MICHELMERSH BRICK HOLDINGS PLC

Remuneration Information • Feb 13, 2025

National Storage Mechanism | Additional information

RNS Number : 9279W

Michelmersh Brick Holdings PLC

13 February 2025

13 February 2025

Michelmersh Brick Holdings Plc

("MBH", the "Company" or the "Group")

Exercise of LTIP Options

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
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 the 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 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
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 the 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 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

For further information, please contact:

Michelmersh Brick Holdings Plc Peter Sharp, Chief Executive Officer Ryan Mahoney, Chief Financial Officer	Tel: +44 (0)1825 430 412
Canaccord Genuity Limited (NOMAD and Broker) Max Hartley Bobbie Hilliam Harry Pardoe	Tel: +44 (0)20 7523 8000
Yellow Jersey PR Charles Goodwin Annabelle Wills	Tel: +44 (0)7747 788 221 Tel: +44 (0) 7775 194 357

About Michelmersh Brick Holdings PLC:

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren.be and Hathern Terra Cotta. These divisions operate within a fully integrated business, combining the production of premium, precision-made bricks, pavers, special shaped bricks, bespoke Terra Cotta products and prefabricated brick components. 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 brick 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

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