Business
Award of Options and Issue of Equity
Award of Options and Issue of Equity.
About this update from Nwf Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 0002V\n NWF Group PLC\n 04 August 2020\n \n \n \n \n NWF Group plc\n \n \n \n NWF Group plc ('NWF', 'the Group' or 'the Company')\n \n \n \n \n Award of Options and Issue of Equity under Company Performance Share Plan \n \n \n \n \n \n NWF Group plc, the specialist distributor of fuel, food and feed across the UK, announces the following awards have been approved under the terms of the established NWF Company Performance Share Plan (the \"Plan\").\n \n \n \n \n \n Richard Whiting, Chief Executive of NWF, will receive an award of a conditional right over a maximum of 147,927\n \n ordinary shares of 25 pence each of the Company (\"Shares\") at a price of 205\n \n 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:\n \n \n \n \n \n 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 44,378\n \n Shares will be issued under the Plan; and \n \n \n \n \n \n 2. the maximum of 147,927\n \n 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.\n \n \n \n \n \n Following the award, Richard Whiting will be interested in 473,828 conditional awards over Shares.\n \n \n \n \n \n Chris Belsham, Group Finance Director of NWF, will receive an award of a conditional right over a maximum of 88,902\n \n 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:\n \n \n \n \n \n 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 26,671\n \n Shares will be issued under the Plan; and \n \n \n \n \n \n 2. the maximum of 88,902\n \n 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.\n \n \n \n \n \n Following the award, Chris Belsham will be interested in 284,720...