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On 28 May 2025, Nichols plc announced the exercise of 39,206 ordinary shares at nil pence each under its Hybrid Incentive Plan, which were satisfied by a transfer from treasury. Following this, PDMRs Andrew Milne, Sarah Caddy, and Gary Brookes sold 12,783, 3,069, and 904 Ordinary Shares respectively at 1,250 pence per share on the London Stock Exchange on the same date. The total number of Ordinary Shares carrying voting rights in Nichols plc is 36,569,568.
| Date | 29 May 2025 |
| Time | 16:53:55 |
| Category | Miscellaneous |
| ID | 6737K |
29 May 2025
Nichols plc
(the "Company" or "Group")
Exercise of Options, Director / PDMR Dealing & Total Voting Rights
Nichols plc, the diversified soft drinks Group, announces that on 28 May 2025 share options ("Share Options") were exercised over, in aggregate, 39,206 ordinary shares of 10 pence each in the Company ("Ordinary Shares") under the Company's Hybrid Incentive Plan at an exercise price of nil pence per Ordinary Share. To satisfy the exercise of Share Options, 39,206 Ordinary Shares have been transferred out of treasury.
Following the exercise of Share Options, certain Directors and Employees of the Company sold Ordinary Shares in order to satisfy tax liabilities resulting from the exercise of Share Options. Details of those Persons Discharging Managerial Responsibilities ("PDMRs") who exercised Share Options and subsequently sold Ordinary Shares are as follows:
|
PDMR |
Title |
Number of Share Options exercised |
Number of Ordinary Shares sold to satisfy tax liabilities |
Resulting shareholding |
Percentage of total voting rights |
|
Andrew Milne |
Group Chief Executive Officer |
30,435* |
12,783 |
53,894 |
0.147% |
|
Sarah Caddy |
Legal Director |
3,569 |
3,069** |
500 |
0.001% |
|
Gary Brookes |
Supply Chain & Sustainability Director |
2,152 |
904 |
1,248 |
0.003% |
*The total number of Share Options exercised by Andrew Milne includes the deferred element of the award from grant, being 27,572 Ordinary Shares, and dividend equivalents on the deferred element of the award for the period between assessment and payout, being 2,863 Ordinary Shares.
** Ordinary Shares sold by Sarah Caddy were used to satisfy tax liabilities and for personal reasons.
Total Voting Rights
The issued share capital of the Company consists of 36,968,772 Ordinary Shares of which 399,204 are held in Treasury. Therefore, the total number of Ordinary Shares carrying voting rights in the Company is 36,569,568. This figure of 36,569,568 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the Disclosure Guidance and Transparency Rules.
Enquiries:
|
Nichols plc Andrew Milne, Chief Executive Officer David Taylor, Interim Finance Director
|
0192 522 2222 |
|
Singer Capital Markets (Nominated Adviser and Broker) Jen Boorer Tom Salvesen Oliver Platts
|
0207 496 3000 Website: www.singercm.com |
|
Berenberg (Joint Broker) Clayton Bush Alix Mecklenburg-Solodkoff |
0203 207 7800
Website: www.berenberg.de
|
|
Hudson Sandler (Financial PR) Alex Brennan Hattie Dreyfus Harry Griffiths |
0207 796 4133
Email: nichols@hudsonsandler.com |
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/
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
|
1. Andrew Milne 2. Sarah Caddy 3. Gary Brookes |
|||
|
2
|
Reason for the notification |
||||
|
a)
|
Position/status
|
1. PDMR (Group Chief Executive Officer) 2. PDMR (Legal Director) 3. PDMR (Supply Chain & Sustainability 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 |
Exercise of Share Options over Ordinary Shares under Nichols Hybrid Incentive Plan |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
1. Nil pence |
30,435 |
|
|
|
|
|
2. Nil pence |
3,569 |
|
|
|
|
|
3. Nil pence |
2,152 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
N/A - single transactions |
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e)
|
Date of the transaction |
28 May 2025 |
|||
|
f)
|
Place of the transaction
|
Off market |
|||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a)
|
Name
|
1. Andrew Milne 2. Sarah Caddy 3. Gary Brookes |
|||
|
2
|
Reason for the notification |
||||
|
a)
|
Position/status
|
1. PDMR (Group Chief Executive Officer) 2. PDMR (Legal Director) 3. PDMR (Supply Chain & Sustainability 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 |
Sale of Ordinary Shares |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
1. 1,250 pence |
12,783 |
|
|
|
|
|
2. 1,250 pence |
3,069 |
|
|
|
|
|
3. 1,250 pence |
904 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
N/A - single transactions |
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e)
|
Date of the transaction |
28 May 2025 |
|||
|
f)
|
Place of the transaction
|
London Stock Exchange |
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