What did Magnum Ice Cream Company (MICC) announce about PDMR share options on 17 June 2026?

Magnum Ice Cream Company announced new share option grants to key PDMRs under its Foundation Plan for Growth. According to the company, these one-time co-investment options aim to increase executive share ownership and align rewards with long-term, sustainable value creation for stakeholders.

Which Magnum Ice Cream Company (MICC) executives received share options and in what volumes?

Executives including the CEO, CFO and regional presidents received substantial option grants under the plan. According to Magnum Ice Cream Company, CEO Peter ter Kulve received 2,362,060 options and CFO Abhijit Bhattacharya received 1,330,010 options, with further grants to other listed PDMRs.

Director/PDMR Shareholding

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Very Positive)

Rhea-AI Summary

Magnum Ice Cream Company (MICC) disclosed option grants to senior executives under its one-time Foundation Plan for Growth. The plan is a co-investment scheme designed to increase executive share ownership and link rewards to long-term, sustainable value.

Options vest 50% after three years and 50% after four years, subject to continued personal investment and company TSR outperforming the sector median. The exercise window runs until the seventh anniversary of grant. Exercise prices are EUR 15.33, GBP 13.23 and USD 17.82, with large grants to the CEO, CFO and other PDMRs.

AI-generated analysis. Not financial advice.

Key Figures

Option exercise price: EUR 15.33 Option exercise price: GBP 13.23 Option exercise price: USD 17.82 +5 more

8 metrics

Option exercise price EUR 15.33 Foundation Plan options, based on June 9–15 2026 pricing

Option exercise price GBP 13.23 Foundation Plan options, London pricing reference

Option exercise price USD 17.82 Foundation Plan options, NYSE pricing reference

CEO options volume 2,362,060 options Grant of options to CEO at EUR 15.33

CFO options volume 1,330,010 options Grant of options to CFO at EUR 15.33

President Americas options 836,848 options Grant at USD 17.82 under Foundation Plan

President Europe & ANZ options 268,408 options Grant at EUR 15.33 under Foundation Plan

President Asia options 397,573 options Grant at EUR 15.33 under Foundation Plan

Historical Context

5 past events · Latest: Jun 11 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jun 11	PDMR share disposal	Negative	+1.5%	President, Asia disposed 1,640 shares on LSE under MAR disclosure.
Jun 05	CEO share purchase	Positive	+0.2%	CEO acquired 6,825 shares on Amsterdam exchange under MAR rules.
Jun 04	Executive share purchases	Positive	+1.9%	CTO and CHRO bought shares on XAMS and XLON in open market.
Jun 03	Multiple PDMR buys	Positive	-0.5%	Three PDMRs acquired shares across multiple venues and currencies.
Jun 02	Senior executives buying	Positive	+3.5%	President Asia and Corporate Affairs chief reported sizeable share purchases.

Pattern Detected

Recent PDMR transactions, mainly insider purchases, have often seen modestly positive price reactions, though there are instances of divergence.

Recent Company History

Over the past weeks, Magnum Ice Cream Company (MICC) has repeatedly reported PDMR share dealings under Market Abuse Regulation rules, mostly open-market purchases by senior executives across exchanges in EUR, GBP and USD. Prior events on Jun 2–5 2026 involved CEO and regional presidents acquiring shares, with mixed but generally positive 24h price reactions. Today’s large option grants under the Foundation Plan for Growth extend this pattern of increasing management equity exposure, but are structured as incentives rather than cash share purchases.

Market Pulse Summary

This announcement details significant option grants to multiple senior executives under the Foundati...

Analysis

This announcement details significant option grants to multiple senior executives under the Foundation Plan for Growth, with exercise prices set at EUR 15.33, GBP 13.23 and USD 17.82 and vesting over three to four years, subject to relative TSR conditions. It follows a series of recent PDMR share transactions, many involving open-market purchases. Investors may watch future disclosures on actual exercises, further insider buying or selling, and how total shareholder return compares with the disclosed sector peer group.

Key Terms

persons discharging managerial responsibilities, market abuse regulation 596/2014, total shareholder return (tsr), legal entity identifier code, +2 more

6 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.

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.

total shareholder return (tsr) financial

"TMICC’s Total Shareholding Return (TSR) over the period from grant to vesting"

Total shareholder return (TSR) measures how much an investment in a company's stock has grown over a specific period by combining the change in the share price and all dividends paid, expressed as a percentage. Think of it like tracking the total balance of a savings jar that increases both from added cash (dividends) and a rising sticker price on the jar (share price); investors use TSR to compare how well different stocks or managers deliver real, money-in-hand returns.

legal entity identifier code regulatory

"Legal Entity Identifier code | 25490052LLF3XH6G9847"

A legal entity identifier code (LEI) is a unique, standardized 20-character code that works like a passport number for companies and other organizations, letting anyone unambiguously identify who is behind a financial transaction or filing. Investors care because it improves transparency and reduces fraud or confusion—making it easier to track ownership, confirm counterparties, and comply with reporting rules, much like a clear ID speeds up background checks.

isin financial

"Ordinary shares of €3.50 each | 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.

malus and clawback regulatory

"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.

AI-generated analysis. Not financial advice.

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06/17/2026 - 04:40 AM

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 €3.50 each (Shares) of PDMRs, arising pursuant to the grant of options relating to the Foundation Plan for Growth (the Foundation Plan). The Foundation Plan is a one-time co-investment plan to incentivise the substantial foundational work required to establish the Company’s long-term position and value-creation trajectory, ensure that executives are materially invested in the Company’s success through significant share ownership and align rewards with long-term, sustainable value created for all stakeholders. Subject to continued holding of the personal investments and TMICC’s Total Shareholding Return (TSR) over the period from grant to vesting exceeding the median TSR of the sector peer group, as disclosed on page 70 of the 2025 Annual Report; 50% of the options will vest after three years and the remaining 50% after four years. The exercise window will be open from vesting until the seventh anniversary of the grant.

