RNS Number : 2614M
Nichols PLC
26 April 2024
 

 

Logo Description automatically generated

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

 

 

 

Nichols plc

 

Andrew Milne, Chief Executive Officer

Richard Newman, 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 / Hattie Dreyfus / 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 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: 



 

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


Identification code

Ordinary Shares of 10p each



ISIN Code: GB0006389398

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)









Price(s)


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


Identification code

Ordinary Shares of 10p each



ISIN Code: GB0006389398

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)









Price(s)


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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