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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