REG - Brickability Group - Block Admission

BrickabilityAnnouncement

17/11/2023 07:00

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RNS Number : 7522T  Brickability Group PLC  17 November 2023

Brickability Group PLC

17 November 2023

 

 

Brickability Group plc

("Brickability" or "the Group")

 

Block Admission

Brickability Group plc (AIM: BRCK), the leading construction materials
distributor, announces that it has today made application for the block
admission (the "Block Admission") of up to a total of 4,136,492 new ordinary
shares of 1 pence each in the Company ("Ordinary Shares") to be admitted to
trading on AIM ("Admission"). It is expected that Admission will occur at 8.00
a.m. on 22 November 2023.

Following Admission, the Company will continue to have 300,296,567 Ordinary
Shares in issue, which remains unchanged from previous notifications.

The Block Admission is being put in place in connection with the vesting, on
22 November 2023, of options to subscribe for new Ordinary Shares under the
Group's Long Term Incentive Plan (the "LTIP Options"), details of which were
set out in the Company's AIM admission document, and the Block Admission has
been made to enable the Group to efficiently handle future issues of new
Ordinary Shares (which will when issued rank pari passu with the existing
Ordinary Shares) from time to time pursuant to the exercise of LTIP Options.

Following Admission, the Company will have block admissions in place in
respect of up to a total of 5,355,144 new ordinary shares, comprising
4,136,492 new ordinary shares pursuant to the Group's Long Term Incentive Plan
and 1,218,652 new ordinary shares pursuant to the Group's Company Share Option
Scheme.

 

For further information please contact:

 

 Brickability Group plc                                            via Montfort Communications

 John Richards, Chairman

 Alan Simpson, CEO

 Mike Gant, CFO

 Cavendish Capital Markets Limited (Nominated adviser and broker)  +44 (0) 207 220 0500

 Ben Jeynes, George Lawson (Corporate Finance)

 Julian Morse, Michael Johnson (Sales)

 Montfort Communications                                            +44 (0) 203 514 0897

 James Olley

 Ella Henderson

 

About Brickability

 

Brickability is a leading construction materials distributor, serving
customers across the UK and Europe for over 37 years through its national and
local networks. The Group operates from over 70 locations across the country
and has more than 700 employees.

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