Last checked at 10 Aug 2021 07:00
NWF Group plc
For release on 10 August 2021
NWF Group plc ('NWF', the 'Group' or the 'Company')
Issue of Equity under Company Performance Share Plan
NWF Group plc, the specialist distributor of fuel, food and feed across the UK, announces it has issued 130,198 ordinary shares of 25 pence each ("Ordinary Shares") pursuant to awards previously made under the NWF Company Performance Share Plan (the "Plan"), following the satisfaction of certain performance conditions.
The Company has also been notified that Richard Whiting, Chief Executive, sold 44,032 Ordinary Shares.
The table below sets out the allocation of the awards, together with the resulting holdings of the PDMRs following Admission, taking into account the effect of Richard's transaction:
Director / PDMR | Number of awards | Number of Ordinary Shares sold | Resulting interest in Ordinary Shares | Resulting percentage of Ordinary Shares |
Richard Whiting | 44,032 | 44,032 | 412,455 | 0.84% |
Chris Belsham | 26,457 |
| 107,167 | 0.22% |
Rob Andrew | 19,852 |
| 137,519 | 0.28% |
Richard Huxley | 20,498 |
| 20,498 | 0.04% |
Andrew Downie | 19,359 |
| 64,297 | 0.13% |
Issue of equity and total voting rights
Application has been made for the 130,198 new Shares to be admitted to trading on AIM ("Admission"). Admission is expected to take place at 8.00 a.m. on 11 August 2021.
In accordance with the FCA's Disclosure Guidance and Transparency Rules (DTR 5.6.1) the Company notifies that following Admission, its issued share capital will consist of 49,134,163 Shares. There are no shares held in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Rob Andrew | Reg Hoare/James Bavister | Mike Bell/Ed Allsopp |
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 |
The below notification made in accordance with the requirements of the EU Market Abuse Regulation provides further detail:
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Richard Whiting | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Chief Executive | ||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | NWF Group plc | ||||||||
b) | LEI | 213800ARRZNN1WVZ9M70 | ||||||||
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 instrument |
Shares in NWF Group plc | ||||||||
Identification code | GB0006523608 | |||||||||
b) | Nature of the transaction | Issue of shares under the Company's Performance Share Plan | ||||||||
c)
| Price(s) and volume(s) |
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d)
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- Aggregated volume | n/a | |||||||||
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e)
| Date of the transaction
| 6 August 2021 | ||||||||
f)
| Place of the transaction
| Outside of a trading venue | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Richard Whiting | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Chief Executive | ||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | NWF Group plc | ||||||||
b) | LEI | 213800ARRZNN1WVZ9M70 | ||||||||
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 instrument |
Shares in NWF Group plc | ||||||||
Identification code | GB0006523608 | |||||||||
b) | Nature of the transaction | Sale of Ordinary Shares | ||||||||
c)
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d)
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- Aggregated volume | n/a | |||||||||
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e)
| Date of the transaction
| 9 August 2021 | ||||||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Chris Belsham | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Group Finance Director | ||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | NWF Group plc | ||||||||
b) | LEI | 213800ARRZNN1WVZ9M70 | ||||||||
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 instrument |
Shares in NWF Group plc | ||||||||
Identification code | GB0006523608 | |||||||||
b) | Nature of the transaction | Issue of shares under the Company's Performance Share Plan | ||||||||
c)
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d)
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- Aggregated volume | n/a | |||||||||
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e)
| Date of the transaction
| 6 August 2021 | ||||||||
f)
| Place of the transaction
| Outside of a trading venue | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Rob Andrew | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Group Company Secretary | ||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | NWF Group plc | ||||||||
b) | LEI | 213800ARRZNN1WVZ9M70 | ||||||||
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 instrument | Shares in NWF Group plc | ||||||||
Identification code | GB0006523608 | |||||||||
b) | Nature of the transaction | Issue of shares under the Company's Performance Share Plan | ||||||||
c)
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d)
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- Aggregated volume | n/a | |||||||||
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e)
| Date of the transaction
| 6 August 2021 | ||||||||
f)
| Place of the transaction
| Outside of a trading venue | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Richard Huxley | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Managing Director Fuels | ||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | NWF Group plc | ||||||||
b) | LEI | 213800ARRZNN1WVZ9M70 | ||||||||
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 instrument | Shares in NWF Group plc | ||||||||
Identification code | GB0006523608 | |||||||||
b) | Nature of the transaction | Issue of shares under the Company's Performance Share Plan | ||||||||
c)
| Price(s) and volume(s) |
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d)
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- Aggregated volume | n/a | |||||||||
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e)
| Date of the transaction
| 6 August 2021 | ||||||||
f)
| Place of the transaction
| Outside of a trading venue | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Andrew Downie | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Managing Director Feeds | ||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | NWF Group plc | ||||||||
b) | LEI | 213800ARRZNN1WVZ9M70 | ||||||||
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 instrument | Shares in NWF Group plc | ||||||||
Identification code | GB0006523608 | |||||||||
b) | Nature of the transaction | Issue of shares under the Company's Performance Share Plan | ||||||||
c)
| Price(s) and volume(s) |
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d)
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- Aggregated volume | n/a | |||||||||
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- Price
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e)
| Date of the transaction
| 6 August 2021 | ||||||||
f)
| Place of the transaction
| Outside of a trading venue | ||||||||