Brickability Group PLC Grant of Options
25 Enero 2024 - 4:12AM
RNS Regulatory News
RNS Number : 9243A
Brickability Group PLC
25 January 2024
Brickability Group
PLC
LEI: 213800SK28MWXB3K3P26
25 January 2024
Brickability Group
plc
(the
"Company" or the "Group")
Grant of
Options
Brickability Group plc (AIM: BRCK),
the leading construction materials
distributor, announces that on 24 January 2024 it awarded a total of 4,451,604 options to subscribe for new
ordinary shares in the Company under the Brickability Group plc
Long Term Incentive Plan ("LTIP") 2019. Of these, 2,337,903 are
conditional performance related options and include the following
options that were granted to Directors and PDMR's ("Management
Options").
Director/PDMR
|
Number of LTIP
Options
|
|
|
Mike Gant - Director
|
658,970
|
Paul Hamilton - PDMR
|
500,000
|
Andrew Wilson - PDMR
|
152,070
|
Kenny Hirst-Sewell - PDMR
|
360,679
|
|
|
The Management Options are
exercisable on the same terms as previous options granted under the
Company's LTIP, being exercisable at the nominal price of £0.01 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 2023 to 31 March
2026.
The balance of the options awarded
(being 2,113,701) are restricted share options which are being
issued to a broad 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 2023 to 31 March 2026.
Enquiries:
Brickability Group PLC
|
via Montfort
Communications
|
John Richards, Chairman
Alan Simpson, Chief Executive
Officer
|
|
Mike Gant, Chief Financial
Officer
|
|
Cavendish Capital Markets (Nominated
Adviser and Broker)
Ben Jeynes, George Lawson (Corporate
Finance)
Julian Morse, Michael Johnson,
Charlie Combe (Sales & ECM)
Montfort Communications
James Olley
Ella Henderson
|
+44 (0) 207 220
0500
+44 (0) 203 514 0897
brickability@montfort.london
|
About Brickability
Brickability is a leading
construction materials distributor, serving customers across
the UK and Europe for over 37
years through its national and local networks. The Group operates
from more than 70 locations across the country with over 700
employees.
|
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
|
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
|
658,970
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
e)
|
Date of the transaction
|
24 January 2024
|
f)
|
Place of the transaction
|
n/a
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
Paul Hamilton
|
2
|
Reason for the notification
|
a)
|
Position/status
|
PDMR
|
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
|
500,000
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
e)
|
Date of the transaction
|
24 January 2024
|
f)
|
Place of the transaction
|
n/a
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
Andrew Wilson
|
2
|
Reason for the notification
|
a)
|
Position/status
|
PDMR
|
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
|
152,070
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
e)
|
Date of the transaction
|
24 January 2024
|
f)
|
Place of the transaction
|
n/a
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
Kenny Hirst-Sewell
|
2
|
Reason for the notification
|
a)
|
Position/status
|
PDMR
|
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
|
360,679
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
e)
|
Date of the transaction
|
24 January 2024
|
f)
|
Place of the transaction
|
n/a
|
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END
DSHFLFLILIIEFIS
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