Michelmersh Brick - EBT Share Purchase
23/09/2022 11:00
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RNS Number : 4701A Michelmersh Brick Holdings PLC 23 September 2022
23 September 2022
Michelmersh Brick Holdings Plc
("MBH", the "Company" or the "Group")
EBT Share Purchase
The Company was notified on 23 September 2022, by Truchot Trustees Limited,
the trustee of the Michelmersh Brick Holdings Plc Employee Benefit Trust (the
"EBT"), that the EBT had purchased 286,368 ordinary shares of 20p each in the
Company ("Ordinary Shares") at an average price of 87.30 pence per Ordinary
Share on 22 September 2022. These Ordinary Shares are to be held in the EBT
and are intended to be used to satisfy the exercise of share options by
employees. The EBT is a discretionary trust for the benefit of the Company's
employees, including the Directors of the Company. The purchase of Ordinary
Shares by the EBT has been funded from the Company's existing cash resources.
Following this transaction, a total of 1,335,114 Ordinary Shares are held by
the EBT, representing approximately 1.4 per cent of the Company's total voting
rights.
For further information, please contact:
Michelmersh Brick Holdings plc Tel: +44 (0)1825 430 412
Frank Hanna, Joint CEO
Ryan Mahoney, CFO
Canaccord Genuity Limited (NOMAD and Joint Broker) Tel: +44 (0)20 7523 8000
Max Hartley
Bobbie Hilliam
Georgina McCooke
Berenberg Tel: +44 (0) 203 207 7800
Richard Bootle
Detlir Elizi
Tom Graham
Yellow Jersey PR
Charles Goodwin Tel: +44 (0)7747 788 221
Annabelle Willis Tel: +44 (0)7775 194 357
Tel: +44 (0)20 7523 8000
Berenberg
Richard Bootle
Detlir Elizi
Tom Graham
Tel: +44 (0) 203 207 7800
Yellow Jersey PR
Charles Goodwin
Annabelle Willis
Tel: +44 (0)7747 788 221
Tel: +44 (0)7775 194 357
About Michelmersh Brick Holdings PLC:
Michelmersh Brick Holdings PLC is a business with seven market leading brands:
Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Floren and
Hathern Terra Cotta. These divisions operate within a fully integrated
business combining the manufacture of clay bricks and pavers. The Group also
includes a landfill operator, New Acres Limited, and seeks to develop future
landfill and development opportunities on ancillary land assets.
Established in 1997, the Company has grown through acquisition and organic
growth into a profitable and asset rich business, producing over 125 million
clay bricks and pavers per annum. Michelmersh currently owns most of the UK's
premium manufacturing brick brands and is a leading specification brick and
clay paving manufacturer.
Michelmersh strives to be a well invested, long term, sustainable,
environmentally responsible business. Opportunity, training and security for
all employees, whilst meeting the needs of stakeholders are at the forefront
of everything we do. We aim to lead the way in producing some of Britain's
premium clay products and enhancing our environment by adding value to the
architectural landscape for generations to come.
We are Michelmersh Brick Holdings PLC: we are "Britain's Brick Specialist".
Please visit the Group's websites at: www.mbhplc.co.uk and www.bimbricks.com
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