Grant of SAYE Options and PDMR Dealings
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Nichols plc, the diversified soft drinks Group, announces the launch of its 2026 Save As You Earn Schemes (the "2026 SAYE Scheme") for all eligible employees, offering a saving plan over 3 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 24 April 2026 at an exercise price of 736 pence in accordance with the terms of the 2026 SAYE Scheme. This represents a discount of 20% from the average mid-market closing price over three business days from Wednesday 25 March 2026 to Friday 27 March 2026 prior to the invitation made to all eligible employees on Monday 30 March 2026. The Options are exercisable from April 2029 and April 2031 respectively.
A total of 100 employees have participated in the scheme and 73,644 Options have been granted representing 0.20% of the Company's issued share capital.
The following Persons Discharging Managerial Responsibility ("PDMRs") have chosen to participate in the 2026 SAYE Scheme:
| PDMR | Title | Number of Options Granted |
| Andrew Milne | Chief Executive Officer | 2,472 |
| Helen Hartley | UK Packaged Commercial Director | 2,472 |
| Matthew Nichols | International Packaged Commercial Director | 1,236 |
| Gary Brookes | Operations Director | 989 |
| Rachel Armer | People Director | 1,483 |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Andrew Milne 2. Helen Hartley 3. Matthew Nichols 4. Gary Brookes 5. Rachel Armer |
| Reason for the notification | ||
| a) | Position/status | 1. Andrew Milne, Chief Executive Officer 2. Helen Hartley, UK Packaged Commercial Director 3. Matthew Nichols, International Packaged Commercial Director 4. Gary Brookes, Operations Director 5. Rachel Armer, 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 2026 Save as You Earn (SAYE) scheme. 3-year savings plan. |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 736 pence | 1. 2,472 2. 2,472 3. 1,236 4. 989 5. 1,483 | |
| d) | Aggregated information | |
| - Aggregated volume | Volume: 8,652 | |
| - Price | Price: 736 pence | |
| e) | Date of the transaction | 24 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.