Director/PDMR Shareholding

RNS Number : 8673W

NWF Group PLC

21 August 2020

 

NWF Group plc

F o r release: 21 August 2020

NWF Group plc ('NWF' or the 'Group')

NWF Group plc: Director/PDMR Shareholding

Further to the announcement of 4 August, Andrew Downie, Managing Director of NWF Agriculture, and Richard Huxley, Managing Director of NWF Fuels, were also subject to the awards approved under the terms of the established NWF Company Performance Share Plan (the "Plan").

Andrew Downie received an award of a conditional right over a maximum of 64,756   ordinary shares of 25 pence each of the Company ("Shares") at a price of 205   pence per Share, being the mid-market price at the close of business on 3 August 2020. 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 2023 increases by RPI plus 2% per annum then 19,427   Shares will be issued under the Plan; and

2.  the maximum of 64,756   Shares will be issued if the reported headline basic earnings per share increases by RPI plus 8% per annum for the three financial years ending 31 May 2023.

Following the award, Andrew Downie will be interested in 207,656 conditional awards over Shares.

Richard Huxley received an award of a conditional right over a maximum of 68,872 Shares at a price of 205   pence per Share, being the mid-market price at the close of business on 3 August 2020. 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 2023 increases by RPI plus 2% per annum then 20,662   Shares will be issued under the Plan; and

2.  the maximum of 68,872   Shares will be issued if the reported headline basic earnings per share increases by RPI plus 8% per annum for the three financial years ending 31 May 2023.

Following the award, Richard Huxley will be interested in 220,584 conditional awards over Shares.

PCA Shareholding

As announced on 4 August 2020, the Company issued 253,525 Shares in respect of awards previously made under the Plan. Following the satisfaction of performance conditions, 44,938 Shares were issued to Andrew Downie (via his wife), who will then have an interest of 44,938 Shares representing 0.09% of the issued share capital of the Company.

For further information please visit   w w w . n w f .co . u k o r contact:
 

Rob Andrew, Company Secretary

NWF Group plc

T el : 01829 260 260

Reg Hoare / James Bavister

M HP Communications

T el : 0203 128 8100

M ik e Bell / Ed Allsopp

Peel Hunt LLP

(Nominated Adviser) Tel: [phone]

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

1.	De t a il softhepersondischargingmanagerialresponsibilities/personcloselyassociated
a.	Na m e	Andrew Downie
2.	Reaso nforthe notification
a.	Po siti on /st a t us	Managing Director of NWF Agriculture
b.	I n i t ia lnotification / A m end m en t	I n i t ia l
3.	De t a il softheissuer,emissionallowancemarketparticipant,auctionplatform,auctioneeror auctionmonitor
a.	Na m e	N WFGroupplc
b.	LE I	21 3 8 0 0AR R ZN N 1 WVZ9M70
4.	De t a il softhetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;(ii)eachtypeof transaction;(iii) eachdate;and(iv) eachplace wheretransactionshave beenconducted
a.	De scri p ti o nofthe Financialinstrument,type ofinstrument I den t ific a ti o ncode	O r d i na r ysharesof25pintheCompany GB00 065 23 608
b.	Na t u r e   of   the transaction	Award of options under the Company's Performance Share Plan
c.	P ric e ( s )   and volume(s)
			P ric e ( s )	Vo l u m e ( s )
			Nil	64,756
d.	Agg re ga t ed i n f o r m a t i on •   Agg re ga t ed v o lu m e •   P ric e	n/a (single transaction)
e.	Da t eof the transaction	12 August 2020
f.	P l a c e   of   the transaction	Outside a trading venue

1.	De t a il softhepersondischargingmanagerialresponsibilities/personcloselyassociated
a.	Na m e	Tina Downie
2.	Reaso nforthe notification
a.	Po siti on /st a t us	PCA of PDMR - wife of Andrew Downie
b.	I n i t ia lnotification / A m end m en t	I n i t ia l
3.	De t a il softheissuer,emissionallowancemarketparticipant,auctionplatform,auctioneeror auctionmonitor
a.	Na m e	N WFGroupplc
b.	LE I	21 3 8 0 0AR R ZN N 1 WVZ9M70
4.	De t a il softhetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;(ii)eachtypeof transaction;(iii) eachdate;and(iv) eachplace wheretransactionshave beenconducted
a.	De scri p ti o nofthe Financialinstrument,type ofinstrument I den t ific a ti o ncode	O r d i na r ysharesof25pintheCompany GB00 065 23 608
b.	Na t u r e   of   the transaction	Issue of shares under the Company's Performance Share Plan
c.	P ric e ( s )   and volume(s)
			P ric e ( s )	Vo l u m e ( s )
			0 p	44,938
d.	Agg re ga t ed i n f o r m a t i on •   Agg re ga t ed v o lu m e •   P ric e	n/a (single transaction)
e.	Da t eof the transaction	12 August 2020
f.	P l a c e   of   the transaction	Outside a trading venue

1.	De t a il softhepersondischargingmanagerialresponsibilities/personcloselyassociated
a.	Na m e	Richard Huxley
2.	Reaso nforthe notification
a.	Po siti on /st a t us	Managing Director of NWF Fuels
b.	I n i t ia lnotification / A m end m en t	I n i t ia l
3.	De t a il softheissuer,emissionallowancemarketparticipant,auctionplatform,auctioneeror auctionmonitor
a.	Na m e	N WFGroupplc
b.	LE I	21 3 8 0 0AR R ZN N 1 WVZ9M70
4.	De t a il softhetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;(ii)eachtypeof transaction;(iii) eachdate;and(iv) eachplace wheretransactionshave beenconducted
a.	De scri p ti o nofthe Financialinstrument,type ofinstrument I den t ific a ti o ncode	O r d i na r ysharesof25pintheCompany GB00 065 23 608
b.	Na t u r e   of   the transaction	Award of options under the Company's Performance Share Plan
c.	P ric e ( s )   and volume(s)
			P ric e ( s )	Vo l u m e ( s )
			Nil	68,872
d.	Agg re ga t ed i n f o r m a t i on •   Agg re ga t ed v o lu m e •   P ric e	n/a (single transaction)
e.	Da t eof the transaction	12 August 2020
f.	P l a c e   of   the transaction	Outside a trading venue

 

END

 

 

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