Michelmersh Brick Holdings PLC Grant of options (9116N)
May 21 2015 - 5:50AM
UK Regulatory
TIDMMBH
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 Exercise Total number
Options price of Options
granted held following
grant
Commercial
Frank Hanna Director 350,000 nil 391,000
Stephen Finance
Morgan Director 300,000 nil 341,000
Group Operations
Peter Sharp 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 07799 003 220
Dominic Barretto 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
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