27 April 2023
Nichols plc
(the "Company" or "Group')
Grant of SAYE Options and PDMR Dealings
Nichols plc, the diversified soft drinks Group, announces that it has launched two 2023 Save As You Earn Schemes (the "2023 SAYE Scheme") for all eligible employees, one offering saving plans over 3 years, the other 5 years.
Employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 10p each in the Company ("Ordinary Shares") which have been granted on 26 April 2023 at an exercise price of 896 pence in accordance with the terms of the 2023 SAYE Scheme. This represents a discount of 20% from the average mid-market closing price for an Ordinary Share on the 3 business days from Friday 31 March 2023 to Tuesday 4 April 2023 prior to the invitation made to all eligible employees on Tuesday 11 April 2023.
A total of 99 employees have participated in the scheme and 64,221 Options have been granted representing 0.17% of the Company's issued share capital.
The following Persons Discharging Managerial Responsibility ("PDMRs") have chosen to participate in the 2023 SAYE Scheme:
PDMR Title Number of Options Granted
Andrew Milne Chief Executive Officer 1,205
Sarah Caddy Legal Director 2,008
Matthew Nichols International Director 1,674
Nicholas Gamble UK Commercial Director 2,008
Gary Brookes Supply Chain Director 401
Contacts
| Nichols plc
Andrew Milne, Group Chief Executive 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
| Grant of options under the 2023 Save as You Earn (SAYE) scheme. 3-year savings plan. | |||
| c) | Price(s) and volume(s) | | | | |
| | | |
|
| |
| | | 896 pence | 1,205 | | |
| | | | | | |
| d) | Aggregated information | | |||
| - Aggregated volume | N/A - single transaction | ||||
| - Price | | ||||
| e) | Date of the transaction | 26 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
| Grant of options under the 2023 Save as You Earn (SAYE) scheme. 3-year savings plan. | |||
| c) | Price(s) and volume(s) | | | | |
| | | |
|
| |
| | | 896 pence | 2,008 | | |
| | | | | | |
| d) | Aggregated information | | |||
| - Aggregated volume | N/A - single transaction | ||||
| - Price | | ||||
| e) | Date of the transaction | 26 April 2023 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Matthew Nichols | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | International Commercial 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
| Grant of options under the 2023 Save as You Earn (SAYE) scheme. 5-year savings plan. | |||
| c) | Price(s) and volume(s) | | | | |
| | | |
|
| |
| | | 896 pence | 1,674 | | |
| | | | | | |
| d) | Aggregated information | | |||
| - Aggregated volume | N/A - single transaction | ||||
| - Price | | ||||
| e) | Date of the transaction | 26 April 2023 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Nicholas Gamble | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | UK Commercial 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
| Grant of options under the 2023 Save as You Earn (SAYE) scheme. 3-year savings plan. | |||
| c) | Price(s) and volume(s) | | | | |
| | | |
|
| |
| | | 896 pence | 2,008 | | |
| | | | | | |
| d) | Aggregated information | | |||
| - Aggregated volume | N/A - single transaction | ||||
| - Price | | ||||
| e) | Date of the transaction | 26 April 2023 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Gary Brookes | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Supply Chain 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
| Grant of options under the 2023 Save as You Earn (SAYE) scheme. 3-year savings plan. | |||
| c) | Price(s) and volume(s) | | | | |
| | | |
|
| |
| | | 896 pence | 401 | | |
| | | | | | |
| d) | Aggregated information | | |||
| - Aggregated volume | N/A - single transaction | ||||
| - Price | | ||||
| e) | Date of the transaction | 26 April 2023 | |||
| f) | Place of the transaction | Outside a trading venue | |||
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