NWF Group PLC Award of Options and Issue of Equity (1097H)
30 Julio 2019 - 1:02AM
UK Regulatory
TIDMNWF
RNS Number : 1097H
NWF Group PLC
30 July 2019
NWF Group plc
For Release 30(th) July 2019
NWF Group plc ('NWF', 'the Group' or 'the Company')
Award of Options and Issue of Equity under Company Performance
Share Plan
NWF Group plc, the Fuels, Food and Feed specialist distribution
business, announces the following awards have been approved under
the terms of the established NWF Company Performance Share Plan
(the "Plan").
Richard Whiting, Chief Executive of NWF, will receive an award
of a conditional right over a maximum of 179,066 ordinary shares of
25 pence each of the Company ("Shares") at a price of 166.00 pence
per Share, being the mid-market price at the close of business on
29 July 2019. 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 2022 increases by RPI plus 2%
per annum then 53,720 Shares will be issued under the Plan; and
2. the maximum of 179,066 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 2022.
Following the award, Richard Whiting will be interested in
517,765 conditional awards over Shares.
Chris Belsham, Group Finance Director of NWF, will receive an
award of a conditional right over a maximum of 107,590 ordinary
shares of 25 pence each of the Company ("Shares") at a price of
166.00 pence per Share, being the mid-market price at the close of
business on 29 July 2019. 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 2022 increases by RPI plus 2%
per annum then 32,277 Shares will be issued under the Plan; and
2. the maximum of 107,590 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 2022.
Following the award, Chris Belsham will be interested in 311,072
conditional awards over Shares.
Rob Andrew, Group Company Secretary of NWF, will receive an
award of a conditional right over a maximum of 80,723 Shares at a
price of 166.00 pence per Share, being the mid-market price at the
close of business on 29 July 2019. 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 2022 increases by RPI plus 2%
per annum then 24,217 Shares will be issued under the Plan; and
2. the maximum of 80,723 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 2022.
Following the award, Rob Andrew will be interested in 233,367
conditional awards over Shares.
The Plan was established for the purpose of incentivising and
retaining the Company's eligible executive management. Shares
awarded under the Plan are subject to a performance criteria that
requires NWF to meet a minimum reported basic earnings per share
target over a three year period. The Remuneration Committee has
responsibility for determining the award of Shares and the
performance targets under the Plan.
Rob Andrew Reg Hoare / Patrick Mike Bell / Ed Allsopp
Hanrahan
Group Company Secretary MHP Communications Peel Hunt LLP
NWF Group plc Tel: 020 3128 8100 (Nominated Adviser)
Tel: 01829 260 260 Tel: 020 7418 8900
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
MSCRLMLTMBATBBL
(END) Dow Jones Newswires
July 30, 2019 02:02 ET (06:02 GMT)
Nwf (LSE:NWF)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Nwf (LSE:NWF)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024