Grant of Options
Nichols PLC announced on April 24, 2026, that it granted nil cost options to Chief Financial Officer Matthew Rothwell under its Long Term Incentive Plan. This includes an annual LTIP award of 38,506 ordinary shares vesting on the third anniversary, subject to performance conditions, and a replacement award of 16,095 ordinary shares valued at £150,000 at grant, vesting in three equal tranches over the next three years without additional performance conditions.
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Nichols plc, the diversified soft drinks Group, announces that on 20 April 2026 it made awards of nil cost options over ordinary shares of 10p each ("Awards" and "Ordinary Shares") to Matthew Rothwell, a person discharging managerial responsibility ("PDMR") 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").
Two awards have been granted to Matthew Rothwell as follows:
An annual Long Term Incentive Plan ("LTIP") award, which will vest on the third anniversary of the grant date, subject to continued employment and the achievement of the applicable performance conditions.
A further award, in accordance with the offer detailed in the Company's 2025 Annual Report, has been granted to compensate for incentives forfeited upon joining the Group. This replacement award will vest in three equal tranches on the first, second and third anniversaries of the grant date, namely 20 April 2027, 20 April 2028, and 20 April 2029, subject to continued employment within the Group. No additional performance conditions apply to this award. The market value of the award at grant was £150,000.
The details of the Awards are as follows:
| PDMR | Title | Number of Ordinary Shares subject to LTIP Award | Number of Ordinary Shares subject to Replacement Award |
| Matthew Rothwell | Chief Financial Officer | 38506 | 16095 |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | 1. Matthew Rothwell | |
| Reason for the notification | |||
| a) | Position/status | 1. Matthew Rothwell, Chief Financial Officer | |
| 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 | 1. Grant of options under LTIP 2. Grant of options under replacement award | |
| c) | Price(s) and volume(s) | ||
| Price(s) | Volume(s) | ||
| nil | 1. 38506 2. 16095 | ||
| d) | Aggregated information | ||
| - Aggregated volume | N/A - single transaction | ||
| - Price | |||
| e) | Date of the transaction | 20 th April 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.