TIDMNWF

RNS Number : 8673W

NWF Group PLC

21 August 2020

NWF Gr oup plc

F o r release: 21 August 2020

NWF Group plc ('NWF' or the 'Group')

NWF G roup p lc: Di r ector/PDMR Sha r e holding

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 furt her i nfo r mati on  p le a se v isit   w w w . n w f .co . u k o r  c o nta ct: 

Rob Andre w, Com p any Sec r e t ary

NWF Group plc

T el : 018 29 2 60 2 60

Reg Hoare / James Bavister

M HP Commu nications

T el : 0203 128 81 00

M ik e Bell / Ed Allsopp

Peel Hunt LLP

(Nomi n ated A d v iser) T el: 02 07 418 89 00

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

 
  1.    De t a il s of t he p e r son di s cha rgi ng mana g e r i 
         al r esp o ns i b iliti es / pe r son c lo se ly as s oc i 
         a t ed 
 a.     Na m e                                      Andrew Downie 
                                                   --------------------------------------------------------- 
 2.     Reaso n f or t he no tifi ca tion 
 a.     Po siti on /st                              Managing Director of NWF Agriculture 
         a t us 
                                                   --------------------------------------------------------- 
 b.     I n i t ia l no                             I n i t ia l 
         tific a ti on 
         / A m end m en 
         t 
       ------------------------------------------  --------------------------------------------------------- 
 3.     De t a il s of t he i ss u e r, emi ss i on a ll o w ance 
         m a r ket p a rti c i pan t, auc ti on p l a tf o rm, auc tion 
         eer or a u c tion mo n it or 
  a.    Na m e                                      N W F G r oup p lc 
                                                   --------------------------------------------------------- 
  b.    LE I                                        21 3 8 0 0AR R ZN N 1 W VZ9M70 
       ------------------------------------------  --------------------------------------------------------- 
 4.     De t a il s of t he tr an s ac ti on ( s ): sec ti on to be 
         r ep e a t ed f or (i) each t y pe of i ns trume n t; (ii) 
         each t y pe of tr an s ac ti on; (ii i) each da t e; and (iv) 
         each p lace w h e re tr an sa c tio ns h a ve b een c on d 
         uc t ed 
 a.     De scri p ti o 
         n of t he F i 
         nan c ial i n                                O r d i na r y s ha r es of 25p in the C o m 
         s t r u m en t,                              pa ny 
         t y pe of i n 
         str u m ent 
         I den t ific a 
         ti o n c ode                                 GB00 065 23 608 
                                                   --------------------------------------------------------- 
 b.     Na t u r e of 
         t he tr an s a 
         ction                                        Award of options under the Company's Performance 
                                                      Share Plan 
       ------------------------------------------  --------------------------------------------------------- 
 
 c.     P ric e ( s )                                P ric e ( s                   Vo l u m e 
         and v ol u m e                               )                             ( s ) 
         (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        n/a (single transaction) 
 
 
               -- P ric e 
       ------------------------------------------  --------------------------------------------------------- 
 e.     Da t e of t he                              12 August 2020 
         tr an s a ction 
       ------------------------------------------  --------------------------------------------------------- 
 f.     P l a c e of t 
         he tr an s a ction                           Outside a trading venue 
       ------------------------------------------  --------------------------------------------------------- 
 
