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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 |
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
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(END) Dow Jones Newswires
August 12, 2016 02:00 ET (06:00 GMT)
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