For release Tuesday 29 July 2025
NWF Group plc
NWF Group plc: Award of Options under Company Performance Share Plan
NWF Group plc ('NWF', the 'Company' or the Group), the specialist distributor operating in UK markets today announces the following awards have been approved under the terms of the established NWF Company Performance Share Plan (the 'Plan').
Chris Belsham, Chief Executive of NWF, will receive an award of a conditional right over a maximum of 237,766 ordinary shares of 25 pence each of the Company ('Shares') at a price of 170.00 pence per Share, being the mid-market price at the close of business on 28 July 2025. 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 2028 increases by RPI plus 2% per annum then 71,330 Shares will be issued under the Plan; and
2. the maximum of 237,766 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 2028.
Following the award, Chris Belsham will be interested in 545,791 conditional awards over Shares.
Katie Shortland, Chief Financial Officer of NWF, will receive an award of a conditional right over a maximum of 147,059 Shares at a price of 170.00 pence per Share, being the mid-market price at the close of business on 28 July 2025. 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 2028 increases by RPI plus 2% per annum 41,118 Shares will be issued under the Plan; and
2. the maximum of 147,059 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 2028.
Following the award, Katie Shortland will be interested in 365,879 conditional awards over Shares.
Dave Walmsley, Managing Director of NWF Fuels , will receive an award of a conditional right over a maximum of 97,166 Shares at a price of 170.00 pence per Share, being the mid-market price at the close of business on 28 July 2025. 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 2028 increases by RPI plus 2% per annum 29,150 Shares will be issued under the Plan; and
2. the maximum of 97,166 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 2028.
Following the award, Dave Walmsley will be interested in 251,116 conditional awards over Shares.
Tim Moran, Managing Director of Boughey Distribution , will receive an award of a conditional right over a maximum 167,647 Shares at a price of 170.00 pence per Share, being the mid-market price at the close of business on 28 July 2025. 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 2028 increases by RPI plus 2% per annum 50,294 Shares will be issued under the Plan; and
2. the maximum of 167,647 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 2028.
Following the award, Tim Moran will be interested in 167,647 conditional awards over Shares.
Rupert Phillips, Managing Director of NWF Agriculture , will receive an award of a conditional right over a maximum of 92,647 Shares at a price of 170.00 pence per Share, being the mid-market price at the close of business on 28 July 2025. 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 2028 increases by RPI plus 2% per annum 27,764 Shares will be issued under the Plan; and
2. the maximum of 92,647 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 2028.
Following the award, Rupert Phillips, will be interested in 92,647 conditional awards over Shares.
The Plan was established for the purpose of incentivising and retaining the Company's eligible executive management. Shares awarded under the Plan are subject to performance criteria that requires NWF to meet a minimum reported basic earnings per share target over a three-year period. The Remuneration Committee has responsibility for determining the award of Shares and the performance targets under the Plan. In the event of a recipient leaving during the three-year period to 31 May 2028, the circumstances surrounding the recipient leaving the Company would be assessed, and any award which subsequently vests would be pro-rated to reflect the recipient's actual period of employment.
