REG - Michelmersh Brick - Exercise of LTIP Options

Michelmersh Brick HoldingsAnnouncement

13/02/2025 07:00

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RNS Number : 9279W  Michelmersh Brick Holdings PLC  13 February 2025

13 February 2025

Michelmersh Brick Holdings Plc

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

Exercise of LTIP Options

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 certain PDMRs, 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
 Peter Sharp   CEO   76,871                       41,076                                                        145,233                               0.16%
 Ryan Mahoney  CFO   59,960                       32,040                                                        32,040                                0.03%

* 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 2022 grant and a total of 962,776 ordinary shares are held by the EBT,
representing approximately 1.00% per cent of the Company's total voting
rights.

 

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

 a)  Full Name                                             Peter Sharp

 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 2022 LTIP Nil-Cost Options under the Long Term Incentive Plan 2022

 c)  Price(s) and volume(s)                                Price: Nil

                                                           Volume: 41,076

                                                           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                               12 February 2025

 f)  Place of the transaction                              Outside a trading venue

 

 

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

 a)  Full Name                                             Ryan Mahoney

 2   Reason for the notification

 a)  Position / status                                     Chief Financial 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 2022 LTIP Nil-Cost Options under the Long Term Incentive Plan 2022

 c)  Price(s) and volume(s)                                Price: Nil

                                                           Volume: 32,040

                                                           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                               12 February 2025

 f)  Place of the transaction                              Outside a trading venue

 

For further information, please contact:

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

 Peter Sharp, Chief Executive Officer

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

 Max Hartley

 Bobbie Hilliam

 Harry Pardoe
 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 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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