Grant of Options

Nichols PLC

24 March 2026

 

24 March 2026

(the "Company" or the "Group")

Grant of Options

Nichols plc, the diversified soft drinks Group, announces that on 23 March 2026 it made awards of nil cost options over ordinary shares of 10p each ("Awards" and "Ordinary Shares") to certain directors and persons discharging managerial responsibility ("PDMRs") of the Company.

The Awards have been granted over a maximum number of Ordinary Shares shown below. The Award is being made under the terms of the Nichols Long Term Incentive Plan ("LTIP"). Vesting will occur on the third anniversary of the grant date, subject to continued employment and the achievement of the applicable performance conditions.

In 2025, the Company undertook a full review of its remuneration policy. The introduction of the LTIP is intended to ensure that the Company's remuneration arrangements remain competitive, support the attraction and retention of key talent, align with market practice and the interests of shareholders and ensure Executive Directors' interests are aligned with the delivery of the Group's medium‑ to long‑term strategic objectives.

The details of the Awards are as follows:

PDMR	Title	Number of Ordinary Shares subject to Award
Andrew Milne	Chief Executive Officer	62,376
Helen Hartley	UK Packaged Commercial Director	6,058
Ed Shoebridge	Out of Home Sales Director	7,486
Gary Brookes	Operations Director	7,407
Rachel Armer	People Director	6,662
Angela Reay	Marketing Director	6,419
Sarah Caddy	Legal Director	6,815

Contacts

Nichols plc Andrew Milne, Chief Executive Officer Rebecca Hughes, Interim Finance Director Telephone: [phone] Singer Capital Markets (NOMAD & Broker) Jen Boorer / Sara Hale Telephone: [phone] Website: www.singercm.com Berenberg (Joint Broker) Clayton Bush / Alix Mecklenburg-Solodkoff Telephone: [phone] Website: www.berenberg.de Hudson Sandler (Financial PR) Alex Brennan / Hattie Dreyfus / Harry Griffiths Telephone: [phone] Email: [e-mail] 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.     Helen Hartley 3.     Ed Shoebridge 4.     Gary Brookes 5.     Rachel Armer 6.     Angela Reay 7.     Sarah Caddy
	Reason for the notification
a)	Position/status	1.     Andrew Milne, Chief Executive Officer 2.     Helen Hartley, UK Packaged Commercial Director 3.     Edward Shoebridge, Out of Home Sales Director 4.     Gary Brookes, Operations Director 5.     Rachel Armer, People Director 6.     Angela Reay, Marketing Director 7.     Sarah Caddy, 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	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			nil	1.     62,376 2.     6,058 3.     7,486 4.     7,407 5.     6,662 6.     6,419 7.     6,815
d)	Aggregated information
	- Aggregated volume	N/A - single transaction
	- Price
e)	Date of the transaction	23 March 2026
f)	Place of the transaction	Outside a trading venue

 

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