Nichols : Grant of Options

Nichols plc

(the 'Company')

Grant of Options

The Company today announces that it has granted options for nil consideration over a total of 34,153 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 £15.55 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: [phone]
	Website: www.nicholsplc.co.uk
	Alex Brennan	Richard Lindley / James White
	Hudson Sandler	N+1 Singer (Nominated Adviser)
	Telephone: [phone]	Telephone: [phone]
	Email: [e-mail]

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	Andrew Milne
2	Reason for the notification
a)	Position/status	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 13,578 £15.55 1,929
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	13/06/2018
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	PDMR
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 3,684 £15.55 1,929
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	13/06/2018
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	PDMR
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 2,921 £15.55 1,929
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	13/06/2018
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	PDMR
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 3,086 £15.55 1,929
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	13/06/2018
f)	Place of the transaction	Off market
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Hammersley
2	Reason for the notification
a)	Position/status	PDMR
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 2,443 £15.55 1,929
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	13/06/2018
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	PDMR
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 2,086 £15.55 1,929
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	13/06/2018
f)	Place of the transaction	Off market
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christine Shillington
2	Reason for the notification
a)	Position/status	PDMR
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 2,700 £15.55 1,929
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	13/06/2018
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	PDMR
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 2,171 £15.55 1,929
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	13/06/2018
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	PDMR
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 1,484 £15.55 1,484
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	13/06/2018
f)	Place of the transaction	Off market