Director/PDMR Shareholding

RNS Number : 9410W

Ibstock PLC

20 April 2023

 

LEI: 2138003QHTNX34CN9V93

Ibstock Plc (the "Company")

Exercise of Awards under the Ibstock Plc Annual and Deferred Bonus Plan and the Ibstock Plc Long Term Incentive Plan

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

Following the vesting of share options granted to Executive Directors under the Ibstock Plc Annual and Deferred Bonus Plan ("ADBP") and the Ibstock Plc Long Term Incentive Plan ("LTIP"), the Company was notified that on 18 April 2023 the following exercise and sale transactions took place.

Joe Hudson (Chief Executive Officer) and Chris McLeish (Chief Financial Officer) exercised options over Ibstock Plc ordinary shares of 1 penny each ("Ordinary Shares") granted under the ADBP and 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	2018 LTIP	02/01/18	21,570	18/04/23	10,164	£1.717	11,406
Joe Hudson	2019 ADBP	03/05/19	32,576	18/04/23	15,350	£1.717	17,226
Joe Hudson	2020 ADBP	14/04/20	23,107	18/04/23	10,888	£1.717	12,219
Chris McLeish	2020 ADBP	14/04/20	6,244	18/04/23	2,950	£1.717	3,294

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

Following these transactions, Joe Hudson's total shareholding in the Company is 61,409 and Chris McLeish's total shareholding in the Company is 53,845.

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	1. Shares transferred to the PDMR from the exercise of vested awards under the: (a) Ibstock Plc Long Term Incentive Plan; (b) Ibstock Plc Annual and Deferred Bonus Plan; and (c) Ibstock Plc Annual and Deferred Bonus Plan; 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)
		(1a)	Nil	11,406
		(1b)	Nil	17,226
		(1c)	Nil	12,219
		(2)	£1.717	36,402
d)	Aggregated information
	- Aggregated volume	77,253
	- Price	£0.809
e)	Date of the transaction	18 April 2023
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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 Annual and Deferred Bonus 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	3,294
		(2)	£1.717	2,950
d)	Aggregated information
	- Aggregated volume	6,244
	- Price	£0.811
e)	Date of the transaction	18 April 2023
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

Enquiries:

Ibstock Plc	01530 261 999
Becky Parker

 

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