The option exercise price was determined by taking the average closing share prices (on Euronext Amsterdam and the London Stock Exchange) for the period 9 to 15 June 2026 inclusive; and for the New York Stock Exchange, the closing share price on 15 June 2026 (the option exercise price being EUR15.33, GBP13.23 and USD17.82 respectively).

Malus and clawback provisions apply to all awards

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
	16-JUN-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			*Price*	*Volume*	*Total*
	Grant of Options			15.33	2,362,060	36,210,379.80
		Aggregated		15.33	2,362,060	36,210,379.80

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Abhijit Bhattacharya
2	Reason for the notification
a)	Position/status		Chief Financial 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
	16-JUN-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			*Price*	*Volume*	*Total*
	Grant of Options			15.33	1,330,010	20,389,053.30
		Aggregated		15.33	1,330,010	20,389,053.30

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
	16-JUN-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			*Price*	*Volume*	*Total*
	Grant of Options			13.23	1,071,235	14,172,439.05
		Aggregated		13.23	1,071,235	14,172,439.05

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Gerardo Rozanski
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
	16-JUN-2026	Ordinary shares of €3.50 each	ISIN: NL0015002MS2	Outside a trading venue	USD
	Nature of Transaction		*Price*	*Volume*	*Total*
	Grant of Options		17.82	836,848	14,912,631.36
		Aggregated	17.82	836,848	14,912,631.36

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 Europe and 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
	16-JUN-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			*Price*	*Volume*	*Total*
	Grant of Options			15.33	268,408	4,114,694.64
		Aggregated		15.33	268,408	4,114,694.64

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
	16-JUN-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			*Price*	*Volume*	*Total*
	Grant of Options			15.33	397,573	6,094,794.09
		Aggregated		15.33	397,573	6,094,794.09

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, Middle East, Turkey and South 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
	16-JUN-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			*Price*	*Volume*	*Total*
	Grant of Options			15.33	388,051	5,948,821.83
		Aggregated		15.33	388,051	5,948,821.83

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 and Operations 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
	16-JUN-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			*Price*	*Volume*	*Total*
	Grant of Options			13.23	169,687	2,244,959.01
		Aggregated		13.23	169,687	2,244,959.01

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 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
	16-JUN-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			*Price*	*Volume*	*Total*
	Grant of Options			13.23	78,412	1,037,390.76
		Aggregated		13.23	78,412	1,037,390.76

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Victoria McKenzie-Gould
2	Reason for the notification
a)	Position/status		Chief Corporate Affairs & Sustainability 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
	16-JUN-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			*Price*	*Volume*	*Total*
	Grant of Options			15.33	48,212	739,089.96
		Aggregated		15.33	48,212	739,089.96

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
	16-JUN-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			*Price*	*Volume*	*Total*
	Grant of Options			15.33	201,563	3,089,960.79
		Aggregated		15.33	201,563	3,089,960.79

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
	16-JUN-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			*Price*	*Volume*	*Total*
	Grant of Options			15.33	133,349	2,044,240.17
		Aggregated		15.33	133,349	2,044,240.17

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 N.V. (EURONEXT: MICC/ NYSE: MICC/ LSE: MICC) is the world's leading ice cream business. Home to four of the world's five largest ice cream brands: Magnum, Ben & Jerry's, Cornetto and the Heartbrand, our portfolio delights consumers in 80 markets around the world. Headquartered in Amsterdam, The Netherlands, we have a global team of 18,000 employees, a network of 32 factories, 13 R&D centres, and a fleet of three million freezer cabinets. For more information, visit www.corporate.magnumicecream.com. TMICC's legal entity identifier is 25490052LLF3XH6G9847.

FAQ

What is the Foundation Plan for Growth disclosed by Magnum Ice Cream Company (MICC)?

The Foundation Plan for Growth is a one-time co-investment share option plan for senior executives. According to Magnum Ice Cream Company, it incentivises foundational work, requires meaningful personal investment, and links executive rewards to total shareholder return performance versus a sector peer group over several years.

What are the vesting conditions and timeline for MICC Foundation Plan options granted on 16 June 2026?

The options vest in two equal tranches after three and four years, respectively. According to Magnum Ice Cream Company, vesting requires continued holding of personal investments and company TSR exceeding the sector peer group median from grant to vesting, with an exercise window up to seven years.

What option exercise prices apply to MICC PDMR grants under the Foundation Plan?

Exercise prices are set at EUR 15.33, GBP 13.23 and USD 17.82 for the options. According to Magnum Ice Cream Company, prices were based on average closing share prices on Euronext Amsterdam, the London Stock Exchange and the New York Stock Exchange over specified June 2026 dates.

How long can MICC PDMRs exercise their Foundation Plan options granted in June 2026?

PDMRs can exercise their options from vesting until the seventh anniversary of the grant date. According to Magnum Ice Cream Company, the exercise window opens once each tranche vests, giving executives several years to decide when to convert options into ordinary shares.

What safeguards apply to Magnum Ice Cream Company (MICC) Foundation Plan option awards?

The Foundation Plan awards are subject to malus and clawback provisions, providing post-grant adjustment mechanisms. According to Magnum Ice Cream Company, these provisions apply to all awards and can reduce or recover value in defined circumstances, complementing the performance and holding requirements on executives.