Last checked at 30 Apr 2018 10:30
30 April 2018
Michelmersh Brick Holdings plc(the "Company")
Exercise of Options
The Company notifies that, following an exercise of share options pursuant to the Company Share Option Plan, application has been made for 966 ordinary shares of 20 pence each in the capital of the Company ("New Ordinary Shares") to be admitted to trading on AIM. The New Ordinary Shares will rank pari-passu with existing ordinary shares and it is expected that admission will occur on or around 8.00 a.m. on 2 May 2018.
Following admission of the New Ordinary Shares, the Company's issued ordinary share capital will comprise 86,213,630 ordinary shares, of which none are held in treasury. Therefore, the total number of ordinary shares with voting rights in the Company following Admission will be 86,213,630, 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.
For further information, please contact:
Michelmersh Brick Holdings Plc Frank Hanna, Joint CEO Stephen Morgan, Finance Director | 01825 430 413 |
Cenkos Securities plc Max Hartley (NOMAD) Harry Hargreaves | 020 7397 8900 |
Yellow Jersey PRCharles Goodwin Katie Bairsto | 07747 788 221 07946 424 651 |
About Michelmersh Brick Holdings PLC:
Michelmersh Brick Holdings PLC is a business with six market leading brands: Blockleys, Carlton, 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 over 100 million clay bricks, tiles 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.