26 April 2024
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 2024 Save As You Earn Schemes (the "2024 SAYE Scheme") for all eligible employees, one offering saving plans over 3 years, the other over 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 were granted on 24 April 2024 at an exercise price of 788 pence in accordance with the terms of the 2024 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 Wednesday 3 April 2024 to Friday 5 April 2024 prior to the invitation made to all eligible employees on Wednesday 10 April 2024.
A total of 95 employees have participated in the scheme and 73,941 Options have been granted representing 0.20% of the Company's issued share capital.
The following Persons Discharging Managerial Responsibility ("PDMRs") have chosen to participate in the 2024 SAYE Scheme:
| PDMR | Title | Number of Options Granted |
| Richard Newman | Chief Financial Officer | 3,807 |
| Edward Shoebridge | Out of Home Commercial Director | 3,807 |
| Sarah Caddy | Legal Director | 2,284 |
| Gary Brookes | Operations Director | 456 |
Due to their participation in the 2024 SAYE Scheme, certain options granted to the following PDMRs under the 2023 SAYE scheme have been cancelled as detailed below.
| PDMR | Title | Number of Options Granted |
| Sarah Caddy | Legal Director | 2,008 |
|
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Notes to Editors:
Nichols plc is an international diversified soft drinks business with sales in over 60 countries. 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, Starslush, ICEE, Levi Roots and Sunkist.
For more information about Nichols, visit: www.nicholsplc.co.uk
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 | Richard Newman Edward Shoebridge Sarah Caddy Gary Brookes | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Richard Newman, Chief Financial Officer Edward Shoebridge, Out of Home Commercial Director Sarah Caddy, Legal Director Gary Brookes, 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
| Ordinary Shares of 10p each
| |||
| b)
| Nature of the transaction
| Grant of options under the 2024 Save as You Earn (SAYE) scheme. Richard Newman - 5-year savings plan Edward Shoebridge - 5-year savings plan Sarah Caddy - 3-year savings plan Gary Brookes - 3-year savings plan | |||
| c) | Price(s) and volume(s) | | | | |
| | | |
|
| |
| | | 788 pence | Richard Newman - 3,807 Edward Shoebridge - 3,807 Sarah Caddy - 2,284 Gary Brookes - 456 | | |
| | | | | | |
| d) | Aggregated information | | |||
| - Aggregated volume | N/A - single transaction | ||||
| - Price | | ||||
| e) | Date of the transaction | 24 April 2024 | |||
| 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 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 | 23 April 2024 | |||
| f) | Place of the transaction | Outside a trading venue | |||
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