The Magnum Ice Cream Company N.V.
(TMICC or the Company)
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)
The Company notifies the following change in interests in the ordinary shares of EUR3.50 each (Shares) of PDMRs, arising pursuant to the grant of the following share awards:
(i) 2023 Replacement Performance Share Plan (PSP) Awards and Replacement Targeted Share Awards (TSA):
The replacement awards are share awards for employees (including Directors) who, at the time of the Demerger, held unvested awards under the Unilever Share Plan 2017. These replacement awards are granted under The Magnum Ice Cream Company Long Term Incentive Plan 2025 over TMICC Shares on substantially equivalent terms and with a value equivalent to the Unilever shares subject to the relevant Unilever award that lapsed due to the application of time pro-rating.
(ii) Rollover awards
Unilever Restricted Stock Unit awards held as at the time of the Demerger are exchanged for substantially equivalent awards over TMICC Shares, which will vest on their original vesting date(s), subject to continued employment/service with the TMICC Group and maintaining satisfactory levels of personal performance. Awards will continue to be governed by the Unilever Share Plan 2017, which was adopted by TMICC for this purpose.
(iii) Celebration Award
The Celebration Award (operated under The Magnum Ice Cream Company Celebration Award Plan) is a one-off share award over the same number of TMICC Shares to each employee who was part of the TMICC Group at the completion of the Demerger. Directors are not eligible to receive this award.
Malus and clawback provisions apply to all awards
The number of Shares granted was determined by taking the average closing share prices (on Euronext Amsterdam, London Stock Exchange and New York Stock Exchange) for the period 8 to 18 December 2025 inclusive, (being EUR13.41, GBP11.69 and USD15.60 respectively).
Director
2023 Replacement PSP/TSA Award
Rollover Award
Celebration Award
Total Share Awards
Peter ter Kulve
4,853
41,134
n/a
45,987
Other PDMRs
Julien Barraux
816
11,120
23
11,959
Sandeep Desai
508
10,042
23
10,573
Tim Gunning
55
3,466
23
3,544
Wai-Fung Loh
1,134
14,218
23
15,375
Mark O’Brien
n/a
9,330
23
9,353
Gerardo Ronzanski
1,784
20,346
23
22,153
Ronald Schellekens
7,168
n/a
23
7,191
Mustafa Seckin
1,060
13,284
23
14,367
Toloy Tahir Tanridagli
962
8,958
23
9,943
Vanessa Vilar
327
3,924
23
4,274
This announcement is made in accordance with the requirements of the EU and UK version of the Market Abuse Regulation 596/2014.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name of natural person
Peter ter Kulve
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Magnum Ice Cream Company N.V.
b)
Legal Entity Identifier code
25490052LLF3XH6G9847
4
Details of the transaction(s) summary table
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
GBP
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
11.69
3,126
36,542.94
Aggregated
11.69
3,126
36,542.94
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
EUR
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
13.41
42,861
574,766.01
Aggregated
13.41
42,861
574,766.01
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name of natural person
Julien Barraux
2
Reason for the notification
a)
Position/status
Chief Creative Officer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Magnum Ice Cream Company N.V.
b)
Legal Entity Identifier code
25490052LLF3XH6G9847
4
Details of the transaction(s) summary table
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
EUR
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
13.41
11,959
160,370.19
Aggregated
13.41
11,959
160,370.19
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name of natural person
Sandeep Desai
2
Reason for the notification
a)
Position/status
Chief Supply Chain Officer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Magnum Ice Cream Company N.V.
b)
Legal Entity Identifier code
25490052LLF3XH6G9847
4
Details of the transaction(s) summary table
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
GBP
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
11.69
10,573
123,598.37
Aggregated
11.69
10,573
123,598.37
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name of natural person
Tim Gunning
2
Reason for the notification
a)
Position/status
Chief of Staff & Head of Strategy
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Magnum Ice Cream Company N.V.
