TIDMMBH

RNS Number : 9116N

Michelmersh Brick Holdings PLC

21 May 2015

21 May 2015

Michelmersh Brick Holdings PLC

("MBH" or the "Group")

Grant of Options

The Company announces that on 20 May 2015, the following options were granted over ordinary shares in the Company of 20 pence nominal value ("Options") to Executive Directors under the Michelmersh Brick Holdings Plc Non-qualifying Share Option Plan ("LTIP").

 
 Director       Position            Number of   Exercise   Total number 
                                     Options     price      of Options 
                                     granted                held following 
                                                            grant 
                Commercial 
 Frank Hanna     Director           350,000     nil        391,000 
 Stephen        Finance 
  Morgan         Director           300,000     nil        341,000 
                Group Operations 
 Peter Sharp     Director           350,000     nil        454,157*

*Following the subsequent grant of Options, above, Mr Sharp now owns 454,157 options, with 63,157 of these Options held under the Company Share Save Scheme.

The new Options were granted to the three Executive Directors under an unapproved Long Term Incentive Plan, and accumulate in each of the financial years 2015 to 2019 provided that performance targets are met. The options may be exercised after release of the 2019 Annual Report, expected in March 2020.

Enquiries:

 
 Michelmersh Brick Holdings 
  Martin Warner, CEO 
  Stephen Morgan, Finance Director    01825 430 413 
 Cenkos Securities plc 
  Bobbie Hilliam (NOMAD) 
  Harry Pardoe 
  Oliver Baxendale (Sales)            020 7397 8900 
 Yellow Jersey PR 
  Kelsey Traynor                       07799 003 220 
  Dominic Barretto                      07768 537 739

About Michelmersh Brick Holdings PLC:

Michelmersh Brick Holdings PLC is a business with five leading market 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 70 million clay bricks, tiles and pavers per annum. MBH PLC currently owns most of the UK's premium manufacturing brands and is a leading specification brick and clay paving manufacturer.

Recently Michelmersh's products have been successfully used in prestigious projects such as the Nottingham Railway Station refurbishment, Manchester's Salford Quays regeneration project and the Lend Lease, Elephant and Castle redevelopment in London. We are also suppliers to high value housing developers such as Berkeley and St James Homes, delivering to key city regeneration projects such as Battersea Reach.

Please visit the Group's website at: www.mbhplc.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSEAFSFFISELI

Michelmersh Brick (LSE:MBH)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Michelmersh Brick Charts.
Michelmersh Brick (LSE:MBH)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Michelmersh Brick Charts.