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Nichols PLC - Director/PDMR Shareholding

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 £1. 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:  01925 222222

Website:www.nicholsplc.co.uk



Richard Lindley and James White


N+1 Singer (Nominated Adviser)


Telephone:  0207 496 3000


 


 

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Marnie Millard

b)

Position / status

Group Chief Executive Officer

c)

Initial notification / amendment

Initial notification

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 of the financial instrument

Ordinary Shares

b)

Nature of the transaction

Exercise of Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£1 in total

17,561

d)

Aggregated information

-     Aggregated volume

-     Price

N/A - single transaction

e)

Date of the transaction

8 August 2016

f)

Place of the transaction

London Stock Exchange, AIM

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Marnie Millard

b)

Position / status

Group Chief Executive Officer

c)

Initial notification / amendment

Initial notification

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 of the financial instrument

Ordinary Shares

b)

Nature of the transaction

Disposal of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1,400p

8,254

d)

Aggregated information

-     Aggregated volume

-     Price

N/A - single transaction

e)

Date of the transaction

8 August 2016

f)

Place of the transaction

London Stock Exchange, AIM

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Quick facts: Nichols PLC

Price: -

Market: AIM
Market Cap: -
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