Wynnstay Group PLC Award of Options (7172W)
27 Abril 2021 - 3:29AM
UK Regulatory
TIDMWYN
RNS Number : 7172W
Wynnstay Group PLC
27 April 2021
27 April 2021
AIM: WYN
WYNNSTAY GROUP PLC
("Wynnstay" or "the Company")
Award of Options under the Company's Performance Share Plan
and Share Option 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 its
established plans, the Wynnstay Performance Share Plan ("PSP") and
the Wynnstay Group Approved Company Share Option Plan ("CSOP").
The PSP Options offer the recipients the entitlement to acquire
a maximum number of Ordinary Shares ("Award Shares") on or after 31
October 2023 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 2023. 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 PSP Award Shares over which Options have
been granted on 23 April 2021 amounts to 84,728, and included in
this grant were Options made to the following executive directors
and Company Secretary:
Maximum number
Name Title of Award Shares
Mr G.W. Davies Chief Executive Officer 17,819
------------------------- -----------------
Mr B.P. Roberts Finance Director 14,256
------------------------- -----------------
Mrs C.A. Williams Company Secretary 3,676
------------------------- -----------------
In addition, 186,000 Share Options were granted under the CSOP
to other employees of the Group on 23 April 2021 at an option price
of GBP4.625.
The Remuneration Committee has responsibility for determining
the award of Options and the performance targets under both
Plans.
Enquiries:
Wynnstay Group plc Gareth Davies, Chief T: 1691 827
Executive 142
Paul Roberts, Finance
Director
KTZ Communications Katie Tzouliadis / T: 020 3178
Dan 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 Initial notification
/Amendment
-------------------------- -------------------------------------
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 Ordinary shares of 25 pence each
financial instrument, in the Company ("Ordinary Shares")
type of instrument
GB0034212331
Identification code
-------------------------- -------------------------------------
b) Nature of the transaction Award of Options under the Company's
Performance Share Plan
-------------------------- -------------------------------------
Price(s) Volume(s)
Nil 17,819 Ordinary
c) Price(s) and volume(s) Shares
-----------------
-------------------------- -------------------------------------
d) Aggregated information N/A single transaction
- Aggregated volume
- Price
-------------------------- -------------------------------------
e) Date of the transaction 23/4/2021
-------------------------- -------------------------------------
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 Initial notification
/Amendment
-------------------------- -------------------------------------
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 Ordinary shares of 25 pence each
financial instrument, in the Company ("Ordinary Shares")
type of instrument
GB0034212331
Identification code
-------------------------- -------------------------------------
b) Nature of the transaction Award of Options under the Company's
Performance Share Plan
-------------------------- -------------------------------------
Price(s) Volume(s)
Nil 14,256 Ordinary
c) Price(s) and volume(s) Shares
-----------------
-------------------------- -------------------------------------
d) Aggregated information N/A single transaction
- Aggregated volume
- Price
-------------------------- -------------------------------------
e) Date of the transaction 23/04/2021
-------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Claire Alexander Williams
-------------------------- -------------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status Company Secretary
-------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------
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 Ordinary shares of 25 pence each
financial instrument, in the Company ("Ordinary Shares")
type of instrument
GB0034212331
Identification code
-------------------------- -------------------------------------
b) Nature of the transaction Award of Options under the Company's
Performance Share Plan
-------------------------- -------------------------------------
Price(s) Volume(s)
Nil 3,676 Ordinary
c) Price(s) and volume(s) Shares
----------------
-------------------------- -------------------------------------
d) Aggregated information N/A single transaction
- Aggregated volume
- Price
-------------------------- -------------------------------------
e) Date of the transaction 23/04/2021
-------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------
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END
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April 27, 2021 04:29 ET (08:29 GMT)
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