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Michelmersh Brick (MBH)


Friday 10 September, 2021

Michelmersh Brick

Grant of Options

RNS Number : 3313L
Michelmersh Brick Holdings PLC
10 September 2021

10 September 2021



Michelmersh Brick Holdings Plc


(the "Company")


Grant of Options


Michelmersh Brick Holdings PLC (AIM: MBH), the specialist brick manufacturer, today announces that the Remuneration Committee has granted a total of 1,116,712 options (the "LTIP Options") over ordinary shares of 20 pence each in the Company, exercisable at nil-cost, to Ryan Mahoney, Chief Financial Officer of the Company, under the Company's 2017 Long-Term Incentive Plan ("LTIP"). The awards comprise:

(a)  An award of nil-cost options over 200,000 shares to compensate Mr Mahoney for certain incentive arrangements which he forfeited on leaving his previous employer. This award is due to vest and become exercisable from 1 December 2021; and 

(b)  An award of nil-cost options over 916,712 shares to incentivise future performance. This award will vest in 2026 subject to achieving annual and cumulative EPS targets between 2021-25 (in line with LTIP awards previously made to the joint CEOs).

For further information, please contact:


Michelmersh Brick Holdings plc  

Frank Hanna, Joint CEO   Tel: +44 (0)1825 430412

Ryan Mahoney, CFO


Canaccord Genuity Limited (NOMAD and Broker)                Tel: +44 (0)20 7523 8000

Bobbie Hilliam

Georgina McCooke


Yellow Jersey PR  

Charles Goodwin   Tel: +44 (0)7747 788 221

Annabel Atkins  Tel: +44 (0)7983 557 851



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 120 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: and



Details of PDMR / person closely associated with them ('PCA')



Full Name

Ryan Mahoney



Reason for the notification



Position / status



Initial notification / amendment

Initial Notification


Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor



Michelmersh Brick Holdings plc





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



Description of the financial instrument


Identification code

Ordinary shares of 20 pence each in the capital of the Company


ISIN: GB00B013H060


Nature of the transaction

Grant of Nil-Cost Options under the Long-Term Incentive Plan 2017



Price(s) and volume(s)


Price: Nil



Volume:  1,116,712



Aggregated information

Aggregated volume and Price

N/A - single transaction


Date of the transaction


9 September 2021


Place of the transaction

Outside a trading venue




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