Nichols
plc
(the
"Company" or "Group")
Director
/ PDMR Dealing and Total Voting Rights
Nichols plc, the diversified soft
drinks Group, announces on 9 April 2024 that Andrew Milne, Group
Chief Executive Officer, and Christine Shillington, People &
Sustainability Director both exercised options over ordinary
shares.
Andrew Milne, Group Chief Executive
Officer
Andrew Milne exercised 5,436 nil
cost options over ordinary shares of 10p each (the "Awards") in
accordance with a share option plan.
The Awards, granted on the 18
December 2020, equal to 50% of Andrew Milne's annual salary at the
date of award, vested on the third anniversary based on the number
of Ordinary Shares purchased and retained over the vesting period
of the Award. The Awards were matched on a 1:1 basis for every
Ordinary Share purchased. No other performance conditions
applied.
The intention of the Awards was to
assist in meeting an imposed shareholding guideline of 100% of
salary as part of a revised remuneration policy.
Andrew Milne also exercised options
over 15,208 ordinary shares of 10p each in the Company
("Ordinary Shares"), under the Company's Hybrid Incentive
Plan, at an exercise price of nil pence per
Ordinary Share.
As a result of the above
transactions, Andrew Milne's interest in
the Company is 36,242 Ordinary Shares,
representing 0.099% of the issued share capital.
Christine Shillington, People &
Sustainability Director
Christine Shillington exercised
options over 1,795 ordinary shares of 10p each in the
Company ("Ordinary Shares"), under the Company's Hybrid Incentive
Plan, at an exercise price of nil pence per
Ordinary Share.
As a result of the above
transactions, Christine Shillington's interest in
the Company is 3,653 Ordinary Shares,
representing 0.010% of the issued share capital.
Total Voting Rights
In total, 22,439 existing Ordinary
Shares were transferred from treasury to satisfy options
exercises.
The issued share capital of the
Company consists of 36,968,772 Ordinary Shares of which 450,711 are
held in Treasury. Therefore, the total number of Ordinary Shares
carrying voting rights in the Company is 36,518,061. This figure of
36,518,061 may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest, or a change to their interest, in the
Company under the Disclosure Guidance and Transparency
Rules.
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Nichols plc
Andrew Milne, Chief Executive
Officer
Richard
Newman, Chief Financial Officer
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Telephone: 0192 522 2222
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Singer Capital Markets (NOMAD &
Broker)
Steve Pearce / Jen Boorer
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Telephone: 0207 496 3000
Website: www.singercm.com
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Hudson Sandler (Financial
PR)
Alex Brennan / Hattie Dreyfus / Harry
Griffiths
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Telephone: 0207 796 4133
Email: nichols@hudsonsandler.com
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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
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1
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Details of the person discharging managerial responsibilities
/ person closely associated
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a)
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Name
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Andrew Milne
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2
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Reason for the
notification
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a)
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Position/status
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PDMR (Group Chief Executive
Officer)
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b)
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Initial notification
/Amendment
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Initial Notification
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3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a)
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Name
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Nichols plc
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b)
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LEI
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213800EF5CMR3K8PND54
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4
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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
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a)
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Description of the financial
instrument, type of instrument
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Ordinary Shares of 10p
each
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Identification code
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ISIN Code: GB0006389398
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b)
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Nature of the
transaction
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1) Exercise of
Ordinary Shares of 10p each under share option plan
2) Exercise of
Ordinary Shares of 10p each under Nichols Hybrid Incentive
Plan
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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1) nil pence
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5,436
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2) nil pence
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15,208
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d)
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Aggregated information
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- Aggregated volume
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N/A - single transactions
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- Price
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e)
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Date of the transaction
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9 April 2024
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f)
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Place of the transaction
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Off market
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1
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Details of the person discharging managerial responsibilities
/ person closely associated
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a)
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Name
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Christine Shillington
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2
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Reason for the
notification
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a)
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Position/status
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PDMR (People & Sustainability
Director)
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b)
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Initial notification
/Amendment
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Initial Notification
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3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a)
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Name
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Nichols plc
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b)
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LEI
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213800EF5CMR3K8PND54
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4
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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
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a)
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Description of the financial
instrument, type of instrument
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Ordinary Shares of 10p
each
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Identification code
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ISIN Code: GB0006389398
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b)
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Nature of the
transaction
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Exercise of Ordinary Shares of 10p
each under Nichols Hybrid Incentive Plan
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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nil pence
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1,795
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d)
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Aggregated information
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- Aggregated volume
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N/A - single transactions
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- Price
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e)
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Date of the transaction
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9 April 2024
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f)
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Place of the transaction
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Off market
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