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NWF Group PLC

NWF Group PLC - Issue of Equity

RNS Number : 0751I
NWF Group PLC
10 August 2021
 

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)

 

 

 

 

 

 

 

Price(s)

Volume(s)

 

Nil

44,032

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

n/a

 

 

- Price

 

- Total

 

 

 

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)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

Price(s)

Volume(s)

 

204p

44,032

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

n/a

 

 

- Price

 

- Total

 

 

 

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)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

Price(s)

Volume(s)

 

Nil

26,457

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

n/a

 

 

- Price

 

- Total

 

 

 

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)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

Price(s)

Volume(s)

 

Nil

19,852

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

n/a

 

 

- Price

 

- Total

 

 

 

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)

 

 

 

 

 

 

 

Price(s)

Volume(s)

 

Nil

20,498

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

n/a

 

 

- Price

 

- Total

 

 

 

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)

 

 

 

 

 

 

 

Price(s)

Volume(s)

 

Nil

19,359

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

n/a

 

 

- Price

 

- Total

 

 

 

e)

 

Date of the transaction

 

6 August 2021

f)

 

Place of the transaction

 

Outside of a trading venue

 

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