17 March 2025
(the "Company" or the "Group")
Notification of the passing of Richard Newman, CFO
It is with profound sadness and deepest regret that Nichols plc announces the passing of its Chief Financial Officer ("CFO") and Company Secretary, Richard Newman. Richard passed away on 15 March at home, surrounded by his family, after facing cancer with stoicism and grace.
Richard's dedication, leadership, and contributions to Nichols over the last 12 months have been invaluable, and he will be deeply missed by everyone who had the privilege of working with him.
The Board's thoughts and sympathies are with Richard's wife, Lynne, and their three sons during this incredibly difficult time.
David Taylor will continue in his role as non-board finance director to ensure continuity and Prism Cosec will provide support in the role of Company Secretary while the Board considers permanent succession arrangements.
Further updates will be provided as appropriate.
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Contacts
Nichols plc Andrew Milne, Chief Executive Officer David Taylor, Interim Finance Director | Telephone: 0192 522 2222 | Singer Capital Markets (NOMAD & Joint Broker) Steve Pearce / Jen Boorer / Oliver Platts | Telephone: 0207 496 3000 Website: www.singercm.com | Berenberg (Joint Broker) Clayton Bush / Alix Mecklenburg-Solodkoff | Telephone: 0203 207 7800 Website: www.berenberg.de | Hudson Sandler (Financial PR) Alex Brennan / Hattie Dreyfus / Harry Griffiths | Telephone: 0207 796 4133 Email: [email protected] |
Notes to Editors 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 of 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. For more information, visit the website: https://www.nicholsplc.co.uk/ |
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