REG - Brickability Group - Grant of Options
27/10/2022 16:30
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RNS Number : 3955E Brickability Group PLC 27 October 2022
Brickability Group PLC
LEI: 213800SK28MWXB3K3P26
27 October 2022
Brickability Group plc
(the "Company" or the "Group")
Grant of Options
Brickability Group plc, the leading construction materials distributor,
announces that on 27 October 2022 it awarded a total of 4,037,124 options to
subscribe for new ordinary shares in the Company under the Brickability Group
plc Long Term Incentive Plan ("LTIP") 2019. Of these, 2,224,449 are
conditional performance related options including the following grants to
Directors and PDMR's ("Management Options").
Director/PDMR Number of LTIP Options
Mike Gant-Director 440,379
Paul Hamilton-PDMR 575,013
Simon Pearson-PDMR 203,252
Simon Mellor-PDMR 203,252
Arnold Van Huet -PDMR 203,252
Andrew Wilson-PDMR 203,252
Kenny Hirst-Sewell - PDMR 203,252
The Management Options are exercisable on the same terms as previous options
granted under the Company's LTIP, being exercisable at the nominal price of
£0.01 and have vesting conditions tied to adjusted EBITDA and total
shareholder return, with each award split equally between the two performance
conditions. Vesting will occur on a straight-line basis on achieving 18%
(equivalent to 6% annually) to 30% (equivalent to 10% annually) of the
relevant performance condition over the performance period. There is no
vesting if the relevant target is not met but a 25% vesting if the initial 18%
hurdle is met with a proportionate additional vesting up to 100% at the 30%
threshold being met. To the extent vested, the options will be subject to a
two-year holding period following the expiry of the performance period. The
performance period will be 1 April 2022 to 31 March 2025.
The balance of the options awarded (being 1,812,675) are restricted share
options which are being issued to a broad number of Group employees outside of
the senior management team. These are not subject to performance conditions or
the additional holding period but, as with all options awarded under the plan,
require that grantees remain in the Group's employment for the duration of the
vesting period being the period from 1 April 2022 to 31 March 2025.
Enquiries:
via Montfort Communications
Brickability Group PLC
John Richards, Chairman
Alan Simpson, Chief Executive Officer
Mike Gant, Chief Financial Officer
Cenkos Securities plc (Nominated adviser and broker) +44(0) 20 7387 8900
Ben Jeynes, Max Gould (Corporate Finance)
Julian Morse, Alex Pollen (Sales)
+44 (0) 203 514 0897
Montfort Communications
James Olley
Georgia Colkin
About Brickability
Brickability is a leading construction materials distributor, serving
customers across the UK and Europe for over 36 years through its national
and local networks. The Group supplies over 550m bricks annually and has over
55 locations across the country with over 600 employees
The Company makes the following disclosures in accordance with article 19(3)
of the Market Abuse Regulation:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mike Gant
2 Reason for the notification
a) Position/status CFO
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Brickability Group plc
b) LEI 213800SK28MWXB3K3P26
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options for ordinary shares exercisable at £0.01
Identification code GB00BK63S759
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price(s) Volume(s)
n/a 440,379
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 27 October 2022
f) Place of the transaction n/a
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
27 October 2022
f)
Place of the transaction
n/a
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Paul Hamilton
2 Reason for the notification
a) Position/status PDMR - COO
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Brickability Group plc
b) LEI 213800SK28MWXB3K3P26
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options for ordinary shares exercisable at £0.01
Identification code GB00BK63S759
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price(s) Volume(s)
n/a 575,013
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 27 October 2022
f) Place of the transaction n/a
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
27 October 2022
f)
Place of the transaction
n/a
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Simon Pearson
2 Reason for the notification
a) Position/status PDMR- Managing Director of Roofing Division
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Brickability Group plc
b) LEI 213800SK28MWXB3K3P26
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options for ordinary shares exercisable at £0.01
Identification code GB00BK63S759
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price(s) Volume(s)
n/a 203,252
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 27 October 2022
f) Place of the transaction n/a
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
27 October 2022
f)
Place of the transaction
n/a
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Simon Mellor
2 Reason for the notification
a) Position/status PDMR - Managing Director of Bricks Division
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Brickability Group plc
b) LEI 213800SK28MWXB3K3P26
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options for ordinary shares exercisable at £0.01
Identification code GB00BK63S759
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price(s) Volume(s)
n/a 203,252
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 27 October 2022
f) Place of the transaction n/a
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
27 October 2022
f)
Place of the transaction
n/a
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Arnold Van Huet
2 Reason for the notification
a) Position/status PDMR- Group Acquisition Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Brickability Group plc
b) LEI 213800SK28MWXB3K3P26
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options for ordinary shares exercisable at £0.01
Identification code GB00BK63S759
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price(s) Volume(s)
n/a 203,252
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 27 October 2022
f) Place of the transaction n/a
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
27 October 2022
f)
Place of the transaction
n/a
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Wilson
2 Reason for the notification
a) Position/status PDMR- Managing Director of The Bespoke Brick Co.
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Brickability Group plc
b) LEI 213800SK28MWXB3K3P26
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options for ordinary shares exercisable at £0.01
Identification code GB00BK63S759
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price(s) Volume(s)
n/a 203,252
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 27 October 2022
f) Place of the transaction n/a
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
27 October 2022
f)
Place of the transaction
n/a
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Kenny Hirst-Sewell
2 Reason for the notification
a) Position/status PDMR- Managing Director of Taylor Maxwell
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Brickability Group plc
b) LEI 213800SK28MWXB3K3P26
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options for ordinary shares exercisable at £0.01
Identification code GB00BK63S759
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price(s) Volume(s)
n/a 203,252
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 27 October 2022
f) Place of the transaction n/a
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
27 October 2022
f)
Place of the transaction
n/a
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