Exercise of LTIP Options / PDMR & PCA Notification
CEO Ryan Mahoney exercised LTIP options and transferred half the resulting shares to his spouse.
- LTIP options exercised by CEO 894,638
- Ordinary shares received 474,158
- Shares transferred to spouse 496,198
- Exercise price 84.0p
- CEO enlarged interest 0.55% of issued share capital
Select text to share a quote on X · sign in to keep highlights & notes in your MBH notes
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 a PDMR in the Company, 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 |
|---|---|---|---|---|---|
| Ryan Mahoney | CEO | 894,638 | 474,158 | 506,198 | 0.55% |
* 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 2019 or 2023 grants and a total of 215,256 ordinary shares are held by the EBT, representing approximately 0.23% per cent of the Company's total voting rights.
| 1 | Details of PDMR / person closely associated with them ("PCA") | |
| a) | Full Name | Ryan Mahoney |
| 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 2019 and 2023 LTIP Nil-Cost Options under the Long Term Incentive Plan 2022 |
| c) | Price(s) and volume(s) | Price: 84.0p Volume: 474,158 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 | 4 February 2026 |
| f) | Place of the transaction | Outside a trading venue |
The Company further announces that it has been notified that Ryan Mahoney transferred Ordinary Shares to his spouse, Victoria Mahoney, a person closely associated with him, in the Company as follows:
| 1 | Details of PDMR / person closely associated with them ("PCA") | |
| a) | Full Name | Ryan Mahoney |
| 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 | Transfer of 496,198 shares to Victoria Mahoney (spouse) for nil consideration |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 496,198 |
| d) | Aggregated information Aggregated volume and Price | N/A - single transaction |
| e) | Date of the transaction | 4 February 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of PDMR / person closely associated with them ("PCA") | |
| a) | Full Name | Victoria Mahoney |
| 2 | Reason for the notification | |
| a) | Position / status | PCA of PDMR (Ryan Mahoney, 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 | Acquisition of 496,198 shares from Ryan Mahoney (spouse) for nil consideration |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 496,198 |
| d) | Aggregated information Aggregated volume and Price | N/A - single transaction |
| e) | Date of the transaction | 4 February 2026 |
| 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.