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Magnum Ice Cream Company (MICC) reports executive share grants after demerger

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

The Magnum Ice Cream Company N.V. reports new share awards granted to senior managers following its demerger from Unilever. The awards include replacement grants for previously unvested Unilever awards and new one-off Celebration Awards for eligible employees.

Replacement awards are issued under The Magnum Ice Cream Company Long Term Incentive Plan 2025 on substantially equivalent terms and value to the former Unilever Share Plan 2017 awards, with vesting tied to original vesting dates, continued service and satisfactory performance. Awards are subject to malus and clawback provisions.

Named executives such as Chief Executive Officer Peter ter Kulve and other PDMRs received grants of ordinary shares of €3.50 each, with grant values calculated using average closing prices of €13.41, £11.69 and $15.60 over 8–18 December 2025. The company notes it generated €7.9 billion in revenue in 2024 and sells ice cream products in 80 countries.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

Dated December 22, 2025

Commission File Number: 001-42939

The Magnum Ice Cream Company N.V.
(Translation of registrant's name into English)

Reguliersdwarsstraat 63
1017 BK Amsterdam
The Netherlands

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

This report on Form 6-K contains a Stock Exchange Announcement dated December 22, 2025 entitled ‘Director/PDMR Shareholding’. 

 


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.

 

 

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

        The Magnum Ice Cream Company N.V.    
    (Registrant)
     
   
Date: December 22, 2025       /s/ Vanessa Vilar    
    Vanessa Vilar
    Chief Legal Officer
   

FAQ

What did The Magnum Ice Cream Company (MICC) disclose in this 6-K?

The company disclosed share awards granted to persons discharging managerial responsibilities (PDMRs), including replacement awards for lapsed Unilever share plan awards and new employee Celebration Awards, all over ordinary shares of €3.50 each.

How are the replacement share awards at MICC structured for former Unilever plan participants?

Replacement awards are granted under The Magnum Ice Cream Company Long Term Incentive Plan 2025 on substantially equivalent terms and value to the Unilever awards that lapsed, and will vest on their original vesting dates, subject to continued employment or service and satisfactory personal performance.

What is the Celebration Award mentioned by The Magnum Ice Cream Company (MICC)?

The Celebration Award, operated under The Magnum Ice Cream Company Celebration Award Plan, is a one-off share award over the same number of MICC shares to each employee who was part of the group at completion of the demerger. Directors are not eligible for this award.

Which key executives at MICC received share awards and what type of transaction was reported?

Executives including Chief Executive Officer Peter ter Kulve, Chief Creative Officer Julien Barraux, and other regional presidents and officers received grants of share awards over ordinary shares. The notifications list these as Grant of Share Awards transactions outside a trading venue on 19 December 2025.

How were MICC share grant values determined for these PDMR awards?

The number of shares granted was determined using the average closing share prices on Euronext Amsterdam, London Stock Exchange and New York Stock Exchange for 8 to 18 December 2025, being €13.41, £11.69 and $15.60 respectively.

What is the scale of The Magnum Ice Cream Company’s business as described in this filing?

The company describes itself as the world’s largest ice cream company, with brands including Magnum, Ben & Jerry’s, Wall’s and Cornetto, a global fleet of nearly 3 million freezers, availability in 80 countries, and €7.9 billion in revenue in 2024.

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