Nichols : Grant of Options

Nichols plc

(the 'Company')

Grant of Options

The Company announces that on 1 May 2019 options (the 'LTIP Options') were granted for nil consideration over a total of 59,600 ordinary shares of 10 pence each in the Company ('Ordinary Shares') to certain PDMRs under the Company's Long Term Incentive Plan, as approved by its remuneration committee. The LTIP Options may be exercised for nil cost on 1 May 2022, subject to the achievement of profit-based financial targets for the Company for the years ended 31 December 2019, 2020 and 2021.

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

Contacts:
	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 / Rachel Hayes
	Hudson Sandler	N+1 Singer (Nominated Adviser)
	Telephone: [phone]	Telephone: [phone]
	Email: [e-mail]	Website: www.n1singer.com

Notes to Editors:

Nichols plc 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, ICEE, 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	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 12,828
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	01/05/2019
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 3,334
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	01/05/2019
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 2,643
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	01/05/2019
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 2,793
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	01/05/2019
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 13,610
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	01/05/2019
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 2,260
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	01/05/2019
f)	Place of the transaction	Off market
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Chris 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 2,444
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	01/05/2019
f)	Place of the transaction	Off market

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 19,688
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	01/05/2019
f)	Place of the transaction	Off market