Ibstock PLC Director/PDMR Shareholding (3506V)
April 04 2023 - 6:30AM
UK Regulatory
TIDMIBST
RNS Number : 3506V
Ibstock PLC
04 April 2023
LEI: 2138003QHTNX34CN9V93
Ibstock Plc (the "Company")
Grant of Awards under the Ibstock Plc Long Term Incentive
Plan
Notification of Transactions by Persons Discharging Managerial
Responsibility ("PDMRs")
The Company announces that it granted an award ("LTIP Award")
over Ibstock Plc ordinary shares of 1 penny each ("Ordinary
Shares") on 3 April 2023 to PDMRs in accordance with the rules of
the Ibstock Plc Long Term Incentive Plan.
Name Status Number of Ordinary Option
Shares under LTIP Price
Award
Joseph Hudson Chief Executive 452,632 GBPNil
Officer
---------------- ------------------- -------
Christopher McLeish Chief Financial 304,536 GBPNil
Officer
---------------- ------------------- -------
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 using an Ordinary
Share price of 172.50 pence per share (the closing middle market
quotation on 31 March 2023).
The normal vesting date of the LTIP Awards will be 3 April 2026,
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) (25%), relative Total Shareholder
Return (TSR) (30%), Adjusted ROCE (25%) and ESG (20%), each
assessed over a three-year performance period commencing on 1
January 2023. Full details of the performance conditions and
related targets are set out in the 2022 Annual Report and
Accounts.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Joseph Hudson
------------------------------------- --------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Ibstock Plc
------------------------------------- --------------------------------------------
b) LEI 2138003QHTNX34CN9V93
------------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary shares of 1p each
financial instrument,
type of instrument
Identification code GB00BYXJC278
b) Nature of the transaction Grant of awards under the Ibstock Plc
Long Term Incentive Plan
------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
Nil 452,632
--------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume 452,632
- Price Nil
e) Date of the transaction 3 April 2023
------------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- --------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Christopher McLeish
--------------------------------------- --------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Ibstock Plc
--------------------------------------- --------------------------------------------
b) LEI 2138003QHTNX34CN9V93
--------------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 1p each
financial instrument,
type of instrument
Identification code GB00BYXJC278
b) Nature of the transaction Grant of awards under the Ibstock Plc
Long Term Incentive Plan
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
Nil 304,536
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume 304,536
- Price Nil
e) Date of the transaction 3 April 2023
--------------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- --------------------------------------------
Enquiries:
Ibstock Plc 01530 261 999
Becky Parker
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHMZGGDMDVGFZM
(END) Dow Jones Newswires
April 04, 2023 07:30 ET (11:30 GMT)
Ibstock (LSE:IBST)
Historical Stock Chart
From Dec 2024 to Jan 2025
Ibstock (LSE:IBST)
Historical Stock Chart
From Jan 2024 to Jan 2025
