REG - Michelmersh Brick - Grant of Options and PDMR dealing

Michelmersh Brick HoldingsAnnouncement

15/04/2025 07:30

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RNS Number : 9865E  Michelmersh Brick Holdings PLC  15 April 2025

15 April 2025

Michelmersh Brick Holdings Plc

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

Grant of Options and PDMR dealing

Michelmersh Brick Holdings PLC (AIM: MBH), the specialist brick manufacturer,
announces that earlier today an annual grant of options was made under the
Company's Long Term Incentive Plan 2022 ("LTIP").

 

This year's grant (the "2025 Grant") includes three-year performance targets
linked to the delivery of EPS growth, total shareholder return performance
when benchmarked against a UK based industry peer group, net cash generated
from operations, and delivery of ESG metrics.  The 2025 Grant equates to a
value of 100% of basic salary.

 

Options over 312,565 shares were granted under the 2025 Grant to Ryan Mahoney,
Chief Financial Officer of the Group. No other options were granted under the
2025 Grant.

 

The number of shares in respect of the 2025 Grant that may be issued following
the three-year performance period shall depend upon the extent to which growth
and other performance conditions are achieved over that period.

 

For further information, please contact:

 Michelmersh Brick Holdings plc                      Tel: +44 (0)1825 430412

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

 Max Hartley

 Bobbie Hilliam

 Harry Pardoe
 Yellow Jersey PR                                    Tel: +44 (0)7747 788 221

 Charles Goodwin

 Annabelle Wills

 

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 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)

 

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

 a)  Full Name                                             Ryan Mahoney

 2   Reason for the notification

 a)  Position / status                                     CFO
 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                             Grant of Nil-Cost Options under the Long Term Incentive Plan 2022

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

                                                           Volume:  312,565

 d)  Aggregated information                                N/A - single transaction

     Aggregated volume and Price
 e)  Date of the transaction                               15 April 2025

 f)  Place of the transaction                              Outside a trading venue

 

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