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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 |
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| a. |
Na me |
Chris Belsham |
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| 2. |
Reaso n f or t he no tifi ca tion |
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| a. |
Po siti on /st a t us |
Chief Executive |
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| b. |
I n i t ial no tific a ti on / A m end m ent |
I n i t ial |
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| 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 |
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| a. |
Na me |
NW F G r oup p lc |
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| b. |
LEI |
21 3 8 0 0AR R ZN N 1W VZ9M70 |
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| 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 |
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| a. |
De scri p ti on of t he F i nan c ial i n s t r u m en t, t y pe of i n str u m ent I den t ific a ti on c ode |
O r d i na ry s ha r es of 25p in the C o m pa ny
GB00 065 23 608 |
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| b. |
Na t u re of t he tr an s a ction |
Award of options under the Company's Share Option Plan |
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| c. |
P ric e ( s) and v ol u m e (s) |
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| |
P ric e ( s) |
Vo l u m e ( s) |
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| 0p |
237,766 |
||||
| 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 • P ric e |
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| e. |
Da te of t he tr an s a ction |
29 July 2025 |
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| f. |
P l a ce of t he tr an s a ction |
Outside a trading venue |
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| 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 me |
Katie Shortland |
|||
| 2. |
Reaso n f or t he no tifi ca tion |
||||
| a. |
Po siti on /st a t us |
Chief Financial Officer |
|||
| b. |
I n i t ial no tific a ti on / A m end m ent |
I n i t ial |
|||
| 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 me |
NW F G r oup p lc |
|||
| b. |
LEI |
21 3 8 0 0AR R ZN N 1W 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 on of t he F i nan c ial i n s t r u m en t, t y pe of i n str u m ent I den t ific a ti on c ode |
O r d i na ry s ha r es of 25p in the C o m pa ny
GB00 065 23 608 |
|||
| b. |
Na t u re of t he tr an s a ction |
Award of options under the Company's Share Option Plan |
|||
| c. |
P ric e ( s) and v ol u m e (s) |
|
|||
| |
P ric e ( s) |
Vo l u m e ( s) |
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||
| 0p |
147,059
|
||||
| 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 • P ric e |
|
|||
| e. |
Da te of t he tr an s a ction |
29 July 2025 |
|||
| f. |
P l a ce 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 me |
David Walmsley |
|||
| 2. |
Reaso n f or t he no tifi ca tion |
||||
| a. |
Po siti on /st a t us |
Managing Director, NWF Fuels Limited |
|||
| b. |
I n i t ial no tific a ti on / A m end m ent |
I n i t ial |
|||
| 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 me |
NW F G r oup p lc |
|||
| b. |
LEI |
21 3 8 0 0AR R ZN N 1W 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 on of t he F i nan c ial i n s t r u m en t, t y pe of i n str u m ent I den t ific a ti on c ode |
O r d i na ry s ha r es of 25p in the C o m pa ny
GB00 065 23 608 |
|||
| b. |
Na t u re of t he tr an s a ction |
Award of options under the Company's Share Option Plan |
|||
| c. |
P ric e ( s) and v ol u m e (s) |
|
|||
| |
P ric e ( s) |
Vo l u m e ( s) |
|
||
| 0p |
97,166
|
||||
| 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 • P ric e |
|
|||
| e. |
Da te of t he tr an s a ction |
29 July 2025 |
|||
| f. |
P l a ce 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 me |
Tim Moran |
|||
| 2. |
Reaso n f or t he no tifi ca tion |
||||
| a. |
Po siti on /st a t us |
Managing Director, Boughey Distribution Limited |
|||
| b. |
I n i t ial no tific a ti on / A m end m ent |
I n i t ial |
|||
| 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 me |
NW F G r oup p lc |
|||
| b. |
LEI |
21 3 8 0 0AR R ZN N 1W 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 on of t he F i nan c ial i n s t r u m en t, t y pe of i n str u m ent I den t ific a ti on c ode |
O r d i na ry s ha r es of 25p in the C o m pa ny
GB00 065 23 608 |
|||
| b. |
Na t u re of t he tr an s a ction |
Award of options under the Company's Share Option Plan |
|||
| c. |
P ric e ( s) and v ol u m e (s) |
|
|||
| |
P ric e ( s) |
Vo l u m e ( s) |
|
||
| 0p |
167,647
|
||||
| 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 • P ric e |
|
|||
| e. |
Da te of t he tr an s a ction |
29 July 2025 |
|||
| f. |
P l a ce 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 me |
Rupert Phillips |
|||
| 2. |
Reaso n f or t he no tifi ca tion |
||||
| a. |
Po siti on /st a t us |
Managing Director, NWF Agriculture Limited |
|||
| b. |
I n i t ial no tific a ti on / A m end m ent |
I n i t ial |
|||
| 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 me |
NW F G r oup p lc |
|||
| b. |
LEI |
21 3 8 0 0AR R ZN N 1W 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 on of t he F i nan c ial i n s t r u m en t, t y pe of i n str u m ent I den t ific a ti on c ode |
O r d i na ry s ha r es of 25p in the C o m pa ny
GB00 065 23 608 |
|||
| b. |
Na t u re of t he tr an s a ction |
Award of options under the Company's Share Option Plan |
|||
| c. |
P ric e ( s) and v ol u m e (s) |
|
|||
| |
P ric e ( s) |
Vo l u m e ( s) |
|
||
| 0p |
92,647
|
||||
| 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 • P ric e |
|
|||
| e. |
Da te of t he tr an s a ction |
29 July 2025 |
|||
| f. |
P l a ce of t he tr an s a ction |
Outside a trading venue |
|||
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