notification            Initial 
        /Amendment 
----  ------------------------------  ---------------------------------------------- 
 11.   Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------------------ 
 a.    Name                            NWF Group plc 
----  ------------------------------  ---------------------------------------------- 
 b.    LEI                             213800ARRZNN1WVZ9M70 
----  ------------------------------  ---------------------------------------------- 
 12.   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                           NWF Group plc 25p Ordinary Shares 
        Financial 
        instrument, 
        type 
        of instrument 
        Identification 
        code 
----  ------------------------------  ---------------------------------------------- 
 b.    Nature of 
        the transactions                 Disposal of Ordinary Shares and 
                                         issue of awards under Company Share 
                                         Performance Plan and disposal of 
                                         Ordinary Shares 
----  ------------------------------  ---------------------------------------------- 
 c.    Price(s)                          Price(s)   Volume(s) 
        and volume(s)                    ---------  ---------- 
                                          170p       19,800 
                                         ---------  ---------- 
                                          Nil        19,796 
                                         ---------  ---------- 
----  ------------------------------  ---------------------------------------------- 
 d.         Aggregated 
             information 
              *    Aggregated volume                19,800 Ordinary Shares sold on 
                                                    10 August 2016 at 170p pence per 
                                                    share 
              *    Price                            19,796 Ordinary Shares awarded 
                                                    on 10 August 2016 at nil cost 
----  ------------------------------  ---------------------------------------------- 
 e.    Date of the                     10 August 2016 
        transactions 
----  ------------------------------  ---------------------------------------------- 
 f.    Place of                        London Stock Exchange, Main Market 
        the transactions                AIM 
----  ------------------------------  ---------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHEAKPFFDDKEFF

(END) Dow Jones Newswires

August 12, 2016 02:00 ET (06:00 GMT)

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