REG - Ibstock PLC - Director/PDMR Shareholding

IbstockAnnouncement

15/08/2023 15:30

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RNS Number : 4060J  Ibstock PLC  15 August 2023

LEI: 2138003QHTNX34CN9V93

 

Ibstock Plc (the "Company")

 

Exercise of Awards under the Ibstock Plc Long Term Incentive Plan

 

Notification of Transactions by Persons Discharging Managerial Responsibility
("PDMRs")

 

Following the vesting of share options granted to Chris McLeish (Chief
Financial Officer) under the Ibstock Plc Long Term Incentive Plan ("LTIP"),
the Company was notified that on 15 August 2023 the following exercise and
sale transactions took place.

 

Chris McLeish exercised options over Ibstock Plc ordinary shares of 1 penny
each ("Ordinary Shares") granted under the 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
 Chris McLeish  2019 Buy Out  12/8/19     64,790                  15/08/23   30,528                 154.2p  34,262
 Chris McLeish  2019 Buy Out  12/8/19     41,794                  15/08/23   19,693                 154.2p  22,101
 Chris McLeish  2020 LTIP     14/4/20     85,196                  15/08/23   40,143                 154.2p  45,053

 

A two-year holding period will apply to the LTIP award following vesting.

 

Following these transactions, Chris McLeish's total shareholding in the
Company is 155,261.

 

 

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 Long Term Incentive 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                   101,416
                                                                   (2)                   £1.542                90,364

 d)   Aggregated information

      - Aggregated volume                                          191,780
      - Price                                                      £0.727
 e)   Date of the transaction                                      15/8/23
 f)   Place of the transaction                                     London Stock Exchange, Main Market (XLON)

 

Enquiries:

 

 Ibstock Plc   01530 261 999
 Becky Parker

 

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