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RNS For Michelmersh Brick Holdings (MBH)

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Exercise of Options

12/06/2019
RNS Number : 0048C
Michelmersh Brick Holdings PLC
12 June 2019
 

12 June 2019

 

Michelmersh Brick Holdings Plc

 

("Michelmersh" or the "Company")

 

Exercise of Options

 

 

Michelmersh (AIM: MBH), the specialist brick manufacturer, announces that Tim Barnett, Associate Director of the Company, has exercised nil cost options over 2,563 ordinary shares of 20 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Company's LTIP scheme. The new Ordinary Shares rank pari-passu with existing Ordinary Shares and have been admitted to trading pursuant to the Company's Block Admission as announced on 18 April 2019.

 

As at 12 June 2019, the Company's issued ordinary share capital comprises 92,065,647 Ordinary Shares, of which none are held in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company is 92,065,647 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

For further information, please contact:

 

Enquiries:

Michelmersh Brick Holdings Plc

Frank Hanna, Joint CEO

Stephen Morgan, Finance Director

07384 259407

 

Canaccord Genuity Limited (NOMAD and Broker)

Bobbie Hilliam

Georgina McCooke

020 7523 8150

 

Yellow Jersey PR

Charles Goodwin

Harriet Jackson

Annabel Atkins

 

07747 788 221

07544 275 882

 

 

About Michelmersh Brick Holdings PLC:

 

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. 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 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

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Tim Barnett

2

Reason for the notification

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 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:

Identification code:

Options over Ordinary Shares
 

ISIN: GB00B013H060

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

-

2,563

d)

Aggregated volume:

Price:

n/a single transaction

e)

Date of the Transaction:

11 June 2019

f)

Place of the Transaction:

Outside a trading venue

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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