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LONDON - Nichols PLC, a diversified soft drinks group, has announced the launch of a new Save As You Earn (SAYE) stock option plan for its employees. The 2025 SAYE Scheme offers two savings plans, with terms of three and five years respectively, and was officially granted on April 29, 2025.
The scheme is open to all eligible employees, allowing them to subscribe for options on the company’s ordinary shares at a 20% discount from the average mid-market closing price calculated over three business days from March 31 to April 2, 2025. The discounted exercise price for the options is set at 1,027 pence.
The options, which amount to 24,953 shares, represent 0.07% of Nichols PLC’s issued share capital and are exercisable from April 2028 for the three-year plan and April 2030 for the five-year plan. A total of 66 employees have decided to participate in the scheme.
Among the participants are two key members of the company’s management team, Gary Brookes, the Supply Chain and Sustainability Director, and Rachel Armer, the People Director, each granted 716 options under the plan.
This initiative by Nichols PLC aims to incentivize and reward employees, aligning their interests with those of the company and its shareholders. The SAYE scheme is designed to facilitate employee ownership in the company, potentially contributing to increased employee engagement and retention.
The announcement of the SAYE scheme is based on a press release statement and reflects Nichols PLC’s ongoing commitment to its workforce and the company’s belief in sharing its financial success with those who contribute to it. The scheme is part of the company’s broader strategy to foster a culture of shared ownership and align the interests of employees with its long-term growth objectives.
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