REG - Ibstock PLC - Director/PDMR Shareholding

IbstockAnnouncement

04/04/2024 16:30

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RNS Number : 3844J  Ibstock PLC  04 April 2024

LEI: 2138003QHTNX34CN9V93

 

Ibstock Plc (the "Company")

 

Grant of Awards under Ibstock Long Term Incentive Plan 2023

 

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

 

On 3 April 2024 the Company granted awards ("LTIP Awards") over Ibstock Plc
ordinary shares of 1 penny each ("Ordinary Shares") in accordance with the
rules of the Ibstock Long Term Incentive Plan 2023 ("LTIP").

 

 Name                 Status                   Number of Ordinary Shares under LTIP Award  Option Price
 Joseph Hudson        Chief Executive Officer   550,831                                    £Nil
 Christopher McLeish  Chief Financial Officer   370,606                                    £Nil

 

No consideration was paid for the grant of the LTIP Awards which are
structured as nil cost options. The number of Ordinary Shares granted under
each LTIP Award has been calculated in accordance with the rules of the LTIP
using an Ordinary Share price of 146.0 pence per share (the closing middle
market quotation on the 2 April 2024).

 

The normal vesting date of the LTIP Awards will be 3 April 2027, being the
third anniversary of the award date.

 

Once vested, the LTIP Award will normally be exercisable until the day before
the tenth anniversary of the award date. A two-year (net of sales for tax)
post vesting holding period will apply to these awards.

 

The LTIP Awards will normally vest after 3 years based on the satisfaction of
the associated performance conditions. These are Adjusted Earnings per Share
(EPS) (30%), relative Total Shareholder Return (TSR) (20%), ROCE (30%) and ESG
(20%), each assessed over a three-year performance period commencing on 1
January 2024. Full details of the performance conditions and related targets
are set out in the 2023 Annual Report and Accounts.

 

 

 

 

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 Long Term Incentive Plan 2023

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                   (a)               Nil               550,831

 d)   Aggregated information

      - Aggregated volume                                          550,831

      - Price                                                      Nil

 e)   Date of the transaction                                      3 April 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 Long Term Incentive Plan 2023

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                   (a)               Nil               370,606

 d)   Aggregated information

      - Aggregated volume                                          370,606

      - Price                                                      Nil

 e)   Date of the transaction                                      3 April 2024
 f)   Place of the transaction                                     Outside a trading venue

 

 

Enquiries:

 

 Ibstock Plc   01530 261 999
 Becky Parker

 

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