Grant of Options
Nichols PLC has announced the grant of nil cost options over ordinary shares to seven directors and persons discharging managerial responsibilities (PDMRs) on March 16, 2026, following the completion of the 2025 financial year. The Chief Executive Officer, Andrew Milne, received the largest award of 58,590 ordinary shares, with other PDMRs receiving awards ranging from 5,335 to 6,592 shares. These options will vest on the second anniversary of the grant date, contingent on continued employment, and have no additional performance conditions.
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Nichols plc, the diversified soft drinks Group, announces that on 16 March 2026 it made awards of nil cost options over ordinary shares of 10p each ("Awards" and "Ordinary Shares") to certain directors and persons discharging managerial responsibility ("PDMRs") of the Company.
The Awards have been granted over a maximum number of Ordinary Shares shown below. The Award is being made following completion of the financial year ending 31 December 2025 pursuant to the terms of the Nichols Hybrid Incentive Plan. The Awards will vest on the second anniversary of the date of grant, subject to the continued employment of the PDMR with the Group. No other performance conditions apply.
The details of the Awards are as follows:
| PDMR | Title | Number of Ordinary Shares subject to Award |
|---|---|---|
| Andrew Milne | Chief Executive Officer | 58,590 |
| Helen Hartley | UK Packaged Commercial Director | 5,335 |
| Ed Shoebridge | Out of Home Sales Director | 6,592 |
| Gary Brookes | Operations Director | 6,522 |
| Rachel Armer | People Director | 5,866 |
| Angela Reay | Marketing Director | 5,653 |
| Sarah Caddy | Legal Director | 6,001 |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Andrew Milne 2. Helen Hartley 3. Ed Shoebridge 4. Gary Brookes 5. Rachel Armer 6. Angela Reay 7. Sarah Caddy |
| Reason for the notification | ||
| a) | Position/status | 1. Andrew Milne, Chief Executive Officer 2. Helen Hartley, UK Packaged Commercial Director 3. Edward Shoebridge, Out of Home Sales Director 4. Gary Brookes, Operations Director 5. Rachel Armer, People Director 6. Angela Reay, Marketing Director 7. Sarah Caddy, Legal 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 |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 1. 58,590 2. 5,335 3. 6,592 4. 6,522 5. 5,866 6. 5,653 7. 6,001 | |
| d) | Aggregated information | |
| - Aggregated volume | N/A - single transaction | |
| - Price | ||
| e) | Date of the transaction | 16 March 2026 |
| 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.