Wynnstay Group PLC Grant of Options (7403A)
23 Enero 2020 - 4:59AM
UK Regulatory
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
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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
------------------------------------------------------- ------------------------------------------------------
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END
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