Nichols PLC Director/PDMR Shareholding (6312G)

TIDMNICL

RNS Number : 6312G

Nichols PLC

09 August 2016

Nichols plc

("Nichols" or the "Company")

Exercise of Share Options, PDMR Dealing and Transaction in Own Shares

Nichols announces that it was notified on 8 August 2016 that on the same day, Marnie Millard, Group Chief Executive Officer, exercised share options over 17,561 ordinary shares of 10 pence each in the Company ("Ordinary Shares"), granted in 2013 under the Company's Long Term Incentive Plan, for a total cost of GBP1. The share options became exercisable on 31 July 2016 following satisfaction of a number of performance conditions relating to the Company's profit before tax. To satisfy the exercise of the share options, 17,561 existing Ordinary Shares were transferred from treasury. Following this announcement, the Company now holds 85,039 Ordinary Shares in treasury.

On 8 August 2016, Marnie Millard sold 8,254 Ordinary Shares to settle the associated tax liability, as a result of the exercise of options, at 1,400 pence per Ordinary Share.

Following the exercise of share options and the subsequent sale of Ordinary Shares, Marnie Millard's notifiable interest in the Company is 9,307 Ordinary Shares, representing approximately 0.03% of the Company's issued Ordinary Shares.

 
 
 Contacts:   Tim Croston, Group Chief Financial Officer 
             Nichols plc 
             Telephone: [phone] 
             Website:www.nicholsplc.co.uk 
 
             Richard Lindley and James White 
             N+1 Singer (Nominated Adviser) 
             Telephone: [phone] 
 
 
 
 1.   Details of PDMR / person closely associated 
       with them ("PCA") 
---  -------------------------------------------------------------- 
 a)   Name                            Marnie Millard 
---  ------------------------------  ------------------------------ 
 b)   Position                        Group Chief Executive Officer 
       / status 
---  ------------------------------  ------------------------------ 
 c)   Initial                         Initial notification 
       notification 
       / amendment 
---  ------------------------------  ------------------------------ 
 2.   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                     Ordinary Shares 
       of the financial 
       instrument 
---  ------------------------------  ------------------------------ 
 b)   Nature of                       Exercise of Options 
       the transaction 
---  ------------------------------  ------------------------------ 
 c)   Price(s)                         Price(s)         Volume(s) 
       and volume(s)                   ---------------  ---------- 
                                        GBP1 in total    17,561 
                                       ---------------  ---------- 
---  ------------------------------  ------------------------------ 
 d)        Aggregated                 N/A - single transaction 
            information 
             *    Aggregated volume 
 
 
             *    Price 
---  ------------------------------  ------------------------------ 
 e)   Date of                         8 August 2016 
       the transaction 
---  ------------------------------  ------------------------------ 
 f)   Place of                        London Stock Exchange, AIM 
       the transaction 
---  ------------------------------  ------------------------------ 
 
 
 1.   Details of PDMR / person closely associated 
       with them ("PCA") 
---  -------------------------------------------------------------- 
 a)   Name                            Marnie Millard 
---  ------------------------------  ------------------------------ 
 b)   Position                        Group Chief Executive Officer 
       / status 
---  ------------------------------  ------------------------------ 
 c)   Initial                         Initial notification 
       notification 
       / amendment 
---  ------------------------------  ------------------------------ 
 2.   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                     Ordinary Shares 
       of the financial 
       instrument 
---  ------------------------------  ------------------------------ 
 b)   Nature of                       Disposal of Shares 
       the transaction 
---  ------------------------------  ------------------------------ 
 c)   Price(s)                         Price(s)   Volume(s) 
       and volume(s)                   ---------  ---------- 
                                        1,400p     8,254 
                                       ---------  ---------- 
---  ------------------------------  ------------------------------ 
 d)        Aggregated                 N/A - single transaction 
            information 
             *    Aggregated volume 
 
 
             *    Price 
---  ------------------------------  ------------------------------ 
 e)   Date of                         8 August 2016 
       the transaction 
---  ------------------------------  ------------------------------ 
 f)   Place of                        London Stock Exchange, AIM 
       the transaction 
---  ------------------------------  ------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 09, 2016 02:58 ET (06:58 GMT)