TIDMMBH
RNS Number : 5724A
Michelmersh Brick Holdings PLC
22 January 2020
22 January 2020
Michelmersh Brick Holdings Plc
("Michelmersh" or the "Company")
Director/PDMR shareholding
Michelmersh (AIM: MBH), the specialist brick manufacturer, has
been informed that three Executive Directors have today exercised
nil paid options over ordinary shares of 20 pence each in the
capital of the Company ("Ordinary Shares").
Mr Frank Hanna, Joint CEO of the Company, exercised 350,000 nil
paid options over Ordinary Shares ("Options"), Mr Peter Sharp,
Joint CEO of the Company, exercised 350,000 Options and Mr Stephen
Morgan, CFO of the Company, exercised 300,000 Options.
Following the exercise, Mr Hanna sold a total of 350,000
Ordinary Shares, Mr Sharp sold 350,000 Ordinary Shares and Mr
Morgan sold 300,000 Ordinary Shares on 21 January 2020. The sale
price was 123 pence per Ordinary Share. Following the above
transactions, the shareholdings of the Directors remain
unchanged.
The Company has made an application for the 1,000,000 Ordinary
Shares to be admitted to trading on AIM ("Admission"). Admission is
expected to become effective at 8.00 a.m. on 27 January 2020.
Following Admission, the Company will have 93,717,383 Ordinary
Shares in issue, each with voting rights, which figure 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 to their interest in, the
share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules. The Company
does not hold any Ordinary Shares in Treasury.
For further information, please contact:
Enquiries:
Michelmersh Brick Holdings Plc
Frank Hanna, Joint CEO
Stephen Morgan, Finance Director 01825 430412
Canaccord Genuity Limited (NOMAD
and Broker)
Bobbie Hilliam
Georgina McCooke 020 7523 8150
Yellow Jersey PR 07747 788 221
Charles Goodwin 07544 275 882
Harriet Jackson
Annabel Atkins
About Michelmersh Brick Holdings PLC:
Michelmersh Brick Holdings PLC is a business with seven market
leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane,
Michelmersh, Hathern Terra Cotta and Floren. These divisions
operate within a fully integrated business combining the
manufacture of clay bricks 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 over 120 million clay bricks and pavers per annum.
Michelmersh currently owns most of the UK's premium manufacturing
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
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Frank Hanna
--------------------------------------------- -------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------
a) Position/Status: Joint Chief Executive
--------------------------------------------- -------------------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------------
a) Name: Michelmersh Brick Holdings plc
--------------------------------------------- -------------------------------------------------
b) LEI: 213800CIFQFPAHIQE695
--------------------------------------------- -------------------------------------------------
4. Details of 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 Options over ordinary shares of 20 pence each
the financial in the capital of the Company
instrument:
Identification ISIN: GB00B013H060
code:
--------------------------------------------- -------------------------------------------------
b) Nature of the Exercise of options
transaction:
--------------------------------------------- -------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s):
--------------------------------------------- ------------------------ -----------------------
- 350,000
--------------------------------------------------------------------------- -----------------------
d) Aggregated volume: n/a - single transaction
Price:
--------------------------------------------- -------------------------------------------------
e) Date of the Transaction: 21 January 2020
--------------------------------------------- -------------------------------------------------
f) Place of the LSE
Transaction:
--------------------------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Frank Hanna
--------------------------------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------
a) Position/Status: Joint Chief Executive
--------------------------------------------- --------------------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------
a) Name: Michelmersh Brick Holdings plc
--------------------------------------------- --------------------------------------------------
b) LEI: 213800CIFQFPAHIQE695
--------------------------------------------- --------------------------------------------------
4. Details of 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 Ordinary shares of 20 pence each in the capital
the financial of the Company
instrument:
Identification ISIN: GB00B013H060
code:
--------------------------------------------- --------------------------------------------------
b) Nature of the Sale of Ordinary Shares
transaction:
--------------------------------------------- --------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s):
--------------------------------------------- ------------------------ ------------------------
123p 350,000
-------------------------------------------------- ------------------------ ------------------------
d) Aggregated volume: n/a - single transaction
Price:
--------------------------------------------- --------------------------------------------------
e) Date of the Transaction: 21 January 2020
--------------------------------------------- --------------------------------------------------
f) Place of the LSE
Transaction:
--------------------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Peter Sharp
--------------------------------------------- -------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------
a) Position/Status: Joint Chief Executive
--------------------------------------------- -------------------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------------
a) Name: Michelmersh Brick Holdings plc
--------------------------------------------- -------------------------------------------------
b) LEI: 213800CIFQFPAHIQE695
--------------------------------------------- -------------------------------------------------
