Block Admission

RNS Number : 8223T

Brickability Group PLC

27 July 2022

 

Brickability Group PLC  

LEI:  213800SK28MWXB3K3P26  

27 July 2022

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 2,980,417 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 2 August 2022.

Following Admission, the Company will continue to have 298,534,802 Ordinary Shares in issue, which remains unchanged from previous notifications.

Ahead of the vesting on 1 August 2022 of 2,980,417 options to subscribe for new Ordinary Shares at a price of 41 pence per new Ordinary Share under the Group's Company Share Option Plan (the "CSOP Options"), details of which were set out in the Company's AIM admission document, 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 CSOP Options.

For further information please contact:

Brickability Group plc John Richards, Chairman Alan Simpson, CEO Mike Gant, CFO	via Montfort Communications
Cenkos Securities plc (Nominated adviser and broker) Ben Jeynes, Max Gould (Corporate Finance) Julian Morse, Alex Pollen (Sales)	[phone]
Montfort Communications James Olley Georgia Colkin	[phone]

About Brickability

Brickability is a leading construction materials distributor, serving customers across the UK and Europe for over 36 years through its national and local networks. The Group supplies over 550m bricks annually and has over 55 locations across the country with over 600 employees.

 

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