Nichols plc

(the'Company')

Grant of Options

The Company today announces that it has granted options for nil consideration over a total of 181,396 ordinary shares of 10 pence each to certain of its employees under the Company's Long Term Incentive Plan (the 'LTIP') together with linked options granted under Schedule A (United Kingdom - CSOP Options) to the LTIP (the 'CSOP'), as approved by its remuneration committee. The LTIP options may be exercised for nil cost, while the CSOP options are exercisable at £17.02 per ordinary share. Both sets of options will vest subject to achievement of profit-based financial targets on 6 June 2020.

The LTIP options and linked CSOP options have been granted together to allow, where possible, the option holder to receive any gain on their LTIP option in a tax efficient manner. The option holder will receive the same gross gain as they would have received had they only been granted the LTIP option. At the time of exercise, to the extent that there is a gain on the CSOP option, the option granted under the LTIP will be forfeited to the same value.

Details of options granted to persons discharging managerial responsibility are set out below in compliance with Article 19 of Regulation 596/2014.

Contacts:

John Nichols, Non-Executive Chairman

Marnie Millard, Group Chief Executive Officer

Tim Croston, Group Chief Financial Officer
Andrew Milne, Group Commercial Director

Nichols plc

Telephone: 01925 222222

Website: www.nicholsplc.co.uk

Alex Brennan

Richard Lindley / James White

Hudson Sandler

N+1 Singer(Nominated Adviser)

Telephone: 020 7796 4133

Telephone: 0207 496 3000

Email: nichols@hspr.com

Notes to Editors:

Nichols is an international soft drinks business with sales in over 85 countries, selling products in both the Still and Carbonate categories. The Group is home to the iconic Vimto brand which is popular in the UK and around the world, particularly in the Middle East and Africa. Other brands in its portfolio include Feel Good, Starslush, Levi Roots and Sunkist.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Marnie Millard

2

Reason for the notification

a)

Position/status

CEO

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nichols plc

b)

LEI

213800EF5CMR3K8PND54

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options over New Ordinary Shares of 10p each in Nichols plc

ISIN Code: GB0006389398

b)

Nature of the transaction

Grant of Share Options

c)

Price(s) and volume(s)

Exercise price:

Volume(s):

£nil

55,522

£17.02

1,762

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

06/06/2017

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tim Croston

2

Reason for the notification

a)

Position/status

CFO

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nichols plc

b)

LEI

213800EF5CMR3K8PND54

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options over New Ordinary Shares of 10p each in Nichols plc

ISIN Code: GB0006389398

b)

Nature of the transaction

Grant of Share Options

c)

Price(s) and volume(s)

Exercise price:

Volume(s):

£nil

38,507

£17.02

1,762

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

06/06/2017

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Milne

2

Reason for the notification

a)

Position/status

Group commercial director

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nichols plc

b)

LEI

213800EF5CMR3K8PND54

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options over New Ordinary Shares of 10p each in Nichols plc

ISIN Code: GB0006389398

b)

Nature of the transaction

Grant of Share Options

c)

Price(s) and volume(s)

Exercise price:

Volume(s):

£nil

36,716

£17.02

1,762

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

06/06/2017

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Simon Hunt-Brown

2

Reason for the notification

a)

Position/status

Employee

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nichols plc

b)

LEI

213800EF5CMR3K8PND54

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options over New Ordinary Shares of 10p each in Nichols plc

ISIN Code: GB0006389398

b)

Nature of the transaction

Grant of Share Options

c)

Price(s) and volume(s)

Exercise price:

Volume(s):

£nil

12,721

£17.02

1,762

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

06/06/2017

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nick Yates

2

Reason for the notification

a)

Position/status

Employee

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nichols plc

b)

LEI

213800EF5CMR3K8PND54

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options over New Ordinary Shares of 10p each in Nichols plc

ISIN Code: GB0006389398

b)

Nature of the transaction

Grant of Share Options

c)

Price(s) and volume(s)

Exercise price:

Volume(s):

£nil

9,962

£17.02

1,762

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

06/06/2017

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Johnson

2

Reason for the notification

a)

Position/status

Employee

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nichols plc

b)

LEI

213800EF5CMR3K8PND54

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options over New Ordinary Shares of 10p each in Nichols plc

ISIN Code: GB0006389398

b)

Nature of the transaction

Grant of Share Options

c)

Price(s) and volume(s)

Exercise price:

Volume(s):

£nil

7,899

£17.02

1,762

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

06/06/2017

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Marcella Kain

2

Reason for the notification

a)

Position/status

Employee

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nichols plc

b)

LEI

213800EF5CMR3K8PND54

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options over New Ordinary Shares of 10p each in Nichols plc

ISIN Code: GB0006389398

b)

Nature of the transaction

Grant of Share Options

c)

Price(s) and volume(s)

Exercise price:

Volume(s):

£nil

7,010

£17.02

1,762

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

06/06/2017

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Emma Hunt

2

Reason for the notification

a)

Position/status

Employee

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nichols plc

b)

LEI

213800EF5CMR3K8PND54

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options over New Ordinary Shares of 10p each in Nichols plc

ISIN Code: GB0006389398

b)

Nature of the transaction

Grant of Share Options

c)

Price(s) and volume(s)

Exercise price:

Volume(s):

£nil

5,642

£17.02

1,762

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

06/06/2017

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Allan Doyle

2

Reason for the notification

a)

Position/status

Employee

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nichols plc

b)

LEI

213800EF5CMR3K8PND54

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options over New Ordinary Shares of 10p each in Nichols plc

ISIN Code: GB0006389398

b)

Nature of the transaction

Grant of Share Options

c)

Price(s) and volume(s)

Exercise price:

Volume(s):

£nil

2,936

£17.02

1,762

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

06/06/2017

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lynne Poole

2

Reason for the notification

a)

Position/status

Employee

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nichols plc

b)

LEI

213800EF5CMR3K8PND54

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options over New Ordinary Shares of 10p each in Nichols plc

ISIN Code: GB0006389398

b)

Nature of the transaction

Grant of Share Options

c)

Price(s) and volume(s)

Exercise price:

Volume(s):

£nil

2,474

£17.02

1,762

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

06/06/2017

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gillian Long

2

Reason for the notification

a)

Position/status

Employee

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nichols plc

b)

LEI

213800EF5CMR3K8PND54

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options over New Ordinary Shares of 10p each in Nichols plc

ISIN Code: GB0006389398

b)

Nature of the transaction

Grant of Share Options

c)

Price(s) and volume(s)

Exercise price:

Volume(s):

£nil

2,007

£17.02

1,762

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

06/06/2017

f)

Place of the transaction

Off market

Nichols plc published this content on 09 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 June 2017 07:28:34 UTC.

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