NWF Group plc
NWF Group plc: Issue of Equity and Director / PDMR Shareholding
NWF Group plc ("NWF", the "Company" or the "Group"), the specialist distributor operating in UK markets today announces that it has issued and allotted 10,969 ordinary shares of 25 pence in the Company ("Ordinary Shares") in respect of a share award to Katie Shortland, Chief Financial Officer (the "Share Award").
In connection with Katie's appointment as a director of the Company, it had been agreed that she would be compensated for certain contractual arrangements forfeited from her previous employer, part satisfied through an issue of new Ordinary Shares.
Following the Share Award, Katie Shortland will be interested in 229,789 Ordinary Shares.
Application has been made to London Stock Exchange for the 10,969 new Ordinary Shares to be admitted to trading on AIM ("Admission"). The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares, and it is expected that Admission will become effective, and that dealings will commence in the new Ordinary Shares at 08.00 a.m. on 21 August 2024.
Total Voting Rights
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 49,450,350 Ordinary Shares. There are no Ordinary Shares held in treasury. Shareholders may therefore 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.
For further information, please visit www.nwf.co.uk or contact:
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The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a. | Name | Katie Shortland | |||
| 2. | Reason for the notification | ||||
| a. | Position/status | Chief Financial Officer | |||
| b. | Initial notification /Amendment | Initial notification | |||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a. | Name | NW F Group plc | |||
| b. | LEI | 213800ARRZNN1W VZ9M70 | |||
| 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 Identification code |
Ordinary Shares
GB0006523608 | |||
| b. | Nature of the transaction |
Share Award | |||
| c. | Price(s) and volume(s) | | |||
| | Price(s) | Volume(s) | | ||
| 0p | 10,969
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| d. | Aggregated information • Aggregated volume • Price |
n/a | |||
| e. | Date of the transaction | 16 August 2024 | |||
| f. | Place of the transaction | Outside of a trading venue | |||
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