Nichols PLC Appointment of Non-Executive Chair (3108M)

TIDMNICL

RNS Number : 3108M

Nichols PLC

11 January 2023

Nichols plc

(the "Company" or "Group")

Appointment of Non-Executive Chair

Nichols plc, the diversified soft drinks Group, is pleased to announce the appointment of Elizabeth (Liz) McMeikan as the Company's next Non-Executive Chair. Elizabeth will initially join the Group as a Non-Executive Director (NED) on 1(st) February 2023 before becoming Non-Executive Chair on 26(th) April 2023; that being the date of Nichols plc's 2023 Annual General Meeting (AGM). As announced on 27 April 2022, John Nichols stated his intention to retire as Non-Executive Chairman once a suitable replacement had been identified and appointed. He will therefore step down from the role following the Group's 2023 AGM.

Elizabeth brings a wealth of consumer-focused public and private company experience to the Board from a number of non-executive board roles, further to an executive career spent with Colgate Palmolive and Tesco.

Elizabeth's current board positions include Senior Independent Director and Remuneration Committee Chair of Unite Group plc, NED and ESG Committee Chair of Dalata Hotel Group plc, Senior Independent Director and Remuneration Committee Chair of McBride plc, and Senior Independent NED of Custodian REIT plc. As was announced in December 2022, Elizabeth will step down from her position at Unite Group plc at the end of February 2023. Elizabeth previously held Senior Independent Director roles at FTSE 250 pub group JD Wetherspoon and Flybe, where she was also Remuneration Committee Chair.

Elizabeth will become a member of the Nomination, Remuneration and Audit Committees following her appointment to the Board, chairing the Nomination Committee.

The Group confirms that John Nichols will remain on the Board as a Non-Executive Director. John will take the second of the two Nichols family Board positions, sitting alongside fellow Non-Executive Director James Nichols, agreed as part of the Relationship Agreement signed in July 2020.

John Nichols, Non-Executive Chairman, commented:

"Following a thorough search process, in Liz the Nominations Committee have identified an outstanding candidate to take over as the Group's next Chair. She has significant experience in consumer-facing businesses and public company boards, which I am very confident will be of great value to the Group. Liz will join the Board in February, enabling a smooth transition before taking over as Non-Executive Chair following the Group's 2023 AGM."

Elizabeth McMeikan, Non-Executive Chair-elect, commented:

"Nichols plc is an outstanding business with a proud history and exciting future prospects. I am both delighted and honoured to be given this opportunity to take over as the Company's next Chair. I look forward to joining the Company and working closely with my new colleagues to contribute to the Group's continued, sustainable success."

The following disclosures are required regarding Elizabeth McMeikan's appointment pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies ("AIM Rules"):

Full name: Elizabeth McMeikan

Age: 60

 
 Current directorships:           Previous directorships/partnerships 
                                   in the last 5 years: 
 --   The Unite Group plc         --   Custodian Real Estate (Drop) Limited 
 --   Dalata Hotel Group plc      --   Custodian Real Estate (Drop Holdings) 
                                        Limited 
 --   McBride plc                 --   JD Wetherspoon plc 
 --   Custodian REIT plc          --   Flybe Group Limited 
 --   Fresca Group Limited        --   CH & Co Catering Group (Holdings) 
                                        Limited 
 --   The Fresca ESOP Limited 
 --   Second Growth CIC 
 --   S.G. Property Investments 
       Ltd. 
 --   St. Rhadegund Properties 
       Limited

Save as set out above, there is no further information to be disclosed in respect of Elizabeth McMeikan under Schedule 2(g) of the AIM Rules.

Contacts

 
 Nichols plc                                Telephone: 0192 522 2222 
  Andrew Milne, Group Chief Executive 
  Officer 
  David Rattigan, Group Chief Financial 
  Officer 
 Singer Capital Markets ( NOMAD & Broker)   Telephone: 0207 496 3000 
  Steve Pearce / Jen Boorer                  Website: www.singercm.com 
                                           ---------------------------------- 
 Hudson Sandler (Financial PR)              Telephone: 0207 796 4133 
  Alex Brennan / Charlotte Cobb / Harry      Email: nichols@hudsonsandler.com 
  Griffiths 
                                           ----------------------------------

Notes to Editors:

Nichols plc is an international diversified soft drinks business with sales in over 73 countries, selling products in both the Still and Carbonate categories. The Group is home to the iconic Vimto brand which is popular in the UK and around the world, particularly in the Middle East and Africa. Other brands in its portfolio include SLUSH PUPPiE, Feel Good, Starslush, ICEE, Levi Roots and Sunkist.

For more information about Nichols, visit: www.nicholsplc.co.uk

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

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