Last checked at 18 Jun 2019 07:00
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
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Canaccord Genuity Limited (NOMAD and Broker) Bobbie Hilliam Georgina McCooke | 020 7523 8150
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Yellow Jersey PR Charles Goodwin Harriet Jackson Annabel Atkins |
07747 788 221 07544 275 882
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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