9 Jun 2017 08:18
Nichols plc
(the "Company")
Grant of Options
The Company today announces that it has granted options for nil consideration over a total of 181,396 ordinary shares of 10 pence each to certain of its employees under the Company's Long Term Incentive Plan (the "LTIP") together with linked options granted under Schedule A (United Kingdom - CSOP Options) to the LTIP (the "CSOP"), as approved by its remuneration committee. The LTIP options may be exercised for nil cost, while the CSOP options are exercisable at £17.02 per ordinary share. Both sets of options will vest subject to achievement of profit-based financial targets on 6 June 2020.
The LTIP options and linked CSOP options have been granted together to allow, where possible, the option holder to receive any gain on their LTIP option in a tax efficient manner. The option holder will receive the same gross gain as they would have received had they only been granted the LTIP option. At the time of exercise, to the extent that there is a gain on the CSOP option, the option granted under the LTIP will be forfeited to the same value.
Details of options granted to persons discharging managerial responsibility are set out below in compliance with Article 19 of Regulation 596/2014.
Contacts: | John Nichols, Non-Executive Chairman | |
Marnie Millard, Group Chief Executive Officer Tim Croston, Group Chief Financial OfficerAndrew Milne, Group Commercial Director | ||
Nichols plc | ||
Telephone: 01925 222222 | ||
Website: www.nicholsplc.co.uk | ||
|
| |
Alex Brennan | Richard Lindley / James White | |
Hudson Sandler | N+1 Singer (Nominated Adviser) | |
Telephone: 020 7796 4133 | Telephone: 0207 496 3000 | |
Email: nichols@hspr.com |
| |
Notes to Editors:
Nichols 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, Levi Roots and Sunkist.
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Marnie Millard | ||||||
2
| Reason for the notification
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a)
| Position/status
| CEO | ||||||
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)
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| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||||
e)
| Date of the transaction
| 06/06/2017 | ||||||
f)
| Place of the transaction
| Off market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Tim Croston | ||||||
2
| Reason for the notification
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a)
| Position/status
| CFO | ||||||
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)
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d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||||
e)
| Date of the transaction
| 06/06/2017 | ||||||
f)
| Place of the transaction
| Off market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Andrew Milne | ||||||
2
| Reason for the notification
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a)
| Position/status
| Group commercial 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
| 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)
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| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||||
e)
| Date of the transaction
| 06/06/2017 | ||||||
f)
| Place of the transaction
| Off market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Simon Hunt-Brown | ||||||
2
| Reason for the notification
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a)
| Position/status
| Employee | ||||||
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
| 06/06/2017 | ||||||
f)
| Place of the transaction
| Off market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Nick Yates | ||||||
2
| Reason for the notification
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a)
| Position/status
| Employee | ||||||
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
| 06/06/2017 | ||||||
f)
| Place of the transaction
| Off market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Andrew Johnson | ||||||
2
| Reason for the notification
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a)
| Position/status
| Employee | ||||||
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
| 06/06/2017 | ||||||
f)
| Place of the transaction
| Off market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Marcella Kain | ||||||
2
| Reason for the notification
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a)
| Position/status
| Employee | ||||||
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
| 06/06/2017 | ||||||
f)
| Place of the transaction
| Off market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Emma Hunt | ||||||
2
| Reason for the notification
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a)
| Position/status
| Employee | ||||||
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
| 06/06/2017 | ||||||
f)
| Place of the transaction
| Off market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Allan Doyle | ||||||
2
| Reason for the notification
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a)
| Position/status
| Employee | ||||||
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
| 06/06/2017 | ||||||
f)
| Place of the transaction
| Off market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Lynne Poole | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Employee | ||||||
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
| 06/06/2017 | ||||||
f)
| Place of the transaction
| Off market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Gillian Long | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Employee | ||||||
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
| 06/06/2017 | ||||||
f)
| Place of the transaction
| Off market | ||||||
Nichols plc (NICL)