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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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