Block Admission

Brickability Group PLC

17 November 2023

 

Brickability Group PLC 

17 November 2023

Brickability Group plc

("Brickability" or "the Group")

Block Admission

Brickability Group plc (AIM: BRCK), the leading construction materials distributor, announces that it has today made application for the block admission (the "Block Admission") of up to a total of 4,136,492 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 a.m. on 22 November 2023.

Following Admission, the Company will continue to have 300,296,567 Ordinary Shares in issue, which remains unchanged from previous notifications.

The Block Admission is being put in place in connection with the vesting, on 22 November 2023, of options to subscribe for new Ordinary Shares under the Group's Long Term Incentive Plan (the "LTIP Options"), details of which were set out in the Company's AIM admission document, and the Block Admission has been made to enable the Group to efficiently handle future issues of new Ordinary Shares (which will when issued rank pari passu with the existing Ordinary Shares) from time to time pursuant to the exercise of LTIP Options.

Following Admission, the Company will have block admissions in place in respect of up to a total of 5,355,144 new ordinary shares, comprising 4,136,492 new ordinary shares pursuant to the Group's Long Term Incentive Plan and 1,218,652 new ordinary shares pursuant to the Group's Company Share Option Scheme.

For further information please contact:

Brickability Group plc John Richards, Chairman Alan Simpson, CEO Mike Gant, CFO	via Montfort Communications
Cavendish Capital Markets Limited (Nominated adviser and broker) Ben Jeynes, George Lawson (Corporate Finance) Julian Morse, Michael Johnson (Sales)	[phone]
Montfort Communications James Olley Ella Henderson	[phone]

About Brickability

Brickability is a leading construction materials distributor, serving customers across the UK and Europe for over 37 years through its national and local networks. The Group operates from over 70 locations across the country and has more than 700 employees.

 

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