Brickability Group PLC Director/PDMR Transaction - Grant of Options (8833P)
22 October 2021 - 5:00PM
UK Regulatory
TIDMBRCK
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 GBP0.01 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:
c/o Montfort Communications
Brickability Group PLC
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 Options for ordinary shares exercisable at GBP0.01
Identification code
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 n/a
- Price
------------------------------------------------------------ ---------------------------------------------------
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 Options for ordinary shares exercisable at GBP0.01
Identification code
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 n/a
- Price
------------------------------------------------------------ ---------------------------------------------------
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 Options for ordinary shares exercisable at GBP0.01
Identification code
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 n/a
- Price
------------------------------------------------------------ ---------------------------------------------------
e) Date of the transaction 21 October 2021
------------------------------------------------------------ ---------------------------------------------------
f) Place of the transaction n/a
------------------------------------------------------------ ---------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHDKDBNDBDBAKB
(END) Dow Jones Newswires
October 22, 2021 02:00 ET (06:00 GMT)
Brickability (LSE:BRCK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Brickability (LSE:BRCK)
Historical Stock Chart
From Apr 2023 to Apr 2024
