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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