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LONDON - Michelmersh Brick Holdings PLC (AIM: MBH), a specialist brick manufacturer, disclosed the exercise of Long Term Incentive Plan (LTIP) options by two key executives. The transactions, conducted on February 12, 2025, involved the company’s CEO, Peter Sharp (OTC:SHCAY), and CFO, Ryan Mahoney.
CEO Peter Sharp exercised 76,871 LTIP options, resulting in the receipt of 41,076 ordinary shares after adjustments for taxes and national insurance contributions. This transaction increases his total holdings to 145,233 ordinary shares, representing a 0.16% stake in the company. CFO Ryan Mahoney also participated, exercising 59,960 options to receive 32,040 shares, marking his first equity holding in the company at 0.03%.
Following these exercises, no further LTIP options remain outstanding from the 2022 grant. The Employee Benefit Trust (EBT) now holds 962,776 ordinary shares, approximately 1.00% of Michelmersh’s total voting rights.
The press release statement indicates that these transactions were completed outside a trading venue and that the options were exercised on a cash-less basis, with the shares issued directly from the company’s EBT. This information is based on a press release statement from Michelmersh Brick Holdings PLC.
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