RNS Number : 1988S
Ibstock PLC
12 June 2024
 

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 Joe Hudson (Chief Executive Officer) and Chris McLeish (Chief Financial Officer) under the Ibstock Plc Long Term Incentive Plan ("LTIP"), the Company was notified that on 10 June 2024 the following exercise and sale transactions took place.

 

Joe Hudson and 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

Joe Hudson

2020 LTIP

14/4/20

126,623

10/6/24

59,662

£1.5602

66,961

Joe Hudson

2021 LTIP

25/3/21

94,293

10/6/24

44,429

£1.5602

49,864

Chris McLeish

2021 LTIP

25/3/21

63,442

10/6/24

29,893

£1.5602

33,549

 

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

 

Following these transactions, Joe Hudson's and Chris McLeish's total shareholding in the Company is 178,234 and 188,810 respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 



 

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

Joe 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

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

116,825



(2)

£1.5602

104,091







d)

 

Aggregated information


- Aggregated volume

220,916

- Price

£0.7352

e)

Date of the transaction

10/6/24

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

 

 

 

 

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

33,549



(2)

£1.5602

29,893







d)

 

Aggregated information


- Aggregated volume

63,442

- Price

£0.7352

e)

Date of the transaction

10/6/24

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

Enquiries:

 

Ibstock Plc

01530 261 999

Becky Parker


 

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