Ibstock PLC Director/PDMR Shareholding
June 12 2024 - 10:48AM
RNS Regulatory News
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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