Exercise of Options

RNS Number : 8723A

Michelmersh Brick Holdings PLC

14 September 2018

 

14 September 2018

Michelmersh Brick Holdings plc
(the "Company")

Exercise of Options

The Company notifies that Mick Brophy and Mark Wall, both Associate Directors of the Company, have each exercised share options over 13,595 ordinary shares of 20 pence each in the capital of the Company ("New Ordinary Shares") for an exercise price of 66.2 pence per ordinary share pursuant to the Company's Sharesave 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 22 June 2018.

The Company has also been notified that, following the above exercise, Mark Wall subsequently sold 13,595 ordinary shares for a price of 92 pence per ordinary share.

The Company's issued ordinary share capital comprises 86,467,083 ordinary shares, of which none is held in treasury. Therefore, the total number of ordinary shares with voting rights in the Company is 86,467,083, 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:

Michelmersh Brick Holdings Plc Frank Hanna, Joint CEO Stephen Morgan, Finance Director	01825 430 413
Cenkos Securities plc Max Hartley (NOMAD) Harry Hargreaves	020 7397 8900
Yellow Jersey PR Charles Goodwin Abena Affum	07747 788 221 07555 159 808

About Michelmersh Brick Holdings PLC:

Michelmersh Brick Holdings PLC is a business with six market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh and Hathern Terra Cotta. These divisions operate within a fully integrated business combining the manufacture of clay bricks, tiles 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 100 million clay bricks, tiles 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.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Mick Brophy
2	Reason for the notification
a)	Position/Status:	Associate Director
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 of 20 pence each ISIN: GB00B013H060
b)	Nature of the transaction:	Exercise of options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		£0.662	13,595
d)	Aggregated volume: Price:	13,595 £8,999.89
e)	Date of the Transaction:	14 September 2018
f)	Place of the Transaction:	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Mark Wall
2	Reason for the notification
a)	Position/Status:	Associate Director
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 of 20 pence each ISIN: GB00B013H060
b)	Nature of the transaction:	Exercise of options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		£0.662	13,595
d)	Aggregated volume: Price:	13,595 £8,999.89
e)	Date of the Transaction:	14 September 2018
f)	Place of the Transaction:	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Mark Wall
2	Reason for the notification
a)	Position/Status:	Associate Director
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:	Ordinary Shares of 20 pence each ISIN: GB00B013H060
b)	Nature of the transaction:	Sale of ordinary shares
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		£0.92	13,595
d)	Aggregated volume: Price:	13,595 £12,507.4
e)	Date of the Transaction:	14 September 2018
f)	Place of the Transaction:	AIMX

 

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