REG - Michelmersh Brick - Transaction in Own Shares

Michelmersh Brick HoldingsAnnouncement

30/01/2023 07:00

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RNS Number : 1412O  Michelmersh Brick Holdings PLC  30 January 2023

30 January 2023

Michelmersh Brick Holdings Plc

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

Transaction in Own Shares

 

The Company announces that it has made the following purchases of ordinary
shares of 20 pence each in the capital of the Company ("Ordinary Shares") from
Canaccord Genuity Limited on the London Stock Exchange pursuant to the Share
Buyback Programme announced on 24 November 2022.

 Date of purchase                                            27 January 2023
 Number of Ordinary Shares purchased (aggregated volume):    25,000
 Highest Price paid per Ordinary Share (p):                  91.5
 Lowest Price paid per Ordinary Share (p):                   91.5
 Volume Weighted Average Price paid per Ordinary Share (p):  91.5
 Venue where Ordinary Shares are traded                      London Stock Exchange (AIM)

The Company will hold the repurchased shares in treasury. Following the
purchase, the number of Ordinary Shares in issue and admitted to trading on
AIM will be 95,818,579 (excluding treasury shares), and the Company will hold
85,000 ordinary shares in treasury.

 

This figure of 95,818,579 Ordinary Shares may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

 

The Company will make further announcements in due course following the
completion of any further purchases pursuant to the Share Buyback Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation), the schedule below contains detailed information about the
purchases made by Canaccord Genuity Limited on behalf of the Company.

Individual transactions:

 Number of shares purchased  Transaction price (pence per share)  Time of transaction  Trading venue
 25,000                      91.5                                 11:35.10             London Stock Exchange

 

For further information, please contact:

 

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

Frank Hanna, Joint CEO

 Ryan Mahoney, CFO

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

 Max Hartley

 Bobbie Hilliam

 Harry Pardoe

 Berenberg                                            Tel: +44 (0) 203 207 7800

 Richard Bootle

 Detlir Elizi

 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, 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 and www.bimbricks.com

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