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Grant of Options - Director/PDMR Shareholding
RNS
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RNS Number : 6193F
Brickability Group PLC
17 November 2020
Brickability Group plc
(the "Company" or the "Group")
Grant of Options
Brickability Group plc, the leading construction materials distributor, announces that, on 16 November 2020, it awarded 5,621,074 options under the Brickability Group plc Long Term Incentive Plan ("LTIP") 2019 to a broad number of Group employees. This is the first grant of options under the LTIP since the Company's admission to AIM in August 2019.
The options are exercisable at the nominal price of £0.01 and have vesting conditions tied to adjusted EBITDA and total shareholder return, with each award split equally between the two performance conditions. Vesting will occur on a straight-line basis on achieving 18% (equivalent to 6% annually) to 30% (equivalent to 10% annually) of the relevant performance condition over the performance period. There is no vesting if the relevant target is not met but a 50% vesting if the initial 18% hurdle is met with a proportionate additional vesting up to 100% at the 30% threshold being met.
The performance period is three years ending 1 October 2023.
Additional details on vesting conditions and the LTIPs are set out in the Company's Admission Document available on the Company's website.
Details of Group directors and PDMRs who have received options are set out in the schedule below.
|
Name
|
Director/PDMR
|
Options awarded
|
|
Stuart Overend
|
Director
|
747,283
|
|
Simon Pearson
|
PDMR
|
373,641
|
|
Arnold Van Huet
|
PDMR
|
373,642
|
|
Andrew Wilson
|
PDMR
|
326,087
|
|
Enquiries:
Brickability Group PLC
|
|
|
John Richards, Chairman
Alan Simpson, Chief Executive officer
|
|
|
c/o Montfort Communications
|
|
|
Cenkos Securities (Nomad and Broker)
Max Hartley, Max Gould (Corporate Finance)
|
0207 397 8900
|
|
Julian Morse, Alex Pollen (Sales)
|
|
|
Montfort Communications (Financial PR)
|
0203 770 7916
|
|
James Olley
Woolf Thomson Jones
|
|
The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Stuart Overend
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
CFO
|
|
b)
|
Initial notification /Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Brickability Group plc
|
|
b)
|
LEI
|
213800SK28MWXB3K3P26
|
|
4
|
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
|
|
a)
|
Description of the financial instrument, type of instrument
Identification code
|
Options for ordinary shares exercisable at £0.01
GB00BK63S759
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
747,283
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
16 November 2020
|
|
f)
|
Place of the transaction
|
n/a
|
|
|
|
|
|
|
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Andrew John Wilson
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR
|
|
b)
|
Initial notification /Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Brickability Group plc
|
|
b)
|
LEI
|
213800SK28MWXB3K3P26
|
|
4
|
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
|
|
a)
|
Description of the financial instrument, type of instrument
Identification code
|
Options for ordinary shares exercisable at £0.01
GB00BK63S759
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
326,087
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
16 November 2020
|
|
f)
|
Place of the transaction
|
n/a
|
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Simon Pearson
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR
|
|
b)
|
Initial notification /Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Brickability Group plc
|
|
b)
|
LEI
|
213800SK28MWXB3K3P26
|
|
4
|
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
|
|
a)
|
Description of the financial instrument, type of instrument
Identification code
|
Options for ordinary shares exercisable at £0.01
GB00BK63S759
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
373,641
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
16 November 2020
|
|
f)
|
Place of the transaction
|
n/a
|
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Arnold Van Huet
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR
|
|
b)
|
Initial notification /Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Brickability Group plc
|
|
b)
|
LEI
|
213800SK28MWXB3K3P26
|
|
4
|
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
|
|
a)
|
Description of the financial instrument, type of instrument
Identification code
|
Options for ordinary shares exercisable at £0.01
GB00BK63S759
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
373,642
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
16 November 2020
|
|
f)
|
Place of the transaction
|
n/a
|
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