Exercise of Options, Director/PDMR Dealing & TVR
Nichols PLC announced that on August 26, 2026, options for 80,267 ordinary shares were exercised at a nil price, with 80,267 shares transferred from treasury. Following this, several Directors and PDMRs sold a total of 37,725 ordinary shares to cover tax liabilities, including the CEO, Andrew Milne, who sold 29,517 shares. The total number of ordinary shares carrying voting rights is now 36,574,850.
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Nichols plc, the diversified soft drinks Group, announces that on 26 August 2026 options over, in aggregate, 80,267 ordinary shares of 10 pence each in the Company ("Ordinary Shares") were exercised following the vesting of deferred share awards previously granted under the Company's Hybrid Incentive Plan. The options were exercised at a nil exercise price and represent the normal settlement of awards made under the Company's remuneration arrangements. To satisfy the exercise of the options, 80,267 Ordinary Shares were transferred out of treasury.
Following the exercise of Share Options, certain Directors and Employees of the Company sold Ordinary Shares in order to satisfy tax liabilities resulting from the exercise of Share Options. Details of those Persons Discharging Managerial Responsibilities ("PDMRs") who exercised Share Options and subsequently sold Ordinary Shares are as follows:
| PDMR | Title | Number of Share Options exercised | Number of Ordinary Shares sold to satisfy tax liabilities | Resulting shareholding | Percentage of total voting rights |
|---|---|---|---|---|---|
| Andrew Milne | Chief Executive Officer | 62,802 | 29,517 | 33,285 | 0.091% |
| Gary Brookes | Operations Director | 5,822 | 2,736 | 3,086 | 0.008% |
| Sarah Caddy | Legal Director | 5,406 | 2,541 | 2,865 | 0.008% |
| Angela Reay | Marketing Director | 3,267 | 1,535 | 1,732 | 0.005% |
| Ed Shoebridge | Out of Home Commercial Director | 2,970 | 1,396 | 1,574 | 0.004% |
Total Voting Rights
The issued share capital of the Company consists of 36,968,772 Ordinary Shares of which 393,922 are held in Treasury. Therefore, the total number of Ordinary Shares carrying voting rights in the Company is 36,574,850. This figure of 36,574,850 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the Disclosure Guidance and Transparency Rules.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Andrew Milne 2. Gary Brookes 3. Sarah Caddy 4. Angela Reay 5. Ed Shoebridge |
| Reason for the notification | ||
| a) | Position/status | 1. Andrew Milne, Chief Executive Officer 2. Gary Brookes, Operations Director 3. Sarah Caddy, Legal Director 4. Angela Reay, Marketing Director 5. Ed Shoebridge, Out of Home Commercial 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 | Exercise of Share Options over Ordinary Shares under the Company's Hybrid Incentive Plan |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| Nil pence | 1. 62,802 2. 5,822 3. 5,406 4. 3,267 5. 2,970 | |
| d) | Aggregated information | |
| - Aggregated volume | Volume: 80,267 | |
| - Price | Price: Nil pence | |
| e) | Date of the transaction | 26 August2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Andrew Milne 2. Gary Brookes 3. Sarah Caddy 4. Angela Reay 5. Ed Shoebridge |
| Reason for the notification | ||
| a) | Position/status | 1. Andrew Milne, Chief Executive Officer 2. Gary Brookes, Operations Director 3. Sarah Caddy, Legal Director 4. Angela Reay, Marketing Director 5. Ed Shoebridge, Out of Home Commercial 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 | Sale of Ordinary Shares |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| Nil pence | 1. 29,517 2. 2,736 3. 2,541 4. 1,535 5. 1,396 | |
| d) | Aggregated information | |
| - Aggregated volume | Volume: 37,725 | |
| - Price | Price: Nil pence | |
| e) | Date of the transaction | 26 August 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.