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An announcement from Michelmersh Brick Holdings ( (GB:MBH) ) is now available.
Michelmersh Brick Holdings PLC announced the exercise of Long Term Incentive Plan (LTIP) options by key managers, including CEO Peter Sharp and CFO Ryan Mahoney, resulting in an increase of their stakes in the company. This move, which sees no further LTIP options outstanding from the 2022 grant and a total of 962,776 ordinary shares held by the Employee Benefit Trust, underscores the company’s commitment to aligning managerial interests with shareholder value and enhancing its market positioning.
More about Michelmersh Brick Holdings
Michelmersh Brick Holdings PLC is a prominent manufacturer in the UK, known for its premium, precision-made bricks, pavers, special shaped bricks, bespoke Terra Cotta products, and prefabricated brick components. With seven market-leading brands, the company operates as a fully integrated business and includes a landfill operator. Established in 1997 and growing through acquisitions and organic growth, Michelmersh produces over 120 million clay bricks and pavers annually, positioning itself as a leader in specification brick and clay paving manufacturing. Michelmersh prioritizes sustainability, employee opportunity, and stakeholder needs, aiming to enhance the UK’s architectural landscape.
YTD Price Performance: 7.54%
Average Trading Volume: 153,935
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £100.2M
Learn more about MBH stock on TipRanks’ Stock Analysis page.
