Grant of Options
BRCK Group plc has awarded a total of 5,996,926 options under its Long Term Incentive Plan to employees, comprising 4,078,510 performance-related options and 1,918,416 restricted share options. The performance options, which include awards to directors and PDMRs such as the CEO and CFO, are subject to vesting conditions tied to adjusted EPS and total shareholder return between April 2026 and March 2029, with a two-year holding period post-vesting. The restricted share options are not performance-dependent but require continued employment until September 2029. All options are exercisable at a nominal price of £0.01 per ordinary share.
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BRCK Group plc, the leading construction materials distributor, announces that on 28 September 2026 a total of 5,996,926 options to subscribe for ordinary shares in the Company (the ‘Options’) under the BRCK Group plc Long Term Incentive Plan (‘LTIP’) were awarded to employees of the Group.
The LTIP is designed to attract, retain and incentivise Group employees in the delivery of the Group’s strategy whilst providing strong alignment with shareholder interests.
4,078,510 of the Options are conditional performance related options (the ‘Performance Options’) and 1,918,416 Options are restricted share options (the ‘RSOs’). The Performance Options include awards to Directors and PDMRs of the Company as follows.
| Director/PDMR | Role | Number of Performance Options |
|---|---|---|
| Frank Hanna | Chief Executive Officer | 1,077,070 |
| Mike Gant | Chief Financial Officer | 645,780 |
| Aisling Kenny | Chief People Officer | 270,138 |
| Kenny Hirst-Sewell | Group Commercial Officer | 380,264 |
| Richard Cosgrove | MD, Brickability Companies | 380,264 |
| Jonathan Rosie | MD, Taylor Maxwell Group | 369,188 |
| Calum Walsh | MD, Towelrads | 360,184 |
| Shane Whiffen | MD, Roofing | 361,714 |
The Performance Options will be exercisable at a nominal price of £0.01 per ordinary share and have vesting conditions tied to adjusted Group earnings per share (‘EPS’) and total shareholder return (‘TSR’) over a performance period from 1 April 2026 to 31 March 2029, with each award split equally between the two performance conditions.
Vesting of the Performance Options will occur on a straight-line basis on achieving between the below threshold and maximum targets. There is no vesting if the relevant threshold target is not met but a 25% vesting if the initial hurdle is met with a proportionate additional vesting up to 100% if the maximum target is met. To the extent vested, the Performance Options will be subject to a two-year holding period following the expiry of the vesting period.
| Performance condition | Threshold target | Maximum target |
| Adjusted EPS | 3.7% compound annual growth | 5% compound annual growth |
| TSR | 18% (equivalent to 6% annually) | 30% (equivalent to 10% annually) |
The RSOs have been awarded to a broad number of Group employees outside of the Group’s senior management team. The RSOs are not subject to performance conditions, will be exercisable at a nominal price of £0.01 per ordinary share and are not subject to a holding period following vesting but, as with all options awarded under the LTIP, require grantees to remain in the Group's employment for the duration of the vesting period being the period from 28 September 2026 to 28 September 2029.
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer Chief Financial Officer Chief People Officer Group Commercial Officer MD, Brickability Companies MD, Taylor Maxwell Group MD, Towelrads MD, Roofing |
| b) | Initial notification /Amendment | Initial Notifications |
| a) | Name | BRCK 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 performance share options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. n/a 2. n/a 3. n/a 4. n.a 5. n/a 6. n.a 7. n/a 8. n/a 1,077,070 645,780 270,138 380,264 380,264 369,188 360,184 361,714 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 28 September 2026 |
| 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.