Director / PDMR Dealing and Total Voting Rights

Nichols PLC

11 April 2024

 

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.

Nichols plc Andrew Milne, Chief Executive Officer Richard Newman, Chief Financial Officer Telephone: [phone] Singer Capital Markets (NOMAD & Broker) Steve Pearce / Jen Boorer Telephone: [phone] Website: www.singercm.com Hudson Sandler (Financial PR) Alex Brennan / Hattie Dreyfus / Harry Griffiths Telephone: [phone] Email: [e-mail] 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	Andrew Milne
2	Reason for the notification
a)	Position/status	PDMR (Group 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
	Identification code	ISIN Code: GB0006389398
b)	Nature of the transaction	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
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			1)   nil pence	5,436
			2)   nil pence	15,208
d)	Aggregated information
	- Aggregated volume	N/A - single transactions
	- Price
e)	Date of the transaction	9 April 2024
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christine Shillington
2	Reason for the notification
a)	Position/status	PDMR (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	Ordinary Shares of 10p each
	Identification code	ISIN Code: GB0006389398
b)	Nature of the transaction	Exercise of Ordinary Shares of 10p each under Nichols Hybrid Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			nil pence	1,795
d)	Aggregated information
	- Aggregated volume	N/A - single transactions
	- Price
e)	Date of the transaction	9 April 2024
f)	Place of the transaction	Off market

 

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