Director/PDMR Shareholding

Rhea-AI Summary

The Magnum Ice Cream Company (MICC) granted share awards to directors and other persons discharging managerial responsibilities on 19 December 2025 under replacement PSP/TSA, rollover awards and a Celebration Award.

Key facts: awards valued using average prices EUR13.41, GBP11.69, USD15.60; CEO Peter ter Kulve received 45,987 shares; malus and clawback provisions apply.

Positive

• CEO Peter ter Kulve granted 45,987 shares (42,861 EUR-priced; 3,126 GBP-priced)
• Julien Barraux granted 11,959 shares valued at €160,370.19
• Sandeep Desai granted 10,573 shares valued at £123,598.37
• Mustafa Seckin granted 13,307 shares at €13.41 totaling €178,446.87
• Awards use three-market average prices: EUR13.41, GBP11.69, USD15.60

Negative

• None.

Key Figures

Ordinary share nominal value EUR3.50 per share Ordinary shares of EUR3.50 each

Average price EUR EUR13.41 Average closing share price 8–18 Dec 2025 on Euronext/LSE/NYSE

Average price GBP GBP11.69 Average closing share price 8–18 Dec 2025 on Euronext/LSE/NYSE

Average price USD USD15.60 Average closing share price 8–18 Dec 2025 on Euronext/LSE/NYSE

CEO total awards 45,987 shares Total share awards to Peter ter Kulve (PSP/TSA, Rollover, Celebration)

CEO GBP grant total GBP36,542.94 Grant of share awards on 19-DEC-2025 at GBP11.69

CEO EUR grant total EUR574,766.01 Grant of share awards on 19-DEC-2025 at EUR13.41

PDMR award example 11,959 shares Total share awards to Julien Barraux at EUR13.41 (EUR160,370.19)

Market Reality Check

$15.83 Last Close

Volume Volume 4,490,195 vs 20-day average 5,951,464 before this announcement. normal

Technical Price 15.88 was trading above the 200-day MA at 15.62 pre-announcement.

Market Pulse Summary

This announcement details grants of share awards to multiple senior managers, including the CEO, under performance, rollover and celebration structures, at reference prices of EUR13.41, GBP11.69 and USD15.60. It increases management exposure to company equity and is made under Market Abuse Regulation 596/2014. With shares previously at 15.88 versus a 16.89 52-week high, investors may track future award disclosures and any changes in executive shareholdings.

Key Terms

persons discharging managerial responsibilities regulatory

"NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)"

Persons Discharging Managerial Responsibilities are the key people in a company who make big decisions, like top managers or executives. Knowing who they are is important because their actions can influence the company’s success or failure, and they are often required to share information about their dealings to ensure transparency for investors and the public.

restricted stock unit financial

"Rollover awards Unilever Restricted Stock Unit awards held as at the time"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

performance share plan financial

"2023 Replacement Performance Share Plan (PSP) Awards and Replacement"

A performance share plan grants company shares to employees or executives only if the business meets specific targets over a set period, so the reward depends on results rather than being automatic. For investors it matters because it aligns managers’ pay with company performance—like promising a team stock instead of cash if they hit goals—which can influence future share count, shareholder value, and how confidently management pursues growth.

long term incentive plan financial

"granted under The Magnum Ice Cream Company Long Term Incentive Plan 2025"

A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.

malus and clawback financial

"Malus and clawback provisions apply to all awards"

Malus and clawback are rules that let a company reduce or recover pay previously promised or already paid to executives or insiders when performance, misconduct, or accounting problems occur. Think of malus as withholding future bonuses before they are paid and clawback as reclaiming money already given, like a landlord keeping or returning part of a security deposit; investors care because these protections help align management incentives with long-term company health and can limit financial and reputational risk.

market abuse regulation 596/2014 regulatory

"in accordance with the requirements of the EU and UK version of the Market Abuse Regulation 596/2014"

Regulation 596/2014, known as the Market Abuse Regulation, is the European rulebook that bans insider trading and market manipulation and requires timely public disclosure of crucial company information. It matters to investors because it helps keep prices fair and trustworthy—like rules that stop players from cheating in a game—by forcing companies and insiders to be transparent and making unlawful trading easier to detect and punish.

legal entity identifier regulatory

"Legal Entity Identifier code | 25490052LLF3XH6G9847"

A legal entity identifier (LEI) is a unique, standardized code that functions like a global ID card for businesses and organizations involved in financial markets. It helps investors and regulators reliably identify who is on the other side of a deal, trace ownership and links between firms, and reduce confusion or fraud — improving transparency for reporting, risk assessment, and cross-border trades.

isin financial

"Identification Code | ISIN: NL0015002MS2"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

AI-generated analysis. Not financial advice.

