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On 6 May 2022, Michelmersh Brick Holdings Plc was notified that its Employee Benefit Trust (EBT), managed by Truchot Trustees Limited, purchased 105,000 ordinary shares of 20p each in the Company at an average price of 114.00 pence per Ordinary Share. This purchase, funded from the Company's existing cash resources, resulted in the EBT holding a total of 946,662 Ordinary Shares, representing approximately 1.0 per cent of the Company's total voting rights.
| Date | 9 May 2022 |
| Time | 07:00:05 |
| Category | Capital structure |
| ID | 7005K |
9 May 2022
Michelmersh Brick Holdings Plc
("MBH", the "Company" or the "Group")
EBT Share Purchase
The Company was notified on 6 May 2022, by Truchot Trustees Limited, the trustee of the Michelmersh Brick Holdings Plc Employee Benefit Trust (the "EBT"), that the EBT had purchased 105,000 ordinary shares of 20p each in the Company ("Ordinary Shares") at an average price of 114.00 pence per Ordinary Share on 6 May 2022. These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company. The purchase of Ordinary Shares by the EBT has been funded from the Company's existing cash resources.
Following this transaction, a total of 946,662 Ordinary Shares are held by the EBT, representing approximately 1.0 per cent of the Company's total voting rights.
For further information, please contact:
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Michelmersh Brick Holdings plc Ryan Mahoney, CFO |
Tel: +44 (0)1825 430412 |
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Tel: +44 (0)20 7523 8000 |
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Berenberg Richard Bootle Detlir Elizi Kate Hanshaw
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Tel: +44 (0) 203 207 7800 |
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Yellow Jersey PR Charles Goodwin Annabel Atkins
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Tel: +44 (0)7747 788 221 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, Floren and Hathern Terra Cotta. 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 brick 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