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LONDON - Brickability Group plc (AIM:BRCK), a prominent distributor in the UK construction sector, has confirmed the issuance of 61,612 new ordinary shares following the exercise of options under its Long Term Incentive Plan. The shares, priced at £0.01 each, are set to be on par with the current ordinary shares and are expected to begin trading on the AIM Market of the London Stock Exchange (LON:LSEG) on June 4, 2025.
The company, which specializes in the distribution and provision of construction-related products and services, announced that the admission of the new shares is conditional. Once admitted, the total number of ordinary shares in issue for Brickability will rise to 322,137,172. This total share count will serve as the basis for shareholders to calculate their percentage holdings and determine whether they need to disclose changes in their stake as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The move to issue new shares comes as a result of share options being exercised, a common practice for companies to incentivize and retain key staff members. The new shares will rank equally with the existing ones, meaning they carry the same rights including voting and dividend entitlements.
The information for this article is based on a press release statement from Brickability Group plc.
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