b)
Legal Entity Identifier code
25490052LLF3XH6G9847
4
Details of the transaction(s) summary table
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
EUR
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
13.41
3,544
47,525.04
Aggregated
13.41
3,544
47,525.04
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name of natural person
Wai-Fung Loh
2
Reason for the notification
a)
Position/status
President Asia
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Magnum Ice Cream Company N.V.
b)
Legal Entity Identifier code
25490052LLF3XH6G9847
4
Details of the transaction(s) summary table
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
EUR
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
13.41
23
308.43
Aggregated
13.41
23
308.43
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
GBP
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
11.69
15,352
179,464.88
Aggregated
11.69
15,352
179,464.88
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name of natural person
Mark O’Brien
2
Reason for the notification
a)
Position/status
Chief Technology and Information Officer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Magnum Ice Cream Company N.V.
b)
Legal Entity Identifier code
25490052LLF3XH6G9847
4
Details of the transaction(s) summary table
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
GBP
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
11.69
9,353
109,336.57
Aggregated
11.69
9,353
109,336.57
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name of natural person
Gerardo Ronzanski
2
Reason for the notification
a)
Position/status
President Americas
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Magnum Ice Cream Company N.V.
b)
Legal Entity Identifier code
25490052LLF3XH6G9847
4
Details of the transaction(s) summary table
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
USD
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
15.60
23
358.80
Aggregated
15.60
23
358.80
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
GBP
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
11.69
22,130
258,699.70
Aggregated
11.69
22,130
258,699.70
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name of natural person
Ronald Schellekens
2
Reason for the notification
a)
Position/status
Chief Human Resources Officer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Magnum Ice Cream Company N.V.
b)
Legal Entity Identifier code
25490052LLF3XH6G9847
4
Details of the transaction(s) summary table
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
GBP
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
11.69
7,191
84,062.79
Aggregated
11.69
7,191
84,062.79
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name of natural person
Mustafa Seckin
2
Reason for the notification
a)
Position/status
President of Europe, Australia & New Zealand
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Magnum Ice Cream Company N.V.
b)
Legal Entity Identifier code
25490052LLF3XH6G9847
4
Details of the transaction(s) summary table
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
EUR
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
13.41
13,307
178,446.87
Aggregated
13.41
13,307
178,446.87
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
GBP
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
11.69
1,060
12,391.40
Aggregated
11.69
1,060
12,391.40
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name of natural person
Toloy Tahir Tanridagli
2
Reason for the notification
a)
Position/status
President of Middle East, Turkey, South Asia and Africa
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Magnum Ice Cream Company N.V.
b)
Legal Entity Identifier code
25490052LLF3XH6G9847
4
Details of the transaction(s) summary table
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
EUR
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
13.41
23
308.43
Aggregated
13.41
23
308.43
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
GBP
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
11.69
9,920
115,964.80
Aggregated
11.69
9,920
115,964.80
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name of natural person
Vanessa Vilar
2
Reason for the notification
a)
Position/status
Chief Legal Officer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Magnum Ice Cream Company N.V.
b)
Legal Entity Identifier code
25490052LLF3XH6G9847
4
Details of the transaction(s) summary table
Date of Transaction
Description of Instrument
Identification Code
Place of Transaction
Currency
19-DEC-2025
Ordinary shares of €3.50 each
ISIN: NL0015002MS2
Outside a trading venue
EUR
Nature of Transaction
Price
Volume
Total
Grant of Share Awards
13.41
4,274
57,314.34
Aggregated
13.41
4,274
57,314.34
Enquiries
Media Relations media.relations-tmicc@magnumicecream.com
About The Magnum Ice Cream Company
The Magnum Ice Cream Company is the world’s largest ice cream company. With an unrivalled portfolio of brands including global power brands Magnum, Ben & Jerry’s, Wall’s and Cornetto, and with a global fleet of nearly 3 million freezers, our products are available in 80 countries. The company generated €7.9 billion in revenue in 2024. TMICC’s legal entity identifier is 25490052LLF3XH6G9847. For more information, visit The Magnum Ice Cream Company website.