Exercise of LTIP Options
CEO and CFO exercise LTIP options, receiving 41,076 and 32,040 shares respectively on a cash-less basis.
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Michelmersh Brick Holdings PLC (AIM: MBH), the specialist brick manufacturer, announces the following Person Discharging Managerial Responsibility ("PDMR") dealings in accordance with Article 19 of the Market Abuse Regulation. Under the Company's Long Term Incentive Plan ("LTIP"), options are being exercised by certain PDMRs, with shares being issued from the Company's Employee Benefit Trust ("EBT"). Details of the exercise of options are below.
| PDMR | Role | Number of options exercised | Number of Ordinary Shares received pursuant to the exercise* | Enlarged Interest in Ordinary Shares | Enlarged Interest in Ordinary Shares as a Percentage of Issued Share Capital |
|---|---|---|---|---|---|
| Peter Sharp | CEO | 76,871 | 41,076 | 145,233 | 0.16% |
| Ryan Mahoney | CFO | 59,960 | 32,040 | 32,040 | 0.03% |
* The options have been exercised on a cash-less basis, after deductions for income tax and national insurance contributions.
Following this exercise, there are no further LTIP options outstanding under the 2022 grant and a total of 962,776 ordinary shares are held by the EBT, representing approximately 1.00% per cent of the Company's total voting rights.
| 1 | Details of PDMR / person closely associated with them ('PCA') | |
| a) | Full Name | Peter Sharp |
| 2 | Reason for the notification | |
| a) | Position / status | Chief Executive Officer |
| b) | Initial notification / amendment | Initial Notification |
| a) | Name | Michelmersh Brick Holdings plc |
| b) | LEI | 213800CIFQFPAHIQE695 |
| a) | Description of the financial instrument Identification code | Ordinary shares of 20 pence each in the capital of the Company ISIN: GB00B013H060 |
| b) | Nature of the transaction | Exercise of 2022 LTIP Nil-Cost Options under the Long Term Incentive Plan 2022 |
| c) | Price(s) and volume(s) | Price: Nil Volume: 41,076 The above number of shares are the net number after deducting for income tax and national insurance contributions. |
| d) | Aggregated information Aggregated volume and Price | N/A - single transaction |
| e) | Date of the transaction | 12 February 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of PDMR / person closely associated with them ('PCA') | |
| a) | Full Name | Ryan Mahoney |
| 2 | Reason for the notification | |
| a) | Position / status | Chief Financial Officer |
| b) | Initial notification / amendment | Initial Notification |
| a) | Name | Michelmersh Brick Holdings plc |
| b) | LEI | 213800CIFQFPAHIQE695 |
| a) | Description of the financial instrument Identification code | Ordinary shares of 20 pence each in the capital of the Company ISIN: GB00B013H060 |
| b) | Nature of the transaction | Exercise of 2022 LTIP Nil-Cost Options under the Long Term Incentive Plan 2022 |
| c) | Price(s) and volume(s) | Price: Nil Volume: 32,040 The above number of shares are the net number after deducting for income tax and national insurance contributions. |
| d) | Aggregated information Aggregated volume and Price | N/A - single transaction |
| e) | Date of the transaction | 12 February 2025 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.