Grant of Options - Director/PDMR Shareholding

RNS Number : 6193F

Brickability Group PLC

17 November 2020

 

Brickability Group plc

(the "Company" or the "Group")

Grant of Options

Brickability Group plc, the leading construction materials distributor, announces that, on 16 November 2020, it awarded 5,621,074 options under the Brickability Group plc Long Term Incentive Plan ("LTIP") 2019 to a broad number of Group employees. This is the first grant of options under the LTIP since the Company's admission to AIM in August 2019.

The options are exercisable at the nominal price of £0.01 and have vesting conditions tied to adjusted EBITDA and total shareholder return, with each award split equally between the two performance conditions. Vesting will occur on a straight-line basis on achieving 18% (equivalent to 6% annually) to 30% (equivalent to 10% annually) of the relevant performance condition over the performance period. There is no vesting if the relevant target is not met but a 50% vesting if the initial 18% hurdle is met with a proportionate additional vesting up to 100% at the 30% threshold being met.

The performance period is three years ending 1 October 2023.

Additional details on vesting conditions and the LTIPs are set out in the Company's Admission Document available on the Company's website.

Details of Group directors and PDMRs who have received options are set out in the schedule below.

Name	Director/PDMR	Options awarded
Stuart Overend	Director	747,283
Simon Pearson	PDMR	373,641
Arnold Van Huet	PDMR	373,642
Andrew Wilson	PDMR	326,087

Enquiries: Brickability Group PLC
John Richards, Chairman Alan Simpson, Chief Executive officer
c/o Montfort Communications
Cenkos Securities (Nomad and Broker) Max Hartley, Max Gould (Corporate Finance)	0207 397 8900
Julian Morse, Alex Pollen (Sales)
Montfort Communications (Financial PR)	0203 770 7916
James Olley Woolf Thomson Jones

The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stuart Overend
2	Reason for the notification
a)	Position/status	CFO
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Brickability Group plc
b)	LEI	213800SK28MWXB3K3P26
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, type of instrument Identification code	Options for ordinary shares exercisable at £0.01 GB00BK63S759
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a  747,283
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	16 November 2020
f)	Place of the transaction	n/a
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew John Wilson
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Brickability Group plc
b)	LEI	213800SK28MWXB3K3P26
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, type of instrument Identification code	Options for ordinary shares exercisable at £0.01 GB00BK63S759
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a  326,087
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	16 November 2020
f)	Place of the transaction	n/a

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Pearson
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Brickability Group plc
b)	LEI	213800SK28MWXB3K3P26
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, type of instrument Identification code	Options for ordinary shares exercisable at £0.01 GB00BK63S759
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a  373,641
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	16 November 2020
f)	Place of the transaction	n/a

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Arnold Van Huet
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Brickability Group plc
b)	LEI	213800SK28MWXB3K3P26
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, type of instrument Identification code	Options for ordinary shares exercisable at £0.01 GB00BK63S759
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a  373,642
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	16 November 2020
f)	Place of the transaction	n/a

 

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