Nichols ( (GB:NICL) ) has shared an announcement.
Nichols plc, a diversified soft drinks group, announced the grant of nil cost options over ordinary shares to certain directors and persons discharging managerial responsibility (PDMRs) within the company. This move follows the completion of the financial year ending December 2024 and is part of the Nichols Hybrid Incentive Plan. The awards will vest on the second anniversary of the grant date, contingent on the continued employment of the PDMRs. This strategic initiative aims to align the interests of key personnel with the company’s long-term goals, potentially enhancing Nichols’ operational stability and market positioning.
More about Nichols
Established in 1908, Nichols operates within the resilient soft drinks category and owns or licenses several brands. Nichols is geographically and operationally diversified, operating across three routes to market: UK Packaged, International Packaged, and Out of Home. In the UK, Nichols operates across five soft drinks sub-categories: squash, flavoured carbonates, fruit drinks, energy, and flavoured water. Nichols’ portfolio includes the iconic Vimto brand plus a growing portfolio of licensed brands including Levi Roots, ICEE, SLUSH PUPPiE, and Sunkist. Under its asset-light model, Vimto is prominent in areas such as the Middle East and Africa and is enjoyed in over 60 countries worldwide.
YTD Price Performance: 2.51%
Average Trading Volume: 32,716
Technical Sentiment Signal: Strong Sell
Current Market Cap: £469.3M
For detailed information about NICL stock, go to TipRanks’ Stock Analysis page.