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