Brickability Group
PLC
LEI: 213800SK28MWXB3K3P26
27 September 2024
Brickability Group
PLC
(the
"Company" or the "Group")
Grant of
Options
Brickability Group PLC,
the leading construction materials
distributor, announces that on 25 September 2024 it awarded
a total of 4,588,501 options to subscribe for new ordinary shares
in the Company under the Brickability Group PLC Long Term Incentive
Plan ("LTIP"). Of these, 3,310,385 are conditional
performance related options and include the following options
granted to Directors and Senior Management ("Management
Options").
|
Individual
|
Role
|
Number of LTIP Options
|
|
Frank Hanna
|
Chief Executive Officer
|
865,385
|
|
Mike Gant
|
Chief Financial Officer
|
520,000
|
|
Paul Hamilton
|
MD, Distribution
|
678,976
|
|
Richard Cosgrove
|
MD, Bricks & Building
Materials
|
215,385
|
|
Kenny Hirst-Sewell
|
MD, Taylor Maxwell &
Co
|
284,615
|
|
Alex Moffat
|
MD, Taylor Maxwell Timber
|
208,025
|
The Management Options are
exercisable on the same terms as previous options granted under the
Company's LTIP, each exercisable at the nominal price of 1
penny and have vesting conditions tied to adjusted EBITDA and
total shareholder return, with each award split equally between the
two performance conditions. Vesting will occur on a straight-line
basis on achieving 18% (equivalent to 6% annually) to 30%
(equivalent to 10% annually) of the relevant performance condition
over the performance period. There is no vesting if the relevant
target is not met but a 25% vesting if the initial 18% hurdle is
met with a proportionate additional vesting up to 100% if the 30%
threshold is met. To the extent vested, the options will be subject
to a two-year holding period following the expiry of the
performance period. The performance period will be 1 April
2024 to 31 March 2027.
The balance of the options awarded
(being 1,278,116) are restricted share options which are being
issued to a number of Group employees outside of the senior
management team. These are not subject to performance conditions or
the additional holding period but, as with all options awarded
under the plan, require that grantees remain in the Group's
employment for the duration of the vesting period being the period
from 1 April 2024 to 31 March 2027.
|
Enquiries:
Brickability Group PLC
|
via Montfort
Communications
|
|
John Richards, Chairman
Frank Hanna, Chief Executive
Officer
|
|
|
Mike Gant, Chief Financial
Officer
|
|
|
Peel Hunt LLP (Nominated Adviser and
Broker)
Ed Allsopp
Tom Graham
Montfort Communications
James Olley
Alex Everett
|
+44 (0) 20 7418
8900
+44 (0) 203 514 0897
brickability@montfort.london
|
About Brickability
Brickability Group PLC is a leading
distributor and provider of specialist products and services to the
UK construction industry. The business comprises four divisions:
Bricks and Building Materials, Importing, Distribution and
Contracting. With an agile, de-centralised, capital-light business
model, supported by a strong balance sheet, Brickability leverages
the skills of its people company-wide to effectively service the
complex and evolving needs of the construction industry.
Founded in 1985, the Group has grown
organically through product diversification and geographic
expansion, as well as through the acquisition of specialist
businesses that support its long-term strategy for growth. Today,
the Group encompasses a diverse portfolio of market-leading brands
and a dedicated team of over 800 skilled professionals, led by a
management team with deep-rooted knowledge and experience in the UK
and European construction industries.
The Group is committed to building
better communities throughout the supply chain and supporting the
delivery of sustainable developments that enhance the built
environment for future generations, while delivering continuous
value for shareholders.
The
Company makes the following disclosures in accordance with article
19(3) of the Market Abuse Regulation:
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Frank Hanna
|
|
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 participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Brickability Group PLC
|
|
b)
|
LEI
|
213800SK28MWXB3K3P26
|
|
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, type of instrument
Identification code
|
Options for Ordinary Shares
exercisable at £0.01
GB00BK63S759
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
865,385
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
25 September 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
platform
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Mike Gant
|
|
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 participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Brickability Group PLC
|
|
b)
|
LEI
|
213800SK28MWXB3K3P26
|
|
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, type of instrument
Identification code
|
Options for Ordinary Shares
exercisable at £0.01
GB00BK63S759
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
520,000
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
25 September 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
platform
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Paul Hamilton
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
MD, Distribution
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Brickability Group PLC
|
|
b)
|
LEI
|
213800SK28MWXB3K3P26
|
|
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, type of instrument
Identification code
|
Options for Ordinary Shares
exercisable at £0.01
GB00BK63S759
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
678,976
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
25 September 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
platform
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Richard Cosgrove
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
MD, Bricks & Building
Materials
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Brickability Group PLC
|
|
b)
|
LEI
|
213800SK28MWXB3K3P26
|
|
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, type of instrument
Identification code
|
Options for Ordinary Shares
exercisable at £0.01
GB00BK63S759
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
215,385
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
25 September 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
platform
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Kenny Hirst-Sewell
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
MD, Taylor Maxwell &
Co
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Brickability Group PLC
|
|
b)
|
LEI
|
213800SK28MWXB3K3P26
|
|
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, type of instrument
Identification code
|
Options for Ordinary Shares
exercisable at £0.01
GB00BK63S759
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
284,615
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
25 September 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
platform
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Alex Moffat
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
MD, Taylor Maxwell Timber
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Brickability Group PLC
|
|
b)
|
LEI
|
213800SK28MWXB3K3P26
|
|
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, type of instrument
Identification code
|
Options for Ordinary Shares
exercisable at £0.01
GB00BK63S759
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
208,025
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
25 September 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
platform
|