Last checked at 14 May 2019 09:16
Nichols plc
(the "Company")
Grant of Options
The Company announces that on 13 May 2019, options (the "LTIP Options") were granted for nil consideration over 2,486 ordinary shares of 10 pence each in the Company ("Ordinary Shares") to Matthew Nichols (PDMR) under the Company's Long Term Incentive Plan, as approved by its remuneration committee. The LTIP Options may be exercised for nil cost on 1 May 2022, subject to the achievement of profit-based financial targets for the Company for the years ended 31 December 2019, 2020 and 2021.
Further details regarding the LTIP Options are set out below in compliance with Article 19 of Regulation 596/2014.
Contacts: | ||
Marnie Millard, Group Chief Executive Officer Tim Croston, Group Chief Financial OfficerAndrew Milne, Group Commercial Director | ||
Nichols plc | ||
Telephone: 0192 522 2222 | ||
Website: www.nicholsplc.co.uk | ||
Alex Brennan | Richard Lindley / Rachel Hayes | |
Hudson Sandler | N+1 Singer (Nominated Adviser) | |
Telephone: 0207 796 4133 | Telephone: 0207 496 3000 | |
Email: nichols@hspr.com | 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.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Matthew Nichols | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| PDMR | ||||||
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
| Options over new ordinary shares of 10p each in Nichols plc
ISIN Code: GB0006389398 | ||||||
b)
| Nature of the transaction
| Grant of share options | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||||
e)
| Date of the transaction
| 13/05/2019 | ||||||
f)
| Place of the transaction
| Off market | ||||||