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WYN Wynnstay Group Plc

350.00
2.50 (0.72%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wynnstay Group Plc LSE:WYN London Ordinary Share GB0034212331 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.50 0.72% 350.00 340.00 360.00 350.00 347.50 347.50 49,427 15:04:42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Farm Management Services 735.88M 6.93M 0.3018 11.60 80.34M

Wynnstay Group PLC Grant of Options (7403A)

23/01/2020 10:59am

UK Regulatory


Wynnstay (LSE:WYN)
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From Apr 2019 to Apr 2024

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TIDMWYN

RNS Number : 7403A

Wynnstay Group PLC

23 January 2020

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:

 
                                                Maximum number 
   Name                       Title             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       T: 1691 827 
                         Executive                  142 
                         Paul Roberts, Finance 
                         Director 
 
 KTZ Communications     Katie Tzouliadis / Dan     T: 020 3178 
                         Mahoney                    6378 
 Shore Capital (Nomad   Stephane Auton / Patrick   T: 020 7408 
  and Broker)            Castle / John More         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         Ordinary shares of 25 pence each in the Company 
        instrument                                               ("Ordinary Shares") 
 
        Identification code                                      GB0034212331 
       -------------------------------------------------------  ------------------------------------------------------ 
 b)     Nature of the transaction                                Award of Options under the Company's Performance 
                                                                 Share Plan 
       -------------------------------------------------------  ------------------------------------------------------ 
                                                                   Price(s)   Volume(s) 
 
                                                                     Nil        27,896 Ordinary 
   c)     Price(s) and volume(s)                                                Shares 
                                                                              ----------------- 
       -------------------------------------------------------  ------------------------------------------------------ 
 d)     Aggregated information                                   N/A single transaction 
 
 
         - Aggregated volume 
 
 
         - Price 
       -------------------------------------------------------  ------------------------------------------------------ 
 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         Ordinary shares of 25 pence each in the Company 
        instrument                                               ("Ordinary Shares") 
 
        Identification code                                      GB0034212331 
       -------------------------------------------------------  ------------------------------------------------------ 
 b)     Nature of the transaction                                Award of Options under the Company's Performance 
                                                                 Share Plan 
       -------------------------------------------------------  ------------------------------------------------------ 
                                                                   Price(s)   Volume(s) 
 
                                                                     Nil        22,318 Ordinary 
   c)     Price(s) and volume(s)                                                Shares 
                                                                              ----------------- 
       -------------------------------------------------------  ------------------------------------------------------ 
 d)     Aggregated information                                   N/A single transaction 
 
 
         - Aggregated volume 
 
 
         - Price 
       -------------------------------------------------------  ------------------------------------------------------ 
 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         Ordinary shares of 25 pence each in the Company 
        instrument                                               ("Ordinary Shares") 
 
        Identification code                                      GB0034212331 
       -------------------------------------------------------  ------------------------------------------------------ 
 b)     Nature of the transaction                                Award of Options under the Company's Performance 
                                                                 Share Plan 
       -------------------------------------------------------  ------------------------------------------------------ 
                                                                   Price(s)   Volume(s) 
 
                                                                     Nil        20,226 Ordinary 
   c)     Price(s) and volume(s)                                                Shares 
                                                                              ----------------- 
       -------------------------------------------------------  ------------------------------------------------------ 
 d)     Aggregated information                                   N/A single transaction 
 
 
         - Aggregated volume 
 
 
         - Price 
       -------------------------------------------------------  ------------------------------------------------------ 
 e)     Date of the transaction                                  23/01/2020 
       -------------------------------------------------------  ------------------------------------------------------ 
 f)     Place of the transaction                                 Outside a trading venue 
       -------------------------------------------------------  ------------------------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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January 23, 2020 05:59 ET (10:59 GMT)

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