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 23, 2026, under its Long Term Incentive Plan. The Chief Executive Officer, Andrew Milne, received the largest award of 62,376 shares, with other PDMRs receiving awards ranging from 6,058 to 7,486 shares. These options will vest on the third anniversary of the grant date, contingent on continued employment and performance conditions, and are intended to align executive interests with shareholder value and support talent retention.
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Nichols plc, the diversified soft drinks Group, announces that on 23 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 under the terms of the Nichols Long Term Incentive Plan ("LTIP"). Vesting will occur on the third anniversary of the grant date, subject to continued employment and the achievement of the applicable performance conditions.
In 2025, the Company undertook a full review of its remuneration policy. The introduction of the LTIP is intended to ensure that the Company's remuneration arrangements remain competitive, support the attraction and retention of key talent, align with market practice and the interests of shareholders and ensure Executive Directors' interests are aligned with the delivery of the Group's medium‑ to long‑term strategic objectives.
The details of the Awards are as follows:
| PDMR | Title | Number of Ordinary Shares subject to Award |
|---|---|---|
| Andrew Milne | Chief Executive Officer | 62,376 |
| Helen Hartley | UK Packaged Commercial Director | 6,058 |
| Ed Shoebridge | Out of Home Sales Director | 7,486 |
| Gary Brookes | Operations Director | 7,407 |
| Rachel Armer | People Director | 6,662 |
| Angela Reay | Marketing Director | 6,419 |
| Sarah Caddy | Legal Director | 6,815 |
| 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. 62,376 2. 6,058 3. 7,486 4. 7,407 5. 6,662 6. 6,419 7. 6,815 | |
| d) | Aggregated information | |
| - Aggregated volume | N/A - single transaction | |
| - Price | ||
| e) | Date of the transaction | 23 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.