18 May 2023
Nichols plc
(the "Company")
Grant of Options and PDMR Dealings
The Company announces that on 16 May 2023 it made awards of nil cost options over ordinary shares of 10p each ("Awards" and "Ordinary Shares") to certain directors and persons discharging managerial responsibility ("PDMRs") of the Company.
The Awards have been granted over a maximum number of Ordinary Shares shown below. The Award is being made following completion of the financial year ending 31 December 2022 pursuant to the terms of the Nichols Hybrid Incentive Plan. The Awards will vest on the second anniversary of the date of grant, subject to the continued employment of the PDMR with the group. No other performance conditions apply.
The details of the Awards are as follows:
| PDMR | Title | Number of Ordinary Shares subject to Award |
| Andrew Milne | Chief Executive Officer | 27,572 |
| Christine Shillington | People & Sustainability Director | 3,461 |
| Nick Gamble | UK Sales Director | 3,262 |
| Gary Brookes | Group Operations Director | 2,152 |
| Sarah Caddy | Legal Director | 3,569 |
Contacts
| Nichols plc Andrew Milne, Chief Executive Officer | Telephone: 0192 522 2222 Website: www.nicholsplc.co.uk |
| 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.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
|
| 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
Identification code | Ordinary shares of 10p each
ISIN Code: GB0006389398
| ||||
| b) | Nature of the transaction | Grant of nil-cost options under the Nichols Hybrid Incentive Plan
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||
| e) | Date of the transaction | 16 May 2023
| ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
|
| Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Christine Shillington | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | People & Sustainability 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
Identification code | Ordinary shares of 10p each
ISIN Code: GB0006389398
| ||||
| b) | Nature of the transaction | Grant of nil-cost options under the Nichols Hybrid Incentive Plan
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||
| e) | Date of the transaction | 16 May 2023
| ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
|
| Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Nick Gamble | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | UK Sales 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
Identification code | Ordinary shares of 10p each
ISIN Code: GB0006389398
| ||||
| b) | Nature of the transaction | Grant of nil-cost options under the Nichols Hybrid Incentive Plan
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||
| e) | Date of the transaction | 16 May 2023
| ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
|
| Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Gary Brookes
| ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Group Operations 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
Identification code | Ordinary shares of 10p each
ISIN Code: GB0006389398
| ||||
| b) | Nature of the transaction | Grant of nil-cost options under the Nichols Hybrid Incentive Plan
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||
| e) | Date of the transaction | 16 May 2023
| ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
|
| 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
Identification code | Ordinary shares of 10p each
ISIN Code: GB0006389398
| ||||
| b) | Nature of the transaction | Grant of nil-cost options under the Nichols Hybrid Incentive Plan
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||
| e) | Date of the transaction | 16 May 2023
| ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
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