Nichols PLC Grant of SAYE Options & PDMR Dealings
26 April 2024 - 11:15PM
RNS Regulatory News
RNS Number : 2614M
Nichols PLC
26 April 2024
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: 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
|
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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