REG - Brickability Group - Establishment of an Employee Benefit Trust

BrickabilityAnnouncement

21/03/2025 07:00

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RNS Number : 5281B  Brickability Group PLC  21 March 2025

21 March 2025

 

 

Brickability Group plc

("Brickability" or the "Company")

 

Establishment of an Employee Benefit Trust

 

Brickability Group plc (AIM: BRCK), a leading distributor and provider of
specialist products and services to the UK construction industry, announces
that it has established the Brickability Group plc Employee Benefit Trust (the
"EBT").

 

The EBT, managed by Equiniti Trust (Jersey) Limited (the "Trustee"), will act
independently of the Group and will be funded by way of a loan from the
Company. It is expected to make market purchases of ordinary shares in the
Company ("Ordinary Shares") to be applied towards the satisfaction of future
exercises of vested options and awards granted pursuant to the Company's share
incentive schemes.

 

Intended EBT market purchases

 

The Trustee has indicated its intention to make market purchases of Ordinary
Shares (the "Market Purchases") for the benefit of the EBT to be applied
towards the satisfaction of future exercises of vested options and awards
granted pursuant to the Company's share incentive schemes.

 

The Trustee has absolute discretion and independence in respect of all trading
decisions it may make in respect of the Market Purchases.

 

The programme of Market Purchases will, unless terminated by the Trustee at an
earlier date, expire on 20 March 2026, and will be limited to £50,000 of
Ordinary Shares by market value each calendar month.

 

The Market Purchases are subject to the Trustee's discretion as to the
purchase price to be paid up to a pre-agreed maximum price per Ordinary Share
of an amount equal to the higher of (i) 5% above the average of the middle
market quotations for Ordinary Shares for the preceding five business days
immediately preceding the day on which the purchase is made; and (ii) the
higher of the price of the last independent trade of Ordinary Shares and the
highest current independent bid for an Ordinary Share as derived from the
trading venue where the purchase is carried out.

 

 

 

 Enquiries:

 Brickability Group PLC

 John Richards, Chairman                                           Via Burson Buchanan

 Frank Hanna, Chief Executive Officer

 Mike Gant, Chief Financial Officer

 Cavendish - Nomad and Sole Broker

 Ben Jeynes, George Lawson, Elysia Bough - Corporate Finance       +44 (0) 20 7220 0500

 Michael Johnson, Sunila De Silva - Sales / ECM

 Burson Buchanan                  +44 (0) 20 7466 5000

 Mark Court                       brickability@buchanancomms.co.uk

 Stephanie Whitmore

 Abby Gilchrist

 

About Brickability

Brickability Group PLC is a leading distributor and provider of specialist
products and services to the UK construction industry. The business comprises
four divisions: Bricks and Building Materials, Importing, Distribution and
Contracting. With an agile, de-centralised, capital-light business model,
supported by a strong balance sheet, Brickability leverages the skills of its
people company-wide to effectively service the complex and evolving needs of
the construction industry.

 

Founded in 1985, the Group has grown organically through product
diversification and geographic expansion, as well as through the acquisition
of specialist businesses that support its long-term strategy for growth.
Today, the Group encompasses a diverse portfolio of market-leading brands and
a dedicated team of over 800 skilled professionals, led by a management team
with deep-rooted knowledge and experience in the UK and European construction
industries.

 

 

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