Grant of Options

RNS Number : 3955E

Brickability Group PLC

27 October 2022

 

Brickability Group PLC  

LEI:  213800SK28MWXB3K3P26  

27 October 2022

Brickability Group plc

(the "Company" or the "Group")

Grant of Options

Brickability Group plc, the leading construction materials distributor, announces that on 27 October 2022 it awarded a total of 4,037,124 options to subscribe for new ordinary shares in the Company under the Brickability Group plc Long Term Incentive Plan ("LTIP") 2019. Of these, 2,224,449 are conditional performance related options including the following grants to Directors and PDMR's ("Management Options").

Director/PDMR	Number of LTIP Options
Mike Gant-Director	440,379
Paul Hamilton-PDMR	575,013
Simon Pearson-PDMR	203,252
Simon Mellor-PDMR	203,252
Arnold Van Huet -PDMR	203,252
Andrew Wilson-PDMR	203,252
Kenny Hirst-Sewell - PDMR	203,252

The Management Options are exercisable on the same terms as previous options granted under the Company's LTIP, being 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 25% vesting if the initial 18% hurdle is met with a proportionate additional vesting up to 100% at the 30% threshold being met. To the extent vested, the options will be subject to a two-year holding period following the expiry of the performance period. The performance period will be 1 April 2022 to 31 March 2025.

The balance of the options awarded (being 1,812,675) are restricted share options which are being issued to a broad number of Group employees outside of the senior management team. These are not subject to performance conditions or the additional holding period but, as with all options awarded under the plan, require that grantees remain in the Group's employment for the duration of the vesting period being the period from 1 April 2022 to 31 March 2025.

Enquiries: Brickability Group PLC	via Montfort Communications
John Richards, Chairman Alan Simpson, Chief Executive Officer
Mike Gant, Chief Financial Officer
Cenkos Securities plc (Nominated adviser and broker) Ben Jeynes, Max Gould (Corporate Finance) Julian Morse, Alex Pollen (Sales)   Montfort Communications James Olley Georgia Colkin	[phone] [phone]

About Brickability

Brickability is a leading construction materials distributor, serving customers across the UK and Europe for over 36 years through its national and local networks. The Group supplies over 550m bricks annually and has over 55 locations across the country with over 600 employees

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	Mike Gant
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   440,379
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	27 October 2022
f)	Place of the transaction	n/a

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Hamilton
2	Reason for the notification
a)	Position/status	PDMR - COO
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   575,013
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	27 October 2022
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- Managing Director of Roofing Division
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   203,252
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	27 October 2022
f)	Place of the transaction	n/a

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Mellor
2	Reason for the notification
a)	Position/status	PDMR - Managing Director of Bricks Division
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   203,252
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	27 October 2022
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-  Group Acquisition Director
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   203,252
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	27 October 2022
f)	Place of the transaction	n/a

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Wilson
2	Reason for the notification
a)	Position/status	PDMR- Managing Director of The Bespoke Brick Co.
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   203,252
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	27 October 2022
f)	Place of the transaction	n/a

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kenny Hirst-Sewell
2	Reason for the notification
a)	Position/status	PDMR- Managing Director of Taylor Maxwell
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   203,252
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	27 October 2022
f)	Place of the transaction	n/a

 

END

 

 

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