Exercise of Options

RNS Number : 3538X

Michelmersh Brick Holdings PLC

18 December 2019

 

18 December 2019

Michelmersh Brick Holdings Plc

("Michelmersh" or the "Company")

Exercise of Options 

Michelmersh (AIM: MBH), the specialist brick manufacturer, announces that application has been made for the admission to trading on AIM ("Admission") of 603 ordinary shares of 20 pence each in the capital of the Company ("Ordinary Shares"), following the exercise of options over Ordinary Shares pursuant to the Company's LTIP scheme. The new Ordinary Shares will rank pari-passu with existing Ordinary Shares. Admission of the new Ordinary Shares is expected on 23 December 2019.

Following Admission, the Company's issued ordinary share capital will comprise 92,489,001 Ordinary Shares, of which none are held in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 92,489,001 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

 

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