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Nichols PLC (NICL)

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Friday 16 April, 2021

Nichols PLC

Grant of SAYE Options and PDMR Dealings

RNS Number : 7750V
Nichols PLC
16 April 2021
 

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 2021 Save As You Earn Schemes (the 2021 "SAYE" Scheme) for all eligible employees, one offering saving plans over 3 years, the other 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 have been granted on 16 April 2021 at an exercise price of 1,015 pence in accordance with the terms of the 2021 SAYE Scheme. This represents a discount of 20% to the average mid-market closing price for an Ordinary Share on the 3 business days from Friday 19 March 2021 to Tuesday 23 March 2021 prior to the invitation made to all eligible employees on Friday 26 March 2021 to participate in the scheme.

A total of 82 employees have chosen to participate in the scheme and, accordingly, 35,065 Options have been granted representing 0.09% of the Company's issued share capital.

The following Persons Discharging Managerial Responsibility (PDMRs) have chosen to participate in the 2021 SAYE Scheme:

PDMR

Title

Options granted

Andrew Milne

Chief Executive Officer

1,064 (3 years)

Matthew Nichols

International Director 

1,477 (5 years)

Nicholas Yates 

OOH Sales and Operations Director

886 (3 years)

Emma Hunt

Marketing Director

177 (3 years)

 

Contacts


Andrew Milne, Group Chief Executive Officer

David Rattigan, Group Chief Financial Officer

 

Nichols plc

Telephone: 0192 522 2222

Website: www.nicholsplc.co.uk



Alex Brennan / Elfie Kent

Steve Pearce / Rachel Hayes

Hudson Sandler

N+1 Singer (Nominated Adviser and Broker)

Telephone: 0207 796 4133

Telephone: 0207 496 3000

Email: [email protected]

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

Chief Executive 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

Ordinary Shares of 10p each

 

Identification code

ISIN Code: GB0006389398

b)

 

Nature of the transaction

 

Grant of options under the Save as You Earn (SAYE) scheme.

3-year savings plan.

c) 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

1,015 pence

1,064

 

d)

Aggregated information

 

- Aggregated volume

N/A - single transaction

- Price

 

e)

Date of the transaction

16 April 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Matthew Nichols

2

Reason for the notification

a)

Position/status

International 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

 

Grant of options under the Save as You Earn (SAYE) scheme.

5-year savings plan.

c) 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

1,015 pence

1,477

 

d)

Aggregated information

 

- Aggregated volume

N/A - single transaction

- Price

 

e)

Date of the transaction

16 April 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nicholas Yates

2

Reason for the notification

a)

Position/status

OOH Sales and 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

Ordinary Shares of 10p each

 

Identification code

ISIN Code: GB0006389398

b)

 

Nature of the transaction

 

Grant of options under the Save as You Earn (SAYE) scheme.

3-year savings plan.

c) 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

1,015 pence

886

 

d)

Aggregated information

 

- Aggregated volume

N/A - single transaction

- Price

 

e)

Date of the transaction

16 April 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Emma Hunt

2

Reason for the notification

a)

Position/status

Marketing 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

 

Grant of options under the Save as You Earn (SAYE) scheme.

3-year savings plan.

c) 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

1,015 pence

177

 

d)

Aggregated information

 

- Aggregated volume

N/A - single transaction

- Price

 

e)

Date of the transaction

16 April 2021

f)

Place of the transaction

Outside a trading venue

 

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