WYNNSTAY GROUP PLC Regulatory Story
Wynnstay Group PLC - WYN Grant of Options
Released 10:59 23-Jan-2020
RNS Number : 7403A
Wynnstay Group PLC
23 January 2020
23 January 2020
AIM: WYN
WYNNSTAY GROUP PLC
("Wynnstay" or "the Company")
Award of Opons under the Company's Performance Share Plan
Wynnstay, the agricultural supplies group, announces the award of opons ("Opons") over ordinary shares of 25p each in the Company ("Ordinary Shares") approved under the terms of the established Wynnstay Performance Share Plan (the "Plan").
The Opons offer the recipients the entlement to acquire a maximum number of Ordinary Shares ("Award Shares") on or aer 31 October 2022 at nil cost subject to the Company achieving the following minimum reported performance criteria:
- 75% of the Award Shares will vest if the Company's Earnings Per Share ("EPS") grows at an annual rate exceeding the rate of growth of the Retail Price Index ("RPI") plus 8%. Where this growth is not met, provided EPS grows at an annual rate of at least RPI plus 1%, 30% of the Award Shares tested under the EPS target will vest. Between these criteria, the Award Shares will vest on a straight-line basis.
- 25% of the Award Shares will vest if the Company's Return on Capital Employed ("ROCE") increases to at least 12.6% for the financial year ending 31 October 2022. Where this target is not met, provided a minimum ROCE employed of 10% is met, the Award Shares will vest between these two criteria on a straight-line basis.
The total number of Award Shares over which Opons have been granted amounts to 146,647, and included in this grant were Opons made to the following execuve directors of the Company:
Maximum number of | ||
Name | Title | Award Shares |
Mr G.W. Davies | Chief Execuve Officer | 27,896 |
Mr B.P. Roberts | Finance Director | 22,318 |
Mr D.A.T. Evans | Agriculture Director | 20,226 |
The Remuneraon Commiee has responsibility for determining the award of Opons and the performance targets under the Plan.
Enquiries: | ||
Wynnstay Group plc | Gareth Davies, Chief Execuve | T: 1691 827 142 |
Paul Roberts, Finance Director | ||
KTZ Communicaons | Kae Tzouliadis / Dan Mahoney | T: 020 3178 6378 |
Shore Capital (Nomad and Broker) | Stephane Auton / Patrick Castle / | T: 020 7408 4090 |
John More |
- Details of the person discharging managerial responsibilities / person closely associated
a) | Name | Gareth Davies | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification | Initial notification | ||||
/Amendment | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, | |||||
auctioneer or auction monitor | ||||||
a) | Name | Wynnstay Group plc | ||||
b) | LEI | 213800TOLA726AITR960 | ||||
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 | Ordinary shares of 25 pence each in the Company | ||||
instrument, type of instrument | ("Ordinary Shares") | |||||
Identification code | GB0034212331 | |||||
b) | Nature of the transaction | Award of Options under the Company's Performance | ||||
Share Plan | ||||||
Price(s) | Volume(s) | |||||
c) | Price(s) and volume(s) | |||||
Nil | 27,896 Ordinary Shares | |||||
d) | Aggregated information | N/A single transaction | ||||
- Aggregated volume | ||||||
- Price | ||||||
e) | Date of the transaction | 23/01/2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely | |||||
associated | ||||||
a) | Name | Bryan Paul Roberts | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification | Initial notification | ||||
/Amendment | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, | |||||
auctioneer or auction monitor | ||||||
a) | Name | Wynnstay Group plc | ||||
b) | LEI | 213800TOLA726AITR960 | ||||
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 | Ordinary shares of 25 pence each in the Company | ||||
instrument, type of instrument | ("Ordinary Shares") | |||||
Identification code | GB0034212331 | |||||
b) | Nature of the transaction | Award of Options under the Company's Performance | ||||
Share Plan | ||||||
Price(s) | Volume(s) |
- Price(s) and volume(s)
Nil | 22,318 Ordinary Shares | |||||
d) | Aggregated information | N/A single transaction | ||||
- Aggregated volume | ||||||
- Price | ||||||
e) | Date of the transaction | 23/01/2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely | |||||
associated | ||||||
a) | Name | David Andrew Evans | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification | Initial notification | ||||
/Amendment | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, | |||||
auctioneer or auction monitor | ||||||
a) | Name | Wynnstay Group plc | ||||
b) | LEI | 213800TOLA726AITR960 | ||||
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 | Ordinary shares of 25 pence each in the Company | ||||
instrument, type of instrument | ("Ordinary Shares") | |||||
Identification code | GB0034212331 | |||||
b) | Nature of the transaction | Award of Options under the Company's Performance | ||||
Share Plan | ||||||
Price(s) | Volume(s) | |||||
c) | Price(s) and volume(s) | |||||
Nil | 20,226 Ordinary Shares | |||||
d) | Aggregated information | N/A single transaction | ||||
- Aggregated volume | ||||||
- Price | ||||||
e) | Date of the transaction | 23/01/2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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Grant of Options - RNS
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Wynnstay Group plc published this content on 23 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 January 2020 12:03:06 UTC
