REG - Ibstock PLC - Director/PDMR Shareholding
20/04/2023 14:30
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RNS Number : 9410W Ibstock PLC 20 April 2023
LEI: 2138003QHTNX34CN9V93
Ibstock Plc (the "Company")
Exercise of Awards under the Ibstock Plc Annual and Deferred Bonus Plan and
the Ibstock Plc Long Term Incentive Plan
Notification of Transactions by Persons Discharging Managerial Responsibility
("PDMRs")
Following the vesting of share options granted to Executive Directors under
the Ibstock Plc Annual and Deferred Bonus Plan ("ADBP") and the Ibstock Plc
Long Term Incentive Plan ("LTIP"), the Company was notified that on 18 April
2023 the following exercise and sale transactions took place.
Joe Hudson (Chief Executive Officer) and Chris McLeish (Chief Financial
Officer) exercised options over Ibstock Plc ordinary shares of 1 penny each
("Ordinary Shares") granted under the ADBP and LTIP as laid out in the table
below selling sufficient shares to cover the appropriate tax and national
insurance liabilities with the balance being retained.
Name Scheme Plan Grant Date No of Shares exercised Sale Date Number of Shares sold Price Number of shares retained
Joe Hudson 2018 LTIP 02/01/18 21,570 18/04/23 10,164 £1.717 11,406
Joe Hudson 2019 ADBP 03/05/19 32,576 18/04/23 15,350 £1.717 17,226
Joe Hudson 2020 ADBP 14/04/20 23,107 18/04/23 10,888 £1.717 12,219
Chris McLeish 2020 ADBP 14/04/20 6,244 18/04/23 2,950 £1.717 3,294
A two-year holding period will apply to the LTIP awards following vesting.
Following these transactions, Joe Hudson's total shareholding in the Company
is 61,409 and Chris McLeish's total shareholding in the Company is 53,845.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Joseph Hudson
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ibstock Plc
b) LEI 2138003QHTNX34CN9V93
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 Ordinary shares of 1p each
Identification code GB00BYXJC278
b) Nature of the transaction 1. Shares transferred to the PDMR from the exercise of vested awards under
the:
(a) Ibstock Plc Long Term Incentive Plan;
(b) Ibstock Plc Annual and Deferred Bonus Plan; and
(c) Ibstock Plc Annual and Deferred Bonus Plan;
2. Sale of shares to cover income tax and NI liability due on the exercise of
these awards.
c) Price(s) and volume(s)
Price(s) Volume(s)
(1a) Nil 11,406
(1b) Nil 17,226
(1c) Nil 12,219
(2) £1.717 36,402
d) Aggregated information
- Aggregated volume 77,253
- Price £0.809
e) Date of the transaction 18 April 2023
f) Place of the transaction London Stock Exchange, Main Market (XLON)
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Chris McLeish
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ibstock Plc
b) LEI 2138003QHTNX34CN9V93
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 Ordinary shares of 1p each
Identification code GB00BYXJC278
b) Nature of the transaction 1. Shares transferred to the PDMR from the exercise of vested awards under the
Ibstock Plc Annual and Deferred Bonus Plan; and
2. Sale of shares to cover income tax and NI liability due on the exercise of
these awards.
c) Price(s) and volume(s)
Price(s) Volume(s)
(1) Nil 3,294
(2) £1.717 2,950
d) Aggregated information
- Aggregated volume 6,244
- Price £0.811
e) Date of the transaction 18 April 2023
f) Place of the transaction London Stock Exchange, Main Market (XLON)
Enquiries:
Ibstock Plc 01530 261 999
Becky Parker
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