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LONDON - NWF Group plc (LSE:NWF), a specialist distributor operating in UK markets, announced today the award of conditional share options to five senior executives under its established Performance Share Plan.
Chief Executive Chris Belsham received rights to a maximum of 237,766 ordinary shares, while Chief Financial Officer Katie Shortland was granted up to 147,059 shares. Three managing directors of NWF’s business units also received awards: Dave Walmsley of NWF Fuels (97,166 shares), Tim Moran of Boughey Distribution (167,647 shares), and Rupert Phillips of NWF Agriculture (92,647 shares).
All awards were priced at 170.00 pence per share, reflecting the mid-market price at close on July 28, 2025.
The share options are subject to performance criteria based on the company’s headline basic earnings per share over the three financial years ending May 31, 2028. Each executive will receive 30% of their maximum allocation if earnings per share increases by RPI plus 2% annually, and the full allocation if earnings increase by RPI plus 8% annually.
The Plan is designed to incentivize and retain executive management, with the company’s Remuneration Committee responsible for determining awards and performance targets. If a recipient leaves during the three-year period, any vesting award would be assessed based on circumstances and pro-rated to reflect actual employment duration.
Following these awards, Belsham will hold interests in 545,791 conditional shares, Shortland in 365,879 shares, Walmsley in 251,116 shares, Moran in 167,647 shares, and Phillips in 92,647 shares.
This information is based on a press release statement from NWF Group.
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