RNS Number : 6059P

Wynnstay Group PLC

10 February 2023



("Wynnstay" or "the Company")

Award of Options under the Company's Performance Share Plan

Wynnstay, the agricultural supplies group, announces the award of options ("Options") 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 Options offer the recipients the entitlement to acquire a maximum number of Ordinary Shares ("Award Shares") on or after 31 October 2025 at nil cost, subject to the Company achieving the following minimum reported performance criteria:

 1    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. 
 2    25% of the Award Shares will vest if the Company's 
  .    Return on Capital Employed ("ROCE") is 12.6% for the 
       financial year ending 31 October 2025. 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 Options have been granted amounts to 139,311, and included in this grant were Options made to the following Executive Directors of the Company:

                                               Maximum number 
   Name               Title                     of Award Shares 
 Mr G.W. Davies     Chief Executive Officer    30,634 
 Mr B.P. Roberts    Finance Director           20,519 

The Remuneration Committee has responsibility for determining the award of Options and the performance targets under the Plan.


 Wynnstay Group plc                 Gareth Davies, Chief Executive                  T: 1691 827 142 
                                     Paul Roberts, Finance Director 
 KTZ Communications                 Katie Tzouliadis / Robert Morton/ Dan Mahoney   T: 020 3178 6378 
 Shore Capital (Nomad and Broker)   Stephane Auton / John More                      T: 020 7408 4090 
                                     Rachel Goldstein 

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(END) Dow Jones Newswires

February 10, 2023 09:00 ET (14:00 GMT)

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