Grant of Options
Brickability Group PLC announced on October 14, 2025, the grant of 4,738,730 options to subscribe for ordinary shares under its Long Term Incentive Plan. Of these options, 3,486,660 are conditional performance-related, and 1,252,070 are restricted share options. The performance-related options are exercisable at £0.01, with vesting conditions tied to adjusted EBITDA and total shareholder return over a performance period from April 1, 2025, to March 31, 2028. Among the conditional performance related options, Frank Hanna, the Chief Executive Officer, received 956,936 options, and Mike Gant, the Chief Financial Officer, received 575,012 options. Paul Hamilton, MD, Distribution, received 750,806 options, while Richard Cosgrove and Kenny Hirst-Sewell each received 338,592 options.
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Brickability Group PLC, the leading construction materials distributor, announces that on 13 October 2025 it awarded a total of 4,738,730 options to subscribe for ordinary shares in the Company under the Brickability Group PLC Long Term Incentive Plan ("LTIP"). Of these, 3,486,660 are conditional performance related options and 1,252,070 are restricted share options.
The conditional performance related options include the following, that were granted to Directors and PDMRs of the Company:
| Individual | Role | Number of LTIP Options |
|---|---|---|
| Frank Hanna | Chief Executive Officer | 956,936 |
| Mike Gant | Chief Financial Officer | 575,012 |
| Paul Hamilton | MD, Distribution | 750,806 |
| Richard Cosgrove | MD, Bricks & Building Materials and Importing | 338,592 |
| Kenny Hirst-Sewell | MD, Taylor Maxwell Group | 338,592 |
The performance related 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% if the 30% threshold is met. To the extent vested, the options will be subject to a two-year holding period following the expiry of the vesting period. The performance period will be 1 April 2025 to 31 March 2028.
The 1,252,070 restricted share options are being issued to a broad number of Group employees outside of the senior management team. These are not subject to performance conditions or the additional holding period but, as with all options awarded under the plan, require that grantees remain in the Group's employment for the duration of the vesting period being the period from 13 October 2025 to 13 October 2028.
| a) | Name | Frank Hanna |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Brickability Group PLC |
| b) | LEI | 213800SK28MWXB3K3P26 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.01 each GB00BK63S759 |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) n/a 956,936 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 13 October 2025 |
| f) | Place of the transaction | Outside of a trading platform |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Mike Gant |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Brickability Group PLC |
| b) | LEI | 213800SK28MWXB3K3P26 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.01 each GB00BK63S759 |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) n/a 575,012 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 13 October 2025 |
| f) | Place of the transaction | Outside of a trading platform |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Paul Hamilton |
| 2 | Reason for the notification | |
| a) | Position/status | MD, Distribution |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Brickability Group PLC |
| b) | LEI | 213800SK28MWXB3K3P26 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.01 each GB00BK63S759 |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) n/a 750,806 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 13 October 2025 |
| f) | Place of the transaction | Outside of a trading platform |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Richard Cosgrove |
| 2 | Reason for the notification | |
| a) | Position/status | MD, Bricks & Building Materials and Importing |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Brickability Group PLC |
| b) | LEI | 213800SK28MWXB3K3P26 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.01 each GB00BK63S759 |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) n/a 338,592 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 13 October 2025 |
| f) | Place of the transaction | Outside of a trading platform |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Kenny Hirst-Sewell |
| 2 | Reason for the notification | |
| a) | Position/status | MD, Taylor Maxwell Group |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Brickability Group PLC |
| b) | LEI | 213800SK28MWXB3K3P26 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.01 each GB00BK63S759 |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) n/a 338,592 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 13 October 2025 |
| f) | Place of the transaction | Outside of a trading platform |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.