Grant of SAYE Options and PDMR Dealings

RNS Number : 5245P

Nichols PLC

11 June 2020

 

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 2020 Save As You Earn Schemes (the 2020 "SAYE" Scheme) for all eligible employees, one offering saving plans over 3 years, the other 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 have been granted on 15 April 2020 at an exercise price of 793 pence in accordance with the terms of the 2020 SAYE Scheme. This represents a discount of 20% from the average mid-market closing price for an Ordinary Share on the 3 days from Thursday 19 March 2020 to Monday 23 March 2020 prior to the invitation on Thursday 26 March 2020.

A total of 122 employees have participated in the scheme and 118,109 Options have been granted representing 0.32% of the Company's issued share capital.

The following Persons Discharging Managerial Responsibility (PDMRs) have chosen to participate in the 2020 SAYE Scheme:

PDMR    Title  Options granted

Andrew Milne  Chief Operating Officer  1513

David Rattigan  Chief Financial Officer  2269

Nicholas Gamble  UK Sales Director  2269

Nicholas Yates  OOH Sales and Operations Director   1134

Matthew Nichols  International Director  1891

Emma Hunt  Marketing Director  1361

Christine Shillington  People Director    1361

Nigel Rouch  IT Director  680

In addition to the 2020 SAYE Scheme noted above, current PDMRs also hold outstanding Options in previous SAYE schemes as advised below:

2019 SAYE Scheme Options granted on 10th April 2019 with an exercise price of £12.84:

Marnie Millard   Chief Executive Officer   700 (3 years)

Emma Hunt   Marketing Director  420 (3 years)

Christine Shillington   People Director  560 (3 years)

Marcella Kain   Operations Director  2336 (5 years)

2018 SAYE Scheme Options granted on 11 April 2018 with an exercise price £12.25:

Marnie Millard   Chief Executive Officer  734 (3 years)

Andrew Milne   Chief Operating Officer  587 (3 years)

Matthew Nichols   International Director  1224 (5 years)

Emma Hunt  Marketing Director  146 (3 years)

2017 SAYE Scheme Options granted on 12 April 2017 with an exercise price £14.573:

Andrew Milne   Chief Operating Officer  494 (3 years)

2016 SAYE Scheme Options granted on 12 April 2016 with an exercise price £9.939:

Andrew Milne   Chief Operating Officer  603 (5 years)

Nicholas Yates   OOH Sales and Operations Director  1509 (5 years)

2015 SAYE Scheme Options granted on 16 April 2015 with an exercise price £9.509:

Nicholas Yates   OOH Sales and Operations Director  1577 (5 years)

Total Options granted to all employees participating in SAYE schemes and still outstanding at 9 June 2020 amount to 179,103 representing 0.49% of the Company's issued share capital.

Contacts

Marnie Millard, Group Chief Executive Officer   Andrew Milne, Group Chief Operating Officer   David Rattigan, Group Chief Financial Officer
Nichols plc
Telephone: [phone]
Website:  www.nicholsplc.co.uk
Alex Brennan / Hattie Dreyfus	Steve Pearce / Rachel Hayes
Hudson Sandler	N+1 Singer (Nomad & Broker)
Telephone: [phone]	Telephone: [phone]
Email:  [e-mail]	Website:  www.n1singer.com

Notes to Editors:

Nichols plc is an international soft drinks business with sales in over 85 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 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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Milne
2	Reason for the notification
a)	Position/status	Chief Operating 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	Grant of options under the Save as You Earn (SAYE) scheme. 5-year savings plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£7.93	1513
d)	Aggregated information
	- Aggregated volume	1513
	- Price	£7.93
e)	Date of the transaction	15 April 2020
f)	Place of the transaction	Outside a trading venue
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Rattigan
2	Reason for the notification
a)	Position/status	Chief Financial 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	Grant of options under the Save as You Earn (SAYE) scheme. 3-year savings plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£7.93	2269
d)	Aggregated information
	- Aggregated volume	2269
	- Price	£7.93
e)	Date of the transaction	15 April 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nicholas 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	Ordinary Shares of 10p each
	Identification code	ISIN Code: GB0006389398
b)	Nature of the transaction	Grant of options under the Save as You Earn (SAYE) scheme. 3-year savings plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£7.93	2269
d)	Aggregated information
	- Aggregated volume	2269
	- Price	£7.93
e)	Date of the transaction	15 April 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nicholas Yates
2	Reason for the notification
a)	Position/status	OOH Sales and 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
	Identification code	ISIN Code: GB0006389398
b)	Nature of the transaction	Grant of options under the Save as You Earn (SAYE) scheme. 3-year savings plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£7.93	1134
d)	Aggregated information
	- Aggregated volume	1134
	- Price	£7.93
e)	Date of the transaction	15 April 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matthew Nichols
2	Reason for the notification
a)	Position/status	International 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	Grant of options under the Save as You Earn (SAYE) scheme. 5-year savings plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£7.93	1891
d)	Aggregated information
	- Aggregated volume	1891
	- Price	£7.93
e)	Date of the transaction	15 April 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Emma Hunt
2	Reason for the notification
a)	Position/status	Marketing 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	Grant of options under the Save as You Earn (SAYE) scheme. 3-year savings plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£7.93	1361
d)	Aggregated information
	- Aggregated volume	1361
	- Price	£7.93
e)	Date of the transaction	15 April 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christine Shillington
2	Reason for the notification
a)	Position/status	People 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	Grant of options under the Save as You Earn (SAYE) scheme. 3-year savings plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£7.93	1361
d)	Aggregated information
	- Aggregated volume	1361
	- Price	£7.93
e)	Date of the transaction	15 April 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nigel Rouch
2	Reason for the notification
a)	Position/status	IT 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	Grant of options under the Save as You Earn (SAYE) scheme. 3-year savings plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£7.93	680
d)	Aggregated information
	- Aggregated volume	680
	- Price	£7.93
e)	Date of the transaction	15 April 2020
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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