Issue of Equity

RNS Number : 9756P

Michelmersh Brick Holdings PLC

23 November 2016

 

23 November 2016

Michelmersh Brick Holdings PLC

("MBH", or the "Group")

ISSUE OF EQUITY

The Company has today applied for 236,522 new ordinary shares of 20 pence each ("New Ordinary Shares") to be admitted to trading on AIM ("Admission"). The New Ordinary Shares will be issued to the Company's employee benefits trust ("EBT") in order to satisfy future exercises of options from certain employees. It is expected that dealings in the New Ordinary Shares will commence at 08.00a.m on 29 November 2016.

Following admission, the Company will have 81,471,178 ordinary shares of 20 pence each ("Ordinary Shares") outstanding. The figure of 81,471,178 Ordinary Shares 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 change their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 Enquiries:

Michelmersh Brick Holdings Frank Hanna, Joint CEO Stephen Morgan, Finance Director	01825 430 413
Cenkos Securities plc Bobbie Hilliam (NOMAD) Harry Pardoe Alex Aylen (Sales)	020 7397 8900
Yellow Jersey PR Charles Goodwin Dominic Barretto	07747 788 221 07768 537 739

About Michelmersh Brick Holdings PLC:

Michelmersh Brick Holdings PLC is a business with five market leading brands: Blockleys, 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 approximately 72 million clay bricks, tiles and pavers per annum. MBH currently owns most of the UK's premium manufacturing brands and is a leading specification brick and clay paving manufacturer.

MBH 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 is 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 built 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 website at: www.mbhplc.co.uk 

 

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