Director Share Awards

RNS Number : 2540J

Nichols PLC

21 December 2020

 

21 December 2020

Nichols plc

(the "Company" or "Group')

Share Awards

Nichols plc, the diversified soft drinks Group, announces that on 18 December 2020 it made awards of nil cost options over ordinary shares of 10p each ("Awards" and "Ordinary Shares") to executive directors of the Company ("Directors").

As a consequence of Andrew Milne's appointment as Group Chief Executive Officer with effect from 1 January 2021 and David Rattigan's recent appointment as Group Chief Financial Officer, Awards have been granted over a maximum number of Ordinary Shares shown below. The Awards, equal to 50% of their annual salaries at the date of award, will vest on the third anniversary based on the number of Ordinary Shares purchased and retained by the Directors over the vesting period of the Award. The Awards will be matched on a 1:1 basis for every Ordinary Share purchased. No other performance conditions apply.

The intention of the Awards is to assist the Directors to meet a newly imposed shareholding guideline of 100% of salary as part of a revised remuneration policy. The Remuneration Committee has given the newly appointed Directors five years from the date of appointment to meet this guideline. 

The details of the Awards are as follows:

Director	Number of Ordinary Shares subject to Award	Vesting period of Award
Andrew Milne	9,668	Three years from the date of Award
David Rattigan	7,734	Three years from the date of Award

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 / Ailsa Duckett Steve Pearce / Rachel Hayes   Hudson Sandler N+1 Singer (Nominated Adviser & 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	PDMR (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 Identification code	Options over ordinary shares of 10p each ISIN Code: GB0006389398
b)	Nature of the transaction	Issue of a nil-cost option
c)	Price(s) and volume(s)	Price(s) Volume(s) Op 9,668
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	18 December 2020
f)	Place of the transaction	Off market
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Rattigan
2	Reason for the notification
a)	Position/status	PDMR (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 Identification code	Options over ordinary shares of 10p each ISIN Code: GB0006389398
b)	Nature of the transaction	Issue of a nil-cost option
c)	Price(s) and volume(s)	Price(s) Volume(s) Op 7,734
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	18 December 2020
f)	Place of the transaction	Off market

 

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