REG - Nichols PLC - Grant of Share Award

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RNS Number : 2692L  Nichols PLC  12 December 2025

 

12 December 2025

Nichols plc

 

(the "Company" or "Group")

Grant of Share Award

 

Nichols plc (the "Company") announces that on 11 December 2025, it granted
nil-cost options (the "Award") over 51,556 ordinary shares of 10p each in the
Company (the "Ordinary Shares") to Andrew Milne, Chief Executive Officer,
pursuant to the terms of the Nichols plc Long Term Incentive Plan.

As disclosed in the Company's Annual Report for the year ended 31 December
2024, the Remuneration Committee has been reviewing the appropriateness and
alignment of the current remuneration policy in light of the evolving business
strategy and, in particular, the medium-term ambitions set out at the Capital
Markets Day held in November 2024. As part of this review, the Remuneration
Committee has consulted with certain major institutional shareholders ahead of
implementing any significant changes.

In response to this review and the feedback from certain major institutional
shareholders, a revised remuneration policy is expected to be introduced for
the financial year commencing 1 January 2026. The new policy is expected to
adopt a more market-standard structure, incorporating an annual bonus and
long-term incentive plan aligned with the Company's strategic objectives and
shareholder expectations.

As part of the transitional arrangements ahead of the implementation of the
revised policy, a one-off Award has been granted to Andrew Milne, Chief
Executive Officer. The Award will vest in two equal tranches: 50% on the third
anniversary of the grant date and 50% on the fourth anniversary, subject to
continued employment with the Group. No additional performance conditions
apply.

Full details of the Award will be disclosed in the Company's Annual Report for
the year ended 31 December 2025.

 

 Enquiries

 Nichols
 plc
 0192 522 2222
 Helen Keays, Non-Executive Director

 Singer Capital Markets (Nominated Adviser and Broker)                        0207 496 3000

 Jen Boorer                                                                   Website: www.singercm.com

                           (http://www.singercm.com)
 Tom Salvesen

 Oliver Platts

 Berenberg (Joint Broker)                                                    0203 207 7800
 Clayton Bush                                                                Website: www.berenberg.de

                           (http://www.berenberg.de)
 Alix Mecklenburg-Solodkoff

  Hudson Sandler (Financial PR)
                                  0207 796
 4133

  Hudson Sandler (Financial PR)
                                 0207 796
4133

Alex
Brennan
Email: nichols@hudsonsandler.com (mailto:nichols@hudsonsandler.com)
 

Hattie Dreyfus

Harry Griffiths

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Andrew Milne

 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                                                         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  Ordinary shares of 10p each

      Identification code

                                                                   ISIN Code: GB0006389398

 b)   Nature of the transaction                                    Grant of a nil-cost options under the Nichols Long Term Incentive Plan

 c)   Price(s) and volume(s)

 Price(s)   Volume(s)
                                                                   nil         51,556
 d)   Aggregated information                                       N/A - Single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      11 December 2025

 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

N/A - Single transaction

e)

Date of the transaction

11 December 2025

 

f)

Place of the transaction

Outside a trading venue

 

 

 

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