National World PLC Additional Listing (7131X)
27 Abril 2023 - 4:57AM
UK Regulatory
TIDMNWOR
RNS Number : 7131X
National World PLC
27 April 2023
27 April 2023
National World plc
("National World" or the "Company")
Block Listing Application
National World (NWOR.LSE) announces that an application has been
made to the London Stock Exchange for 12,663,363 ordinary shares of
0.1 pence each in Company (the "New Ordinary Shares") to be
admitted to the Official List of the UK Listing Authority under a
block listing (the "Block Listing").
The Block Listing application relates to New Ordinary Shares to
be issued from time to time to satisfy the allotment of shares
pursuant to the Company's 2019 Value Creation Plan ("VCP"). As
announced previously the VCP was put in place on Admission in
September 2019 to support the delivery of the Company's strategy,
to retain the lead executives and reward them for driving its
successful delivery. The overall effect of the VCP was that the
participants together were able to earn Ordinary Shares equivalent
in value to 10% of any equity value created above an 8% compound
annual growth rate based on the measurement of absolute total
shareholder return generated over the VCP performance period. The
share testing period for the VCP ended on 14 April 2023.
The Block Listing is expected to become effective on 3 May 2023.
When issued, the New Ordinary Shares will rank pari passu with the
Company's existing issued ordinary shares.
For further information, please contact:
National World plc
Douglas Easton
c/o Montfort Communications
Montfort Communications
Olly Scott
+44 (0)78 1234 5205
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END
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(END) Dow Jones Newswires
April 27, 2023 05:57 ET (09:57 GMT)
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