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RNS Number : 1299I Ibstock PLC 25 March 2024
LEI: 2138003QHTNX34CN9V93
Ibstock Plc (the "Company")
Grant of Awards under Ibstock Plc Annual and Deferred Bonus Plan
Notification of Transactions by Persons Discharging Managerial Responsibility
("PDMRs")
On 22 March 2024 the Company granted awards ("ADBP Awards") over Ibstock Plc
ordinary shares of 1 penny each ("Ordinary Shares") in accordance with the
rules of the Ibstock Plc Annual and Deferred Bonus Plan ("ADBP").
Name Status Number of Ordinary Shares under ADBP Award Option Price
Joseph Hudson Chief Executive Officer 40,780 £Nil
Christopher McLeish Chief Financial Officer 27,437 £Nil
These ADBP Awards implement the deferred part of the Executive Directors' 2023
bonus entitlements under the rules of the ADBP.
No consideration was paid for the grant of the ADBP Awards which are
structured as nil cost options. The number of Ordinary Shares granted under
each ADBP Award has been calculated in accordance with the rules of the ADBP
using an Ordinary Share price of 156.36 pence per share (the 30 day average
middle market quotation up to the 21 March 2024).
The ADBP Awards will normally vest on 22 March 2027, subject to the
participant being an employee of the Group at that time. Once vested, the ADBP
Award will normally be exercisable until the day before the tenth anniversary
of the award date.
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 Grant of awards under the Ibstock Plc Annual and Deferred Bonus Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
(a) Nil 40,780
d) Aggregated information
- Aggregated volume 40,780
- Price Nil
e) Date of the transaction 22 March 2024
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Christopher 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 Grant of awards under the Ibstock Plc Annual and Deferred Bonus Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
(a) Nil 27,437
d) Aggregated information
- Aggregated volume 27,437
- Price Nil
e) Date of the transaction 22 March 2024
f) Place of the transaction Outside a trading venue
Enquiries:
Ibstock Plc 01530 261 999
Becky Parker
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