Last checked at 11 Jun 2020 07:00
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 2020 Save As You Earn Schemes (the 2020 "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 15 April 2020 at an exercise price of 793 pence in accordance with the terms of the 2020 SAYE Scheme. This represents a discount of 20% from the average mid-market closing price for an Ordinary Share on the 3 days from Thursday 19 March 2020 to Monday 23 March 2020 prior to the invitation on Thursday 26 March 2020.
A total of 122 employees have participated in the scheme and 118,109 Options have been granted representing 0.32% of the Company's issued share capital.
The following Persons Discharging Managerial Responsibility (PDMRs) have chosen to participate in the 2020 SAYE Scheme:
PDMR Title Options granted
Andrew Milne Chief Operating Officer 1513
David Rattigan Chief Financial Officer 2269
Nicholas Gamble UK Sales Director 2269
Nicholas Yates OOH Sales and Operations Director 1134
Matthew Nichols International Director 1891
Emma Hunt Marketing Director 1361
Christine Shillington People Director 1361
Nigel Rouch IT Director 680
In addition to the 2020 SAYE Scheme noted above, current PDMRs also hold outstanding Options in previous SAYE schemes as advised below:
2019 SAYE Scheme Options granted on 10th April 2019 with an exercise price of £12.84:
Marnie Millard Chief Executive Officer 700 (3 years)
Emma Hunt Marketing Director 420 (3 years)
Christine Shillington People Director 560 (3 years)
Marcella Kain Operations Director 2336 (5 years)
2018 SAYE Scheme Options granted on 11 April 2018 with an exercise price £12.25:
Marnie Millard Chief Executive Officer 734 (3 years)
Andrew Milne Chief Operating Officer 587 (3 years)
Matthew Nichols International Director 1224 (5 years)
Emma Hunt Marketing Director 146 (3 years)
2017 SAYE Scheme Options granted on 12 April 2017 with an exercise price £14.573:
Andrew Milne Chief Operating Officer 494 (3 years)
2016 SAYE Scheme Options granted on 12 April 2016 with an exercise price £9.939:
Andrew Milne Chief Operating Officer 603 (5 years)
Nicholas Yates OOH Sales and Operations Director 1509 (5 years)
2015 SAYE Scheme Options granted on 16 April 2015 with an exercise price £9.509:
Nicholas Yates OOH Sales and Operations Director 1577 (5 years)
Total Options granted to all employees participating in SAYE schemes and still outstanding at 9 June 2020 amount to 179,103 representing 0.49% of the Company's issued share capital.
Contacts
Marnie Millard, Group Chief Executive Officer Andrew Milne, Group Chief Operating Officer David Rattigan, Group Chief Financial Officer
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Nichols plc | |
Telephone: 0192 522 2222 | |
Website: www.nicholsplc.co.uk | |
Alex Brennan / Hattie Dreyfus | Steve Pearce / Rachel Hayes |
Hudson Sandler | N+1 Singer (Nomad & Broker) |
Telephone: 0207 796 4133 | Telephone: 0207 496 3000 |
Email: nichols@hudsonsandler.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.
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 Operating 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. 5-year savings plan. | |||
c) | Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| £7.93 | 1513 |
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d) | Aggregated information |
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- Aggregated volume | 1513 | ||||
- Price | £7.93 | ||||
e) | Date of the transaction | 15 April 2020 | |||
f) | Place of the transaction | Outside a trading venue | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | David Rattigan | |||
2 | Reason for the notification | ||||
a) | Position/status | Chief Financial 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) |
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| Price(s) | Volume(s) |
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| £7.93 | 2269 |
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d) | Aggregated information |
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- Aggregated volume | 2269 | ||||
- Price | £7.93 | ||||
e) | Date of the transaction | 15 April 2020 | |||
f) | Place of the transaction | Outside a trading venue | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Nicholas Gamble | |||
2 | Reason for the notification | ||||
a) | Position/status | UK Sales 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) |
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|
| £7.93 | 2269 |
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d) | Aggregated information |
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- Aggregated volume | 2269 | ||||
- Price | £7.93 | ||||
e) | Date of the transaction | 15 April 2020 | |||
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) |
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|
|
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| Price(s) | Volume(s) |
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| £7.93 | 1134 |
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d) | Aggregated information |
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- Aggregated volume | 1134 | ||||
- Price | £7.93 | ||||
e) | Date of the transaction | 15 April 2020 | |||
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) |
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|
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| Price(s) | Volume(s) |
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| £7.93 | 1891 |
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d) | Aggregated information |
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- Aggregated volume | 1891 | ||||
- Price | £7.93 | ||||
e) | Date of the transaction | 15 April 2020 | |||
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) |
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|
|
|
|
| Price(s) | Volume(s) |
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|
| £7.93 | 1361 |
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d) | Aggregated information |
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- Aggregated volume | 1361 | ||||
- Price | £7.93 | ||||
e) | Date of the transaction | 15 April 2020 | |||
f) | Place of the transaction | Outside a trading venue | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Christine Shillington | |||
2 | Reason for the notification | ||||
a) | Position/status | People 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) |
| |
|
| £7.93 | 1361 |
| |
d) | Aggregated information |
| |||
- Aggregated volume | 1361 | ||||
- Price | £7.93 | ||||
e) | Date of the transaction | 15 April 2020 | |||
f) | Place of the transaction | Outside a trading venue | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Nigel Rouch | |||
2 | Reason for the notification | ||||
a) | Position/status | IT 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) |
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|
|
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| Price(s) | Volume(s) |
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| £7.93 | 680 |
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d) | Aggregated information |
| |||
- Aggregated volume | 680 | ||||
- Price | £7.93 | ||||
e) | Date of the transaction | 15 April 2020 | |||
f) | Place of the transaction | Outside a trading venue | |||