Nichols PLC has announced the granting of nil-cost options over ordinary shares to certain directors and persons discharging managerial responsibility (PDMRs) of the company. The awards have been granted over a maximum number of ordinary shares and will vest on the second anniversary of the date of grant, subject to the continued employment of the PDMR with the group. No other performance conditions apply. The details of the awards, including the number of ordinary shares subject to the award for each PDMR, have been disclosed.

The recipients of the awards include Andrew Milne, Chief Executive Officer, who has been granted 55,693 ordinary shares, Christine Shillington, People & Sustainability Director, who has been granted 5,244 ordinary shares, and other directors and PDMRs who have also received awards. The awards have been made following the completion of the financial year ending 31 December 2023 pursuant to the terms of the Nichols Hybrid Incentive Plan.

The company has also provided detailed information regarding the nature of the transactions, including the date of the transaction, the place of the transaction, and the financial instrument involved. The company's contact information and notes to editors have been included in the announcement.

Nichols PLC is an international diversified soft drinks business with sales in over 60 countries. The company is home to the iconic Vimto brand, popular in the UK and around the world, particularly in the Middle East and Africa. Other brands in its portfolio include SLUSH PUPPiE, Starslush, ICEE, Levi Roots, and Sunkist. For more information about Nichols, visit their website.