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Brickability Executive Exercises Options and Increases Stake Without New Share Issue

Story Highlights
  • Brickability executive Kenny Hirst-Sewell exercised 55,506 share options, sourced from an employee trust, avoiding any new share issuance or shareholder dilution.
  • To cover tax costs he sold 26,729 shares, must hold the rest for two years, and now owns 337,383 shares, about 0.10% of the company.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Brickability Executive Exercises Options and Increases Stake Without New Share Issue

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Brickability Group PLC ( (GB:BRCK) ) has provided an announcement.

Brickability Group PLC has disclosed a management share dealing involving Kenny Hirst-Sewell, Managing Director of its Taylor Maxwell Group division, who exercised 55,506 options over ordinary shares granted under the company’s long-term incentive plan, with the shares supplied from the Brickability Employee Benefit Trust so that no new equity was issued. To meet tax and cost obligations arising from the exercise, Hirst-Sewell sold 26,729 shares at 54 pence each on the London Stock Exchange’s AIM market and is required under company policy to retain the remaining shares for at least two years, leaving him with a beneficial holding of 337,383 ordinary shares, or about 0.10% of Brickability’s issued share capital, underscoring management’s equity alignment with shareholders without diluting existing investors.

The most recent analyst rating on (GB:BRCK) stock is a Hold with a £59.00 price target. To see the full list of analyst forecasts on Brickability Group PLC stock, see the GB:BRCK Stock Forecast page.

Spark’s Take on GB:BRCK Stock

According to Spark, TipRanks’ AI Analyst, GB:BRCK is a Neutral.

Brickability Group PLC’s overall stock score reflects a mix of solid financial performance and strategic corporate actions. The company’s stable revenue growth and attractive dividend yield are significant strengths. However, challenges in profitability and cash flow management, along with bearish technical indicators, weigh on the score. Positive corporate events and strategic initiatives provide a boost, indicating potential for future growth.

To see Spark’s full report on GB:BRCK stock, click here.

More about Brickability Group PLC

Brickability Group PLC is a leading UK distributor and provider of specialist products and services to the construction industry, operating through four divisions: Bricks and Building Materials, Importing, Distribution and Contracting. Founded in 1985, the Group has expanded organically and through acquisitions, building a portfolio of market‑leading brands and employing over 800 staff across the UK and Europe, with a capital‑light, decentralised business model focused on servicing complex and evolving construction sector needs and supporting sustainable developments.

Average Trading Volume: 727,106

Technical Sentiment Signal: Sell

Current Market Cap: £168.8M

Find detailed analytics on BRCK stock on TipRanks’ Stock Analysis page.

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