REG - Nichols PLC - Appointment of Non-Executive Chair

NicholsAnnouncement

11/01/2023 07:00

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RNS Number : 3108M  Nichols PLC  11 January 2023

11 January
2023
 

Nichols plc

 

(the "Company" or "Group")

 

Appointment of Non-Executive Chair

 

Nichols plc, the diversified soft drinks Group, is pleased to announce the
appointment of Elizabeth (Liz) McMeikan as the Company's next Non-Executive
Chair. Elizabeth will initially join the Group as a Non-Executive Director
(NED) on 1(st) February 2023 before becoming Non-Executive Chair on 26(th)
April 2023; that being the date of Nichols plc's 2023 Annual General Meeting
(AGM). As announced on 27 April 2022, John Nichols stated his intention to
retire as Non-Executive Chairman once a suitable replacement had been
identified and appointed. He will therefore step down from the role following
the Group's 2023 AGM.

 

Elizabeth brings a wealth of consumer-focused public and private company
experience to the Board from a number of non-executive board roles, further to
an executive career spent with Colgate Palmolive and Tesco.

 

Elizabeth's current board positions include Senior Independent Director and
Remuneration Committee Chair of Unite Group plc, NED and ESG Committee Chair
of Dalata Hotel Group plc, Senior Independent Director and Remuneration
Committee Chair of McBride plc, and Senior Independent NED of Custodian REIT
plc. As was announced in December 2022, Elizabeth will step down from her
position at Unite Group plc at the end of February 2023. Elizabeth previously
held Senior Independent Director roles at FTSE 250 pub group JD Wetherspoon
and Flybe, where she was also Remuneration Committee Chair.

 

Elizabeth will become a member of the Nomination, Remuneration and Audit
Committees following her appointment to the Board, chairing the Nomination
Committee.

 

The Group confirms that John Nichols will remain on the Board as a
Non-Executive Director. John will take the second of the two Nichols family
Board positions, sitting alongside fellow Non-Executive Director James
Nichols, agreed as part of the Relationship Agreement signed in July 2020.

 

John Nichols, Non-Executive Chairman, commented:

"Following a thorough search process, in Liz the Nominations Committee have
identified an outstanding candidate to take over as the Group's next Chair.
She has significant experience in consumer-facing businesses and public
company boards, which I am very confident will be of great value to the Group.
Liz will join the Board in February, enabling a smooth transition before
taking over as Non-Executive Chair following the Group's 2023 AGM."

Elizabeth McMeikan, Non-Executive Chair-elect, commented:

"Nichols plc is an outstanding business with a proud history and exciting
future prospects. I am both delighted and honoured to be given this
opportunity to take over as the Company's next Chair. I look forward to
joining the Company and working closely with my new colleagues to contribute
to the Group's continued, sustainable success."

The following disclosures are required regarding Elizabeth McMeikan's
appointment pursuant to Schedule Two paragraph (g) of the AIM Rules for
Companies ("AIM Rules"):

Full name: Elizabeth McMeikan

Age: 60

 

 Current directorships:                          Previous directorships/partnerships in the last 5 years:
 ·             The Unite Group plc               ·                              Custodian Real Estate (Drop) Limited
 ·             Dalata Hotel Group plc            ·                              Custodian Real Estate (Drop Holdings) Limited
 ·             McBride plc                       ·                              JD Wetherspoon plc
 ·             Custodian REIT plc                ·                              Flybe Group Limited
 ·             Fresca Group Limited              ·                              CH & Co Catering Group (Holdings) Limited
 ·             The Fresca ESOP Limited
 ·             Second Growth CIC
 ·             S.G. Property Investments Ltd.
 ·             St. Rhadegund Properties Limited

 

 

Save as set out above, there is no further information to be disclosed in
respect of Elizabeth McMeikan under Schedule 2(g) of the AIM Rules.

 

 

Contacts

 

 Nichols plc                                       Telephone: 0192 522 2222

 Andrew Milne, Group Chief Executive Officer

 David Rattigan, Group Chief Financial Officer
 Singer Capital Markets (NOMAD & Broker)           Telephone: 0207 496 3000

 Steve Pearce / Jen Boorer                         Website: www.singercm.com (http://www.singercm.com)
 Hudson Sandler (Financial PR)                     Telephone: 0207 796 4133

 Alex Brennan / Charlotte Cobb / Harry Griffiths   Email: nichols@hudsonsandler.com (mailto:nichols@hudsonsandler.com)

 

 

Notes to Editors:

Nichols plc is an international diversified soft drinks business with sales in
over 73 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 SLUSH PUPPiE, Feel Good, Starslush, ICEE, Levi
Roots and Sunkist.

 

For more information about Nichols, visit: www.nicholsplc.co.uk
(http://www.nicholsplc.co.uk)

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.

 

 

 

 

 

 

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