29 April 2025

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 2025 Save As You Earn Schemes (the "2025 SAYE Scheme") for all eligible employees, one offering saving plans over 3 years, the other 5 years.

Eligible 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 29 April 2025 at an exercise price of 1,027 pence in accordance with the terms of the 2025 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 Monday 31 March 2025 to Wednesday 2 April 2025 prior to the invitation made to all eligible employees on Friday 4 April 2025. The Options are exercisable from April 2028 and April 2030 respectively.

A total of 66 employees have participated in the scheme and 24,953 Options have been granted representing 0.07% of the Company's issued share capital.

The following Persons Discharging Managerial Responsibility ("PDMRs") have chosen to participate in the 2025 SAYE Scheme:

PDMR                           Title                                                                               Number of Options Granted     

Gary Brookes               Supply Chain and Sustainability Director                716

Rachel Armer               People Director                                                           716

Enquiries:

Notes to Editors

Established in 1908, Nichols operates within the resilient soft drinks category and owns or licenses several brands. Nichols is geographically and operationally diversified, operating across three routes to market of UK Packaged, International Packaged and Out of Home.

In the UK, Nichols operates across five soft drinks sub-categories: squash, flavoured carbonates, fruit drinks, energy and flavoured water. Nichols' portfolio includes the iconic Vimto brand plus a growing portfolio of licensed brands including Levi Roots, ICEE, SLUSH PUPPiE and Sunkist.

Under its asset-light model, Vimto is prominent in areas such as the Middle East and Africa and is enjoyed in over 60 countries worldwide. 

For more information, visit the website: https://www.nicholsplc.co.uk/

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them