21 April 2023
Nichols plc
(the "Company" or "Group')
Cancellation of SAYE Options and PDMR Dealings
The Company announces that certain options granted to the following Persons Discharging Managerial Responsibility (PDMRs) under the 2021 and 2022 Save as You Earn (SAYE) schemes have been cancelled as detailed below. Both persons have made applications to participate in the 2023 SAYE scheme and it is expected that new options will be granted following approval. A further announcement will be made in due course.
PDMR Title Number of Options Cancelled
Andrew Milne Chief Executive Officer 1,064
Sarah Caddy Legal Director 1,668
Contacts
| Nichols plc
Andrew Milne, Group Chief Executive Officer
David Rattigan, Group Chief Financial Officer
| Telephone: 0192 522 2222 |
| Singer Capital Markets (NOMAD & Broker)
Steve Pearce / Jen Boorer
| Telephone: 0207 496 3000
Website: www.singercm.com |
| Hudson Sandler (Financial PR)
Alex Brennan / Charlotte Cobb / Harry Griffiths
| Telephone: 0207 796 4133
Email: nichols@hudsonsandler.com |
Notes to Editors:
Nichols plc is an international diversified soft drinks business with sales in over 73 countries, selling products in both the Still and Carbonate categories. The Group is home to the iconic Vimto brand which is popular in the UK and around the world, particularly in the Middle East and Africa. Other brands in its portfolio include SLUSH PUPPiE, Feel Good, Starslush, ICEE, Levi Roots and Sunkist.
For more information about Nichols, visit: www.nicholsplc.co.uk
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Andrew Milne | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive Officer | |||
| b) | Initial notification /Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Nichols plc | |||
| b) | LEI | 213800EF5CMR3K8PND54 | |||
| 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
| Ordinary Shares of 10p each
| |||
| b)
| Nature of the transaction
| Cancellation of options under the 2021 Save as You Earn (SAYE) scheme. 3-year savings plan. | |||
| c) | Price(s) and volume(s) | | | | |
| | | |
|
| |
| | | 1,015 pence | 1,064 | | |
| | | | | | |
| d) | Aggregated information | | |||
| - Aggregated volume | N/A - single transaction | ||||
| - Price | | ||||
| e) | Date of the transaction | 18 April 2023 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Sarah Caddy | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Legal Director | |||
| b) | Initial notification /Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Nichols plc | |||
| b) | LEI | 213800EF5CMR3K8PND54 | |||
| 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
| Ordinary Shares of 10p each
| |||
| b)
| Nature of the transaction
| Cancellation of options under the 2022 Save as You Earn (SAYE) scheme. 3-year savings plan. | |||
| c) | Price(s) and volume(s) | | | | |
| | | |
|
| |
| | | 1,079 pence | 1,668 | | |
| | | | | | |
| d) | Aggregated information | | |||
| - Aggregated volume | N/A - single transaction | ||||
| - Price | | ||||
| e) | Date of the transaction | 11 April 2023 | |||
| f) | Place of the transaction | Outside a trading venue | |||
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