REG - Michelmersh Brick - Directorate Changes and Notice of Results

Michelmersh Brick HoldingsAnnouncement

01/08/2023 07:00

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RNS Number : 7938H  Michelmersh Brick Holdings PLC  01 August 2023

1 August 2023

Michelmersh Brick Holdings Plc

("MBH", the "Company", or the "Group")

Appointment of Chair Designate and Non-Executive Director

Notice of Results

Michelmersh Brick Holdings PLC (AIM: MBH), the specialist brick manufacturer,
today announces that Martin Warner, Chair, has informed the Board that he will
retire at the next AGM in May 2024. Martin will be succeeded by Tony Morris
who is currently a Non-Executive Director. The Group also announces that Rob
Fenwick will be joining the Company as Non-Executive Director with immediate
effect.

Martin was appointed Chair in 2016, having been joint founder and Chief
Executive Officer. He has overseen transformational growth over that period
supporting the Group on its progressive journey to becoming a leading premium
brick manufacturer and brick pre-fabrication specialist across the UK and
Belgium.

Tony, who joined the Board in November 2020, brought a wealth of experience in
M&A and equity capital markets to the Group, and over the last two and a
half years with Michelmersh has added significant construction industry and
clay manufacturing sector knowledge, alongside his role as Chair of the
Remuneration Committee.

Robert Raymond Fenwick, aged 63, who joins the Board as a Non-Executive
Director, has extensive operational experience, having spent 20 years with
Howden Joinery Group plc. Rob was Chief Operating Officer of the supply
division at Howdens for 14 years before spending a year as Chief Governance
Officer. Rob is a Non-Executive Director of Andrew Marr International Ltd and
Kronospan Holdings Ltd.

Martin Warner, commenting on the changes said:

"I am delighted with Tony's appointment as Chair Designate; his expertise and
specific Michelmersh experience to date demonstrates that he has the
capability and skills for the role. I have hugely enjoyed working with Tony
over the last few years and my focus as I look to the 2024 AGM and my
retirement is to ensure a smooth handover of duties.

"Michelmersh is a fantastic Company with great people and it has been an
enormous privilege to see the business I jointly started grow to become
Britain's Brick Specialist."

Tony Morris, Chair Designate commenting on the changes said:

"I am delighted to be appointed as Chair Designate and have thoroughly enjoyed
the last few years on the Board as a Non-Executive Director. I would like to
thank Martin for his tremendous support during my time with Michelmersh and I
am focused on continuing his legacy to support the Group in delivering
excellent products and service to our loyal and diverse customer base.

"I look forward to working with Peter and the rest of the Board, and in
particular welcome Rob to the team as Non-Executive Director. Rob has
extensive commercial and industry expertise, which will be a valuable addition
to the Group and provide an appropriate balance to the Board as we look to the
future."

Peter Sharp, Joint Chief Executive Officer said:

"On behalf of the Board, I would like to thank Martin for his dedicated
leadership over more than 25 years and his significant contribution to the
growth of Michelmersh in making the Group the successful business it is today.
We are essentially a people business and Martin has led with this core
principle from the top of the organisation. On a personal note, I would like
to thank Martin for his valued support and guidance over many years. I look
forward to continuing working with Tony as we look to the future with
confidence and the business being in a strong position to continue to deliver
against our strategy."

Notice of Results

 

MBH will report its interim results for the six months to 30 June 2023 on 5
September 2023.

 

The following details in relation to the appointment of Robert Raymond
Fenwick, aged 63, are disclosed in accordance with Schedule 2(g) of the AIM
Rules:

 

  Current directorships          Past directorships held within last 5 years
 Andrew Marr International Ltd.  Howden Joinery Ltd

 Kronospan Holdings Ltd.         Howden Joinery People Services Ltd

 Pintle Investments              Howden Kitchens Properties Ltd

 

There is no further information to be disclosed in relation to Mr Fenwick's
appointment pursuant to AIM Rule 17 or paragraph (g) of Schedule Two of the
AIM Rules for Companies.

 

For further information, please contact:

 

 Michelmersh Brick Holdings Plc                      Tel: +44 (0)1825 430 412

 Peter Sharp, Joint Chief Executive Officer

 Ryan Mahoney, Chief Financial Officer
 Canaccord Genuity Limited (NOMAD and Joint Broker)  Tel: +44 (0)20 7523 8000

 Max Hartley

 Bobbie Hilliam

 Harry Pardoe
 Berenberg (Joint Broker)                            Tel: +44 (0)20 3207 7800

 Richard Bootle

 Detlir Elizi

 Yasmina Benchekroun
 Yellow Jersey PR                                    Tel: +44 (0)7747 788 221

 Charles Goodwin                                     Tel: +44 (0)7775 194 357

 Annabelle Wills

 

About Michelmersh Brick Holdings PLC:

 

Michelmersh Brick Holdings PLC is a business with seven market leading brands:
Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren.be and
Hathern Terra Cotta. These divisions operate within a fully integrated
business, combining the production of premium, precision-made bricks, pavers,
special shaped bricks, bespoke Terra Cotta products and prefabricated brick
components. 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 122 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
(http://www.mbhplc.co.uk/)  and www.bimbricks.com (http://www.bimbricks.com)

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