Director/PDMR Transaction - Grant of Options

RNS Number : 8833P

Brickability Group PLC

22 October 2021

 

22 October 2021

Brickability Group PLC

(the "Company" or the "Group")

Grant of Options

Director/PDMR Transaction

Brickability Group plc, the leading construction materials distributor, announces that, on 21 October 2021, it awarded a total of 2,394,286 options to subscribe for new ordinary shares in the Company under the Brickability Group plc Long Term Incentive Plan ("LTIP") 2019 and the Brickability Company Share Option Plan 2019 to a broad number of Group employees, including option awards under the LTIP to certain of the Company's Directors/PDMRs in the amounts set out below (the "LTIP Options").

Director/PDMR	Number of LTIP Options
Mike Gant, Chief Financial Officer	214,286
Andrew Wilson, MD The Bespoke Brick Co.	114,286
Martin Rudge, MD Taylor Maxwell	131,429

Save as noted, the LTIP 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 2021 to 31 March 2024.

Enquiries: Brickability Group PLC	c/o Montfort Communications
John Richards, Chairman Alan Simpson, Chief Executive Officer
Mike Gant, Chief Financial Officer
Cenkos Securities (Nomad and Broker) Ben Jeynes, Max Gould (Corporate Finance)	0207 397 8900
Julian Morse, Alex Pollen (Sales)
Montfort Communications (Financial PR)	0203 770 7909
James Olley Georgia Colkin Miles McKechnie

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   214,286
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	21 October 2021
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 - MD, 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   114,286
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	21 October 2021
f)	Place of the transaction	n/a

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Rudge
2	Reason for the notification
a)	Position/status	PDMR - MD, 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   131,429
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	21 October 2021
f)	Place of the transaction	n/a

 

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