 
  1.    De t a il s of t he p e r son di s cha rgi ng mana g e r i 
         al r esp o ns i b iliti es / pe r son c lo se ly as s oc i 
         a t ed 
 a.     Na m e                                      Tina Downie 
                                                   ------------------------------------------------------- 
 2.     Reaso n f or t he no tifi ca tion 
 a.     Po siti on /st                              PCA of PDMR - wife of Andrew Downie 
         a t us 
                                                   ------------------------------------------------------- 
 b.     I n i t ia l no                             I n i t ia l 
         tific a ti on 
         / A m end m en 
         t 
       ------------------------------------------  ------------------------------------------------------- 
 3.     De t a il s of t he i ss u e r, emi ss i on a ll o w ance 
         m a r ket p a rti c i pan t, auc ti on p l a tf o rm, auc tion 
         eer or a u c tion mo n it or 
  a.    Na m e                                      N W F G r oup p lc 
                                                   ------------------------------------------------------- 
  b.    LE I                                        21 3 8 0 0AR R ZN N 1 W VZ9M70 
       ------------------------------------------  ------------------------------------------------------- 
 4.     De t a il s of t he tr an s ac ti on ( s ): sec ti on to be 
         r ep e a t ed f or (i) each t y pe of i ns trume n t; (ii) 
         each t y pe of tr an s ac ti on; (ii i) each da t e; and (iv) 
         each p lace w h e re tr an sa c tio ns h a ve b een c on d 
         uc t ed 
 a.     De scri p ti o 
         n of t he F i 
         nan c ial i n                                O r d i na r y s ha r es of 25p in the C o m 
         s t r u m en t,                              pa ny 
         t y pe of i n 
         str u m ent 
         I den t ific a 
         ti o n c ode                                 GB00 065 23 608 
                                                   ------------------------------------------------------- 
 b.     Na t u r e of 
         t he tr an s a 
         ction                                        Issue of shares under the Company's Performance 
                                                      Share Plan 
       ------------------------------------------  ------------------------------------------------------- 
 
 c.     P ric e ( s )                                P ric e ( s                  Vo l u m e 
         and v ol u m e                               )                            ( s ) 
         (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        n/a (single transaction) 
 
 
               -- P ric e 
       ------------------------------------------  ------------------------------------------------------- 
 e.     Da t e of t he                              12 August 2020 
         tr an s a ction 
       ------------------------------------------  ------------------------------------------------------- 
 f.     P l a c e of t 
         he tr an s a ction                           Outside a trading venue 
       ------------------------------------------  ------------------------------------------------------- 
 
 
  1.    De t a il s of t he p e r son di s cha rgi ng mana g e r i 
         al r esp o ns i b iliti es / pe r son c lo se ly as s oc i 
         a t ed 
 a.     Na m e                                      Richard Huxley 
                                                   --------------------------------------------------------- 
 2.     Reaso n f or t he no tifi ca tion 
 a.     Po siti on /st                              Managing Director of NWF Fuels 
         a t us 
                                                   --------------------------------------------------------- 
 b.     I n i t ia l no                             I n i t ia l 
         tific a ti on 
         / A m end m en 
         t 
       ------------------------------------------  --------------------------------------------------------- 
 3.     De t a il s of t he i ss u e r, emi ss i on a ll o w ance 
         m a r ket p a rti c i pan t, auc ti on p l a tf o rm, auc tion 
         eer or a u c tion mo n it or 
  a.    Na m e                                      N W F G r oup p lc 
                                                   --------------------------------------------------------- 
  b.    LE I                                        21 3 8 0 0AR R ZN N 1 W VZ9M70 
       ------------------------------------------  --------------------------------------------------------- 
 4.     De t a il s of t he tr an s ac ti on ( s ): sec ti on to be 
         r ep e a t ed f or (i) each t y pe of i ns trume n t; (ii) 
         each t y pe of tr an s ac ti on; (ii i) each da t e; and (iv) 
         each p lace w h e re tr an sa c tio ns h a ve b een c on d 
         uc t ed 
 a.     De scri p ti o 
         n of t he F i 
         nan c ial i n                                O r d i na r y s ha r es of 25p in the C o m 
         s t r u m en t,                              pa ny 
         t y pe of i n 
         str u m ent 
         I den t ific a 
         ti o n c ode                                 GB00 065 23 608 
                                                   --------------------------------------------------------- 
 b.     Na t u r e of 
         t he tr an s a 
         ction                                        Award of options under the Company's Performance 
                                                      Share Plan 
       ------------------------------------------  --------------------------------------------------------- 
 
 c.     P ric e ( s )                                P ric e ( s                   Vo l u m e 
         and v ol u m e                               )                             ( s ) 
         (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        n/a (single transaction) 
 
 
               -- P ric e 
       ------------------------------------------  --------------------------------------------------------- 
 e.     Da t e of t he                              12 August 2020 
         tr an s a ction 
       ------------------------------------------  --------------------------------------------------------- 
 f.     P l a c e of t 
         he tr an s a ction                           Outside a trading venue 
       ------------------------------------------  --------------------------------------------------------- 
 

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

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August 21, 2020 08:33 ET (12:33 GMT)

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