Harworth Group PLC (LSE: HWG), the North of England and Midlands-focused regeneration and strategic land developer, has allotted and issued 9,035,944 new ordinary shares of 10 pence each, the company announced on 28 October 2026. The shares were issued pursuant to its block listing facility in satisfaction of employee share option exercises across three schemes. Following the issue, Harworth's total ordinary shares in issue stand at 336,045,315, a figure shareholders must now use when calculating disclosure thresholds under FCA rules. Investors tracking shareholding levels and dilution should note the updated denominator figure with immediate effect.

Key Points

  • Harworth Group PLC (HWG) listed on the London Stock Exchange
  • 9,035,944 new ordinary shares of 10 pence each allotted and issued on 28 October 2026
  • Shares issued under the Deferred Bonus Plan, Restricted Share Plan, and Save As You Earn Scheme
  • Total shares in issue now stand at 336,045,315 — the new FCA disclosure denominator to watch

Shares Allotted at Nominal 10 Pence Value Under Three Employee Incentive Schemes

Harworth Group confirmed that the 9,035,944 new ordinary shares were allotted at a nominal price of 10 pence per share. The allotment was made pursuant to the company's block listing facility and arose from the exercise of share options granted under three separate employee incentive arrangements: the Deferred Bonus Plan, the Restricted Share Plan, and the Save As You Earn Scheme. These schemes are common mechanisms used by listed companies to align employee interests with long-term shareholder value, rewarding staff through equity participation rather than solely cash-based remuneration.

Total Voting Rights Rise to 336,045,315 Following the New HWG Share Issue

As a direct result of the share issuance, Harworth Group's total ordinary shares in issue have increased to 336,045,315. Under the Financial Conduct Authority's Disclosure and Transparency Rules, this updated figure serves as the denominator that shareholders and institutional investors must use to determine whether they are required to notify the company of any interest in, or change to their interest in, its voting rights. Any investor whose holding crosses a relevant threshold relative to this new denominator must comply with notification obligations accordingly.

Harworth's 15,000-Acre Strategic Land Portfolio Across the North of England and Midlands

Harworth Group describes itself as a leading regeneration and strategic land owner and developer, operating across more than 100 sites covering over 15,000 acres of strategic land in the North of England and the Midlands. The company focuses on the Industrial and Logistics and Residential sectors, regenerating large and complex sites into new developments and serviced remediated land. Its long-term, through-the-cycle business model centres on creating sustainable places that support new homes, jobs, and communities, generating value across both land markets over extended development horizons.