Michelmersh Brick Holdings PLC Grant of Option and PDMR dealings (9784X)
02 Maio 2023 - 3:00AM
UK Regulatory
TIDMMBH
RNS Number : 9784X
Michelmersh Brick Holdings PLC
02 May 2023
2 May 2023
Michelmersh Brick Holdings Plc
("MBH", the "Company" or the "Group")
Grant of Option and PDMR dealings
Michelmersh Brick Holdings PLC (AIM: MBH), the specialist brick
manufacturer, announces an annual grant under the Company's Long
Term Incentive Plan 2022 as announced on 12 October 2022 (the
"LTIP") to executive directors.
This year's grant (the "2023 Grant") will include three-year
performance targets linked to the delivery of EPS growth, total
shareholder return performance when benchmarked against a UK based
industry peer group, and delivery of ESG metrics. The 2023 Grant
will equate to a value of 125% of the basic salary of each
executive director.
On 28 April 2023, options over 985,407 shares in aggregate were
granted under the 2023 Grant to executive directors as set out
below:
Director Role Number of options
granted
Joint Chief Executive
Frank Hanna Officer 354,463
Joint Chief Executive
Peter Sharp Officer 354,463
Ryan Mahoney Chief Financial Officer 276,481
The number of shares in respect of the 2023 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
Frank Hanna, Joint Chief Executive Officer 430 412
Ryan Mahoney, Chief Financial Officer
Canaccord Genuity Limited (NOMAD and Tel: +44 (0)20
Joint Broker) 7523 8000
Max Hartley
Bobbie Hilliam
Harry Pardoe
Berenberg (Joint Broker) Tel: +44 (0)20
Richard Bootle 3207 7800
Detlir Elizi
Yellow Jersey PR Tel: +44 (0)7747
Charles Goodwin 788 221
Annabelle Wills Tel: +44 (0) 7775
194 357
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 and www.bimbricks.com
Details of PDMR / person closely associated with them
1 ('PCA')
a) Full Name F rank Hanna
--------------------------- -----------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position / status Joint CEO
--------------------------- -----------------------------------------
b) Initial notification Initial Notification
/ amendment
--------------------------- -----------------------------------------
Details of the issuer, emission allowance market participation,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Michelmersh Brick Holdings plc
------------------------- -------------------------------------------
b) LEI 213800CIFQFPAHIQE695
-------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 20 pence each in the
the financial capital of the Company
instrument
ISIN: GB00B013H060
Identification
code
--------------------------- -----------------------------------------
b) Nature of the Grant of Nil-Cost Options under the Long
transaction Term Incentive Plan 2022
--------------------------- -----------------------------------------
c) Price(s) and volume(s) Price: Nil
Volume: 354,463
--------------------------- -----------------------------------------
d) Aggregated information N/A - single transaction
Aggregated volume
and Price
--------------------------- -----------------------------------------
e) Date of the transaction 28 April 2023
--------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- -----------------------------------------
Details of PDMR / person closely associated with them
1 ('PCA')
a) Full Name Peter Sharp
--------------------------- -----------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position / status Joint CEO
--------------------------- -----------------------------------------
b) Initial notification Initial Notification
/ amendment
--------------------------- -----------------------------------------
Details of the issuer, emission allowance market participation,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Michelmersh Brick Holdings plc
------------------------- -------------------------------------------
b) LEI 213800CIFQFPAHIQE695
-------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 20 pence each in the
the financial capital of the Company
instrument
ISIN: GB00B013H060
Identification
code
--------------------------- -----------------------------------------
b) Nature of the Grant of Nil-Cost Options under the Long
transaction Term Incentive Plan 2022
--------------------------- -----------------------------------------
c) Price(s) and volume(s) Price: Nil
Volume: 354,463
--------------------------- -----------------------------------------
d) Aggregated information N/A - single transaction
Aggregated volume
and Price
--------------------------- -----------------------------------------
e) Date of the transaction 2 8 April 2023
--------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- -----------------------------------------
Details of PDMR / person closely associated with them
1 ('PCA')
a) Full Name Ryan Mahoney
--------------------------- -----------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position / status CFO
--------------------------- -----------------------------------------
b) Initial notification Initial Notification
/ amendment
--------------------------- -----------------------------------------
Details of the issuer, emission allowance market participation,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Michelmersh Brick Holdings plc
------------------------- -------------------------------------------
b) LEI 213800CIFQFPAHIQE695
-------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 20 pence each in the
the financial capital of the Company
instrument
ISIN: GB00B013H060
Identification
code
--------------------------- -----------------------------------------
b) Nature of the Grant of Nil-Cost Options under the Long
transaction Term Incentive Plan 2022
--------------------------- -----------------------------------------
c) Price(s) and volume(s) Price: Nil
Volume: 276,481
--------------------------- -----------------------------------------
d) Aggregated information N/A - single transaction
Aggregated volume
and Price
--------------------------- -----------------------------------------
e) Date of the transaction 2 8 April 2023
--------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- -----------------------------------------
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END
DSHABMITMTTMBJJ
(END) Dow Jones Newswires
May 02, 2023 02:00 ET (06:00 GMT)
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