NWF Group PLC Issue of Equity and Director / PDMR Shareholding

RNS Number : 7717A

NWF Group PLC

16 August 2024

 

NWF Group plc   

 

NWF Group plc: Issue of Equity and Director / PDMR Shareholding

 

NWF Group plc ("NWF", the "Company" or the "Group"), the specialist distributor operating in UK markets today announces that it has issued and allotted 10,969 ordinary shares of 25 pence in the Company ("Ordinary Shares") in respect of a share award to Katie Shortland, Chief Financial Officer (the "Share Award").

 

In connection with Katie's appointment as a director of the Company, it had been agreed that she would be compensated for certain contractual arrangements forfeited from her previous employer, part satisfied through an issue of new Ordinary Shares.

 

Following the Share Award, Katie Shortland will be interested in 229,789 Ordinary Shares.

 

Application has been made to London Stock Exchange for the 10,969 new Ordinary Shares to be admitted to trading on AIM ("Admission").  The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares, and it is expected that Admission will become effective, and that dealings will commence in the new Ordinary Shares at 08.00 a.m. on 21 August 2024.

 

Total Voting Rights

 

In accordance with the FCA's Disclosure Guidance and Transparency Rules (DTR 5.6.1) the Company notifies that following Admission, its issued share capital will consist of 49,450,350 Ordinary Shares. There are no Ordinary Shares held in treasury.  Shareholders may therefore use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

For further information, please visit www.nwf.co.uk or contact:

Tom Harland, Group Company Secretary Reg Hoare/Catherine Chapman/ Clementina Esman  Mike Bell/Ed Allsopp NWF Group plc MHP Peel Hunt LLP (Nominated Adviser and Broker) Tel: [phone] Tel: [phone] Tel: [phone]

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	Katie Shortland
2.	Reason for the notification
a.	Position/status	Chief Financial Officer
b.	Initial notification /Amendment	Initial notification
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   GB0006523608
b.	Nature   of   the transaction	Share Award
c.	Price(s)      and volume(s)
			Price(s)	Volume(s)
			0p	10,969
d.	Aggregated information • Aggregated volume •    Price	n/a
e.	Date of the transaction	16 August 2024
f.	Place   of   the transaction	Outside of a trading venue

 

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