Grant of SAYE Options and PDMR Dealings
Company launches 2025 SAYE schemes with options granted to 66 employees at 1,027 pence per share.
- Exercise price 1,027 pence per share
- Discount to market 20%
- Total options granted 24,953
- Employees participated 66
- Percentage of issued share capital 0.07%
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Nichols plc, the diversified soft drinks Group, announces that it has launched two 2025 Save As You Earn Schemes (the "2025 SAYE Scheme") for all eligible employees, one offering saving plans over 3 years, the other 5 years.
Eligible 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 29 April 2025 at an exercise price of 1,027 pence in accordance with the terms of the 2025 SAYE Scheme. This represents a discount of 20% from the average mid-market closing price for an Ordinary Share on the 3 business days from Monday 31 March 2025 to Wednesday 2 April 2025 prior to the invitation made to all eligible employees on Friday 4 April 2025. The Options are exercisable from April 2028 and April 2030 respectively.
A total of 66 employees have participated in the scheme and 24,953 Options have been granted representing 0.07% of the Company's issued share capital.
PDMR Title Number of Options Granted
Gary Brookes Supply Chain and Sustainability Director 716
Rachel Armer People Director 716
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Gary Brookes |
| 2 | Reason for the notification | |
| a) | Position/status | S upply Chain and Sustainability Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Nichols plc |
| b) | LEI | 213800EF5CMR3K8PND54 |
| 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 under the 2025 Save as You Earn (SAYE) scheme. 3-year savings plan. |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1027 pence | 716 | |
| d) | Aggregated information | |
| - Aggregated volume | N/A - single transaction | |
| - Price | ||
| e) | Date of the transaction | 29 April 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Rachel Armer |
| 2 | Reason for the notification | |
| a) | Position/status | People Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Nichols plc |
| b) | LEI | 213800EF5CMR3K8PND54 |
| 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 under the 2025 Save as You Earn (SAYE) scheme. 3-year savings plan. |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1027 pence | 716 | |
| d) | Aggregated information | |
| - Aggregated volume | N/A - single transaction | |
| - Price | ||
| e) | Date of the transaction | 29 April 2025 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.