4. Details of 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 Options over ordinary shares of 20 pence each
the financial in the capital of the Company
instrument:
Identification ISIN: GB00B013H060
code:
--------------------------------------------- -------------------------------------------------
b) Nature of the Exercise of Options
transaction:
--------------------------------------------- -------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s):
--------------------------------------------- ------------------------ -----------------------
- 350,000
--------------------------------------------------------------------------- -----------------------
d) Aggregated volume: n/a - single transaction
Price:
--------------------------------------------- -------------------------------------------------
e) Date of the Transaction: 21 January 2020
--------------------------------------------- -------------------------------------------------
f) Place of the LSE
Transaction:
--------------------------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Peter Sharp
--------------------------------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------
a) Position/Status: Joint Chief Executive
--------------------------------------------- --------------------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------
a) Name: Michelmersh Brick Holdings plc
--------------------------------------------- --------------------------------------------------
b) LEI: 213800CIFQFPAHIQE695
--------------------------------------------- --------------------------------------------------
4. Details of 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 Ordinary shares of 20 pence each in the capital
the financial of the Company
instrument:
Identification ISIN: GB00B013H060
code:
--------------------------------------------- --------------------------------------------------
b) Nature of the Sale of Ordinary Shares
transaction:
--------------------------------------------- --------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s):
--------------------------------------------- ------------------------ ------------------------
123p 350,000
-------------------------------------------------- ------------------------ ------------------------
d) Aggregated volume: n/a - single transaction
Price:
--------------------------------------------- --------------------------------------------------
e) Date of the Transaction: 21 January 2020
--------------------------------------------- --------------------------------------------------
f) Place of the LSE
Transaction:
--------------------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Stephen Morgan
--------------------------------------------- -------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------
a) Position/Status: Chief Financial Officer
--------------------------------------------- -------------------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------------
a) Name: Michelmersh Brick Holdings plc
--------------------------------------------- -------------------------------------------------
b) LEI: 213800CIFQFPAHIQE695
--------------------------------------------- -------------------------------------------------
4. Details of 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 Options over ordinary shares of 20 pence each
the financial in the capital of the Company
instrument:
Identification ISIN: GB00B013H060
code:
--------------------------------------------- -------------------------------------------------
b) Nature of the Exercise of Options
transaction:
--------------------------------------------- -------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s):
--------------------------------------------- ------------------------ -----------------------
- 300,000
--------------------------------------------------------------------------- -----------------------
d) Aggregated volume: n/a - single transaction
Price:
--------------------------------------------- -------------------------------------------------
e) Date of the Transaction: 21 January 2020
--------------------------------------------- -------------------------------------------------
f) Place of the LSE
Transaction:
--------------------------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Stephen Morgan
--------------------------------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------
a) Position/Status: Chief Financial Officer
--------------------------------------------- --------------------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------
a) Name: Michelmersh Brick Holdings plc
--------------------------------------------- --------------------------------------------------
b) LEI: 213800CIFQFPAHIQE695
--------------------------------------------- --------------------------------------------------
4. Details of 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 Ordinary shares of 20 pence each in the capital
the financial of the Company
instrument:
Identification ISIN: GB00B013H060
code:
--------------------------------------------- --------------------------------------------------
b) Nature of the Sale of Ordinary Shares
transaction:
--------------------------------------------- --------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s):
--------------------------------------------- ------------------------ ------------------------
123p 300,000
-------------------------------------------------- ------------------------ ------------------------
d) Aggregated volume: n/a - single transaction
Price:
--------------------------------------------- --------------------------------------------------
e) Date of the Transaction: 21 January 2020
--------------------------------------------- --------------------------------------------------
f) Place of the LSE
Transaction:
--------------------------------------------- --------------------------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
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of this information may apply. For further information, please
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END
DSHSEDSAEESSELF
(END) Dow Jones Newswires
January 22, 2020 03:45 ET (08:45 GMT)
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