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.
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Enquiries
Hudson Sandler (Financial PR) 0207 796 4133 | |||||||||||||||||||
Alex Brennan Email: nichols@hudsonsandler.com
Hattie Dreyfus
Harry Griffiths
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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| Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Andrew Milne
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| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer
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| 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
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| b) | LEI | 213800EF5CMR3K8PND54
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| 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 | Ordinary shares of 10p each
ISIN Code: GB0006389398
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| b) | Nature of the transaction | Grant of a nil-cost options under the Nichols Long Term Incentive Plan
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| c) | Price(s) and volume(s) |
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| d) | Aggregated information - Aggregated volume - Price |
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| e) | Date of the transaction | 11 December 2025
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| f) | Place of the transaction | Outside a trading venue
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