Transaction in Own Shares

RNS Number : 8883V

Michelmersh Brick Holdings PLC

12 April 2023

 

12 April 2023

Michelmersh Brick Holdings Plc

("MBH", the "Company" or the "Group")

Transaction in Own Shares

The Company announces that it has made the following purchases of ordinary shares of 20 pence each in the capital of the Company ("Ordinary Shares") from Canaccord Genuity Limited on the London Stock Exchange pursuant to the Share Buyback Programme originally announced on 24 November 2022 and renewed on 29 March 2023.

Date of purchase	11 April 2023
Number of Ordinary Shares purchased (aggregated volume):	32,000
Highest Price paid per Ordinary Share (p):	92.0
Lowest Price paid per Ordinary Share (p):	92.0
Volume Weighted Average Price paid per Ordinary Share (p):	92.0
Venue where Ordinary Shares are traded	London Stock Exchange (AIM)

The Company will hold the repurchased shares in treasury. Following the purchase, the number of Ordinary Shares in issue and admitted to trading on AIM will be 95,475,579 (excluding treasury shares), and the Company will hold 428,000 ordinary shares in treasury.

This figure of 95,475,579 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Company will make further announcements in due course following the completion of any further purchases pursuant to the Share Buyback Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Canaccord Genuity Limited on behalf of the Company.

Individual transactions:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Trading venue
20,000	92.0	11:20.37	London Stock Exchange
12,000	92.0	14:38.49	London Stock Exchange

For further information, please contact:

Michelmersh Brick Holdings plc Frank Hanna, Joint CEO Ryan Mahoney, CFO	Tel: [phone]
Canaccord Genuity Limited (NOMAD and Joint Broker) Max Hartley Bobbie Hilliam Berenberg (Joint Broker) Richard Bootle Detlir Elizi	Tel: [phone] Tel: [phone]
Yellow Jersey PR Charles Goodwin Annabelle Wills	Tel: [phone] Tel: [phone]

 

About Michelmersh Brick Holdings PLC:

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren.be and Hathern Terra Cotta. These divisions operate within a fully integrated business, combining the production of premium, precision-made bricks, pavers, special shaped bricks, bespoke Terra Cotta products and prefabricated brick components. 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 122 million clay bricks and pavers per annum. Michelmersh currently owns most of the UK's premium manufacturing brick 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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