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Michelmersh Brick - Application for Listing

RNS Number : 5286C
Michelmersh Brick Holdings PLC
18 June 2019
 

18 June 2019

Michelmersh Brick Holdings PLC

("Michelmersh" or the "Company")

Application for Listing: Scrip Dividend

Michelmersh Brick Holdings PLC (AIM: MBH.L), the specialist brick manufacturer, today announces that in connection with the scrip dividend alternative proposed for the final dividend of 2.14 pence per ordinary share of 20 pence each ("Ordinary Share") the Company has received valid elections from shareholders resulting in a requirement to issue 415,641 new Ordinary Shares ("New Shares").

The Company has therefore made application for the New Shares to be issued in connection with the scrip dividend to be admitted to trading on AIM ("Admission"). The New Shares will rank pari passu in all respects with existing Ordinary Shares, and it is expected that Admission will become effective at 8.00 a.m. on or around 28 June 2019.

Following Admission, the Company's issued ordinary share capital will comprise 92,481,288 Ordinary Shares, of which none are held in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 92,481,288 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Michelmersh Brick Holdings Plc

Frank Hanna, Joint CEO

Stephen Morgan, Finance Director

07384 259407

 

Canaccord Genuity Limited (NOMAD and Broker)

Bobbie Hilliam

Georgina McCooke

020 7523 8150

 

Yellow Jersey PR

Charles Goodwin

Harriet Jackson

Annabel Atkins

 

07747 788 221

07544 275 882

 

 

About Michelmersh Brick Holdings PLC:

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. These divisions operate within a fully integrated business combining the manufacture of clay bricks 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 over 100 million clay bricks and pavers per annum. Michelmersh currently owns most of the UK's premium manufacturing 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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Michelmersh Brick Holdings Plc

Price: 89

Market: AIM
Market Cap: £83.41 m
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