The Magnum Ice Cream Company N.V.

(TMICC or the Company)

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)

The Company notifies the following change in interests in the ordinary shares of EUR3.50 each (Shares) of PDMRs, arising pursuant to the grant of the following share awards:

(i)      2023 Replacement Performance Share Plan (PSP) Awards and Replacement Targeted Share Awards (TSA):

The replacement awards are share awards for employees (including Directors) who, at the time of the Demerger, held unvested awards under the Unilever Share Plan 2017. These replacement awards are granted under The Magnum Ice Cream Company Long Term Incentive Plan 2025 over TMICC Shares on substantially equivalent terms and with a value equivalent to the Unilever shares subject to the relevant Unilever award that lapsed due to the application of time pro-rating.

(ii)      Rollover awards

Unilever Restricted Stock Unit awards held as at the time of the Demerger are exchanged for substantially equivalent awards over TMICC Shares, which will vest on their original vesting date(s), subject to continued employment/service with the TMICC Group and maintaining satisfactory levels of personal performance. Awards will continue to be governed by the Unilever Share Plan 2017, which was adopted by TMICC for this purpose.

(iii)      Celebration Award

The Celebration Award (operated under The Magnum Ice Cream Company Celebration Award Plan) is a one-off share award over the same number of TMICC Shares to each employee who was part of the TMICC Group at the completion of the Demerger. Directors are not eligible to receive this award.

Malus and clawback provisions apply to all awards

The number of Shares granted was determined by taking the average closing share prices (on Euronext Amsterdam, London Stock Exchange and New York Stock Exchange) for the period 8 to 18 December 2025 inclusive, (being EUR13.41, GBP11.69 and USD15.60 respectively).

Director	2023 Replacement PSP/TSA Award	Rollover Award	Celebration Award	Total Share Awards
Peter ter Kulve	4,853	41,134	n/a	45,987
Other PDMRs
Julien Barraux	816	11,120	23	11,959
Sandeep Desai	508	10,042	23	10,573
Tim Gunning	55	3,466	23	3,544
Wai-Fung Loh	1,134	14,218	23	15,375
Mark O’Brien	n/a	9,330	23	9,353
Gerardo Ronzanski	1,784	20,346	23	22,153
Ronald Schellekens	7,168	n/a	23	7,191
Mustafa Seckin	1,060	13,284	23	14,367
Toloy Tahir Tanridagli	962	8,958	23	9,943
Vanessa Vilar	327	3,924	23	4,274

This announcement is made in accordance with the requirements of the EU and UK version of the Market Abuse Regulation 596/2014.  

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Peter ter Kulve
2	Reason for the notification
a)	Position/status		Chief Executive Officer
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			11.69	3,126	36,542.94
		Aggregated		11.69	3,126	36,542.94
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.41	42,861	574,766.01
		Aggregated		13.41	42,861	574,766.01

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Julien Barraux
2	Reason for the notification
a)	Position/status		Chief Creative Officer
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.41	11,959	160,370.19
		Aggregated		13.41	11,959	160,370.19

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Sandeep Desai
2	Reason for the notification
a)	Position/status		Chief Supply Chain Officer
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			11.69	10,573	123,598.37
		Aggregated		11.69	10,573	123,598.37

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Tim Gunning
2	Reason for the notification
a)	Position/status		Chief of Staff & Head of Strategy
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
		Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
		19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
		Nature of Transaction			Price	Volume	Total
		Grant of Share Awards			13.41	3,544	47,525.04
			Aggregated		13.41	3,544	47,525.04

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Wai-Fung Loh
2	Reason for the notification
a)	Position/status		President Asia
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.41	23	308.43
		Aggregated		13.41	23	308.43
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			11.69	15,352	179,464.88
		Aggregated		11.69	15,352	179,464.88

