REG - Michelmersh Brick - Exercise of LTIP Options / PDMR & PCA Notification

Michelmersh Brick HoldingsAnnouncement

05/02/2026 07:02

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RNS Number : 7849R  Michelmersh Brick Holdings PLC  05 February 2026

5 February 2026

Michelmersh Brick Holdings Plc

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

Exercise of LTIP Options / PDMR & PCA Notification

 

Michelmersh Brick Holdings PLC (AIM: MBH), the specialist brick manufacturer,
announces the following Person Discharging Managerial Responsibility ("PDMR")
dealings in accordance with Article 19 of the Market Abuse
Regulation.  Under the Company's Long Term Incentive Plan ("LTIP"), options
are being exercised by a PDMR in the Company, with shares being issued from
the Company's Employee Benefit Trust ("EBT"). Details of the exercise of
options are below.

 PDMR          Role  Number of options exercised  Number of Ordinary Shares received pursuant to the exercise*  Enlarged Interest in Ordinary Shares  Enlarged Interest in Ordinary Shares as a Percentage of Issued Share Capital
 Ryan Mahoney  CEO   894,638                      474,158                                                       506,198                               0.55%

* The options have been exercised on a cash-less basis, after deductions for
income tax and national insurance contributions.

Following this exercise, there are no further LTIP options outstanding under
the 2019 or 2023 grants and a total of 215,256 ordinary shares are held by the
EBT, representing approximately 0.23% per cent of the Company's total voting
rights.

 1   Details of PDMR / person closely associated with them ("PCA")

 a)  Full Name                                             Ryan Mahoney

 2   Reason for the notification

 a)  Position / status                                     Chief Executive Officer
 b)  Initial notification / amendment                      Initial Notification
 3   Details of the issuer, emission allowance market participation, auction
     platform, auctioneer or auction monitor
 a)  Name                       Michelmersh Brick Holdings plc
 b)  LEI                        213800CIFQFPAHIQE695
 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               Ordinary shares of 20 pence each in the capital of the Company

     Identification code                                   ISIN: GB00B013H060
 b)  Nature of the transaction                             Exercise of 2019 and 2023 LTIP Nil-Cost Options under the Long Term Incentive
                                                           Plan 2022

 c)  Price(s) and volume(s)                                Price: 84.0p

                                                           Volume: 474,158

                                                           The above number of shares are the net number after deducting for income tax
                                                           and national insurance contributions.

 d)  Aggregated information                                N/A - single transaction

     Aggregated volume and Price
 e)  Date of the transaction                               4 February 2026

 f)  Place of the transaction                              Outside a trading venue

 

 

The Company further announces that it has been notified that Ryan Mahoney
transferred Ordinary Shares to his spouse, Victoria Mahoney, a person closely
associated with him, in the Company as follows:

 

 

 1   Details of PDMR / person closely associated with them ("PCA")

 a)  Full Name                                             Ryan Mahoney

 2   Reason for the notification

 a)  Position / status                                     Chief Executive Officer
 b)  Initial notification / amendment                      Initial Notification
 3   Details of the issuer, emission allowance market participation, auction
     platform, auctioneer or auction monitor
 a)  Name                       Michelmersh Brick Holdings plc
 b)  LEI                        213800CIFQFPAHIQE695
 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               Ordinary shares of 20 pence each in the capital of the Company

     Identification code                                   ISIN: GB00B013H060
 b)  Nature of the transaction                             Transfer of 496,198 shares to Victoria Mahoney (spouse) for nil consideration

 c)  Price(s) and volume(s)                                Price(s)  Volume(s)

                                                     Nil       496,198

 
 d)  Aggregated information                                N/A - single transaction

     Aggregated volume and Price
 e)  Date of the transaction                               4 February 2026

 f)  Place of the transaction                              Outside a trading venue

 

d)

Aggregated information

Aggregated volume and Price

N/A - single transaction

e)

Date of the transaction

 

4 February 2026

f)

Place of the transaction

Outside a trading venue

 

 1   Details of PDMR / person closely associated with them ("PCA")

 a)  Full Name                                             Victoria Mahoney

 2   Reason for the notification

 a)  Position / status                                     PCA of PDMR (Ryan Mahoney, Chief Executive Officer)
 b)  Initial notification / amendment                      Initial Notification
 3   Details of the issuer, emission allowance market participation, auction
     platform, auctioneer or auction monitor
 a)  Name                       Michelmersh Brick Holdings plc
 b)  LEI                        213800CIFQFPAHIQE695
 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               Ordinary shares of 20 pence each in the capital of the Company

     Identification code                                   ISIN: GB00B013H060
 b)  Nature of the transaction                             Acquisition of 496,198 shares from Ryan Mahoney (spouse) for nil consideration

 c)  Price(s) and volume(s)                                Price(s)  Volume(s)

                                                     Nil       496,198

 d)  Aggregated information                                N/A - single transaction

     Aggregated volume and Price
 e)  Date of the transaction                               4 February 2026

 f)  Place of the transaction                              Outside a trading venue

d)

Aggregated information

Aggregated volume and Price

N/A - single transaction

e)

Date of the transaction

 

4 February 2026

f)

Place of the transaction

Outside a trading venue

 

 

For further information, please contact:

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

 Ryan Mahoney, Chief Executive Officer

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

 Max Hartley

 Bobbie Hilliam

 Harry Pardoe
 Alma Strategic Communications                 Tel: +44 (0) 20 3405 0205

 Andrew Jaques                                 michelmersh@almastrategic.com (mailto:michelmersh@almastrategic.com)

 Sam Modlin

 Kinvara Verdon

 Louisa El-Ahwal

 

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 120 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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