Brickability Group PLC Block Admission (7522T)
17 Noviembre 2023 - 1:00AM
UK Regulatory
TIDMBRCK
RNS Number : 7522T
Brickability Group PLC
17 November 2023
Brickability Group PLC
17 November 2023
Brickability Group plc
("Brickability" or "the Group")
Block Admission
Brickability Group plc (AIM: BRCK), the leading construction
materials distributor, announces that it has today made application
for the block admission (the "Block Admission") of up to a total of
4,136,492 new ordinary shares of 1 pence each in the Company
("Ordinary Shares") to be admitted to trading on AIM ("Admission").
It is expected that Admission will occur at 8.00 a.m. on 22
November 2023.
Following Admission, the Company will continue to have
300,296,567 Ordinary Shares in issue, which remains unchanged from
previous notifications.
The Block Admission is being put in place in connection with the
vesting, on 22 November 2023, of options to subscribe for new
Ordinary Shares under the Group's Long Term Incentive Plan (the
"LTIP Options"), details of which were set out in the Company's AIM
admission document, and the Block Admission has been made to enable
the Group to efficiently handle future issues of new Ordinary
Shares (which will when issued rank pari passu with the existing
Ordinary Shares) from time to time pursuant to the exercise of LTIP
Options.
Following Admission, the Company will have block admissions in
place in respect of up to a total of 5,355,144 new ordinary shares,
comprising 4,136,492 new ordinary shares pursuant to the Group's
Long Term Incentive Plan and 1,218,652 new ordinary shares pursuant
to the Group's Company Share Option Scheme.
For further information please contact:
Brickability Group plc via Montfort Communications
John Richards, Chairman
Alan Simpson, CEO
Mike Gant, CFO
Cavendish Capital Markets Limited
(Nominated adviser and broker)
Ben Jeynes, George Lawson (Corporate
Finance)
Julian Morse, Michael Johnson (Sales) +44 (0) 207 220 0500
Montfort Communications
James Olley
Ella Henderson +44 (0) 203 514 0897
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
over 70 locations across the country and has more than 700
employees.
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END
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November 17, 2023 02:00 ET (07:00 GMT)
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