1	Details of the person discharging managerial responsibilities/person closely associated
a)		Name of natural person		Mark O’Brien
2		Reason for the notification
a)		Position/status		Chief Technology and Information Officer
b)		Initial notification/Amendment		Initial notification
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name		The Magnum Ice Cream Company N.V.
b)		Legal Entity Identifier code		25490052LLF3XH6G9847
4		Details of the transaction(s) summary table
		Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
		19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
		Nature of Transaction			Price	Volume	Total
		Grant of Share Awards			11.69	9,353	109,336.57
			Aggregated		11.69	9,353	109,336.57

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Gerardo Ronzanski
2	Reason for the notification
a)	Position/status		President Americas
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	USD
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			15.60	23	358.80
		Aggregated		15.60	23	358.80
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			11.69	22,130	258,699.70
		Aggregated		11.69	22,130	258,699.70

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person			Ronald Schellekens
2	Reason for the notification
a)	Position/status			Chief Human Resources Officer
b)	Initial notification/Amendment			Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name			The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code			25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
		Date of Transaction	Description of Instrument	Identification Code		Place of Transaction	Currency
		19-DEC-2025	Ordinary shares of €3.50 each	ISIN: NL0015002MS2		Outside a trading venue	GBP
		Nature of Transaction		Price		Volume	Total
		Grant of Share Awards		11.69		7,191	84,062.79
			Aggregated	11.69		7,191	84,062.79

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Mustafa Seckin
2	Reason for the notification
a)	Position/status		President of Europe, Australia & New Zealand
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
		Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
		19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
		Nature of Transaction			Price	Volume	Total
		Grant of Share Awards			13.41	13,307	178,446.87
			Aggregated		13.41	13,307	178,446.87
		Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
		19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
		Nature of Transaction			Price	Volume	Total
		Grant of Share Awards			11.69	1,060	12,391.40
			Aggregated		11.69	1,060	12,391.40

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Toloy Tahir Tanridagli
2	Reason for the notification
a)	Position/status		President of Middle East, Turkey, South Asia and Africa
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
		Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
		19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
		Nature of Transaction			Price	Volume	Total
		Grant of Share Awards			13.41	23	308.43
			Aggregated		13.41	23	308.43
		Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
		19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
		Nature of Transaction			Price	Volume	Total
		Grant of Share Awards			11.69	9,920	115,964.80
			Aggregated		11.69	9,920	115,964.80

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Vanessa Vilar
2	Reason for the notification
a)	Position/status		Chief Legal Officer
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	19-DEC-2025	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.41	4,274	57,314.34
		Aggregated		13.41	4,274	57,314.34

Enquiries
Media Relations media.relations-tmicc@magnumicecream.com	Investor Relations investor.relations-tmicc@magnumicecream.com

About The Magnum Ice Cream Company

The Magnum Ice Cream Company is the world’s largest ice cream company. With an unrivalled portfolio of brands including global power brands Magnum, Ben & Jerry’s, Wall’s and Cornetto, and with a global fleet of nearly 3 million freezers, our products are available in 80 countries. The company generated €7.9 billion in revenue in 2024. TMICC’s legal entity identifier is 25490052LLF3XH6G9847. For more information, visit The Magnum Ice Cream Company website.  

FAQ

How many shares did MICC CEO Peter ter Kulve receive in the 19 Dec 2025 award?

Peter ter Kulve was granted 45,987 shares in total under replacement and rollover awards.

What pricing was used to value The Magnum Ice Cream Company (MICC) share awards on 19 Dec 2025?

Awards were valued using average closing prices: EUR13.41, GBP11.69, USD15.60 (8–18 Dec 2025).

Which MICC executives received rollover awards and how many shares did Julien Barraux get?

Several executives received rollover awards; Julien Barraux received 11,959 shares (valued at €160,370.19).

Do MICC share awards include clawback provisions from the 19 Dec 2025 grants?

Yes, the awards are subject to malus and clawback provisions.

Were the MICC share grants executed on-exchange or outside a trading venue on 19 Dec 2025?

The notifications show the grants were made outside a trading venue on 19 Dec 2025.

How many shares did MICC Chief Supply Chain Officer Sandeep Desai receive and what was the value?

Sandeep Desai received 10,573 shares, aggregated value reported as £123,598.37.