Grant of SAYE Options and PDMR Dealings

RNS Number : 7750V

Nichols PLC

16 April 2021

 

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 2021 Save As You Earn Schemes (the 2021 "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 16 April 2021 at an exercise price of 1,015 pence in accordance with the terms of the 2021 SAYE Scheme. This represents a discount of 20% to the average mid-market closing price for an Ordinary Share on the 3 business days from Friday 19 March 2021 to Tuesday 23 March 2021 prior to the invitation made to all eligible employees on Friday 26 March 2021 to participate in the scheme.

A total of 82 employees have chosen to participate in the scheme and, accordingly, 35,065 Options have been granted representing 0.09% of the Company's issued share capital.

The following Persons Discharging Managerial Responsibility (PDMRs) have chosen to participate in the 2021 SAYE Scheme:

PDMR	Title	Options granted
Andrew Milne	Chief Executive Officer	1,064 (3 years)
Matthew Nichols	International Director	1,477 (5 years)
Nicholas Yates	OOH Sales and Operations Director	886 (3 years)
Emma Hunt	Marketing Director	177 (3 years)

Contacts

Andrew Milne, Group Chief Executive Officer David Rattigan, Group Chief Financial Officer
Nichols plc
Telephone: [phone]
Website: www.nicholsplc.co.uk
Alex Brennan / Elfie Kent	Steve Pearce / Rachel Hayes
Hudson Sandler	N+1 Singer (Nominated Adviser and 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 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	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)
			1,015 pence	1,064
d)	Aggregated information
	- Aggregated volume	N/A - single transaction
	- Price
e)	Date of the transaction	16 April 2021
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)
			1,015 pence	1,477
d)	Aggregated information
	- Aggregated volume	N/A - single transaction
	- Price
e)	Date of the transaction	16 April 2021
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)
			1,015 pence	886
d)	Aggregated information
	- Aggregated volume	N/A - single transaction
	- Price
e)	Date of the transaction	16 April 2021
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)
			1,015 pence	177
d)	Aggregated information
	- Aggregated volume	N/A - single transaction
	- Price
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	Outside a trading venue

 

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