AIM: WYN

The announcement below replaces RNS Number 7856B, issued on 2 February 2024.  All details of the original announcement remain unchanged save for the additional information:  on 1 February 2024, the Company's ESOP Trust issued a further 34,280 Ordinary Shares for nil consideration to certain employees, who were recipients of the 2020 PSP. Following this, the Company's ESOP Trust has a total interest in 82,104 Ordinary Shares, representing 0.36% of the issued share capital of the Company. The full amended text is shown below.

WYNNSTAY GROUP PLC

("Wynnstay" or "the Company")

Award of Options and ESOP Trust Transactions

Wynnstay, the agricultural and specialist merchanting group, announces the award of options ("Options") on 1 February 2024 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 2026 at nil cost, subject to the Company achieving the following minimum reported performance criteria:

The total number of Award Shares over which Options have been granted amounts to 285,036 including 146,210 granted to Persons Discharging Managerial responsibility (PDMR), as follows:

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

ESOP Trust Transactions

On 1 February 2024, the Company's ESOP Trust issued 6,974 and 3,664 Ordinary Shares to Gareth Davies, CEO and Claire Williams, Company Secretary, respectively in relation to the Plan.

Following these transactions, Gareth Davies, Chief Executive Officer, has a total beneficial interest in 57,117 Ordinary Shares, representing 0.25% of the issued share capital of the Company, and Claire Williams, Company Secretary, has a total beneficial interest in 6,922 Ordinary Shares, representing 0.03% of the issued share capital of the Company.

In addition on 1 February 2024, the Company's ESOP Trust issued a further 34,280 Ordinary Shares for nil consideration to certain employees, who were recipients of the 2020 PSP

Following these transactions, the Company's ESOP Trust has a total interest in 82,104 Ordinary Shares, representing 0.36% of the issued share capital of the Company.

Following these transactions and for the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue will be 22,980,232 with each share carrying the right to one vote. There are no shares held in treasury. Therefore, the total number of voting rights in the Company at Admission will be 22,980,232.

The above figure may be used by shareholders in the Company 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 share capital of the Company under the Disclosure and Transparency Rules.

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