logo-loader
RNS
viewMichelmersh Brick Holdings Plc

Michelmersh Brick - Grant of options

RNS Number : 9116N
Michelmersh Brick Holdings PLC
21 May 2015
 

21 May 2015

Michelmersh Brick Holdings PLC

("MBH" or the "Group")

 

Grant of Options

 

The Company announces that on 20 May 2015, the following options were granted over ordinary shares in the Company of 20 pence nominal value ("Options") to Executive Directors under the Michelmersh Brick Holdings Plc Non-qualifying Share Option Plan ("LTIP").

Director

Position

Number of Options granted

Exercise price

Total number of Options held following grant

Frank Hanna

Commercial Director

350,000

nil

391,000

Stephen Morgan

Finance Director

300,000

nil

341,000

Peter Sharp

Group Operations Director

350,000

nil

454,157*

 *Following the subsequent grant of Options, above, Mr Sharp now owns 454,157 options, with 63,157 of these Options held under the Company Share Save Scheme.

The new Options were granted to the three Executive Directors under an unapproved Long Term Incentive Plan, and accumulate in each of the financial years 2015 to 2019 provided that performance targets are met. The options may be exercised after release of the 2019 Annual Report, expected in March 2020.

 

Enquiries:

 

Michelmersh Brick Holdings

Martin Warner, CEO

Stephen Morgan, Finance Director

 

01825 430 413


Cenkos Securities plc

Bobbie Hilliam (NOMAD)

Harry Pardoe

Oliver Baxendale (Sales)

 

020 7397 8900


Yellow Jersey PR

Kelsey Traynor

Dominic Barretto

 

 

07799 003 220

07768 537 739

 




About Michelmersh Brick Holdings PLC:

 

Michelmersh Brick Holdings PLC is a business with five leading market brands: Blockleys, Charnwood, Freshfield Lane, Michelmersh and Hathern Terra Cotta. These divisions operate within a fully integrated business combining the manufacture of clay bricks, tiles and pavers. 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 approximately 70 million clay bricks, tiles and pavers per annum. MBH PLC currently owns most of the UK's premium manufacturing brands and is a leading specification brick and clay paving manufacturer.

 

Recently Michelmersh's products have been successfully used in prestigious projects such as the Nottingham Railway Station refurbishment, Manchester's Salford Quays regeneration project and the Lend Lease, Elephant and Castle redevelopment in London. We are also suppliers to high value housing developers such as Berkeley and St James Homes, delivering to key city regeneration projects such as Battersea Reach.

 

Please visit the Group's website at: www.mbhplc.co.uk 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSEAFSFFISELI

Quick facts: Michelmersh Brick Holdings Plc

Price: 103.5

Market: AIM
Market Cap: £97 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE