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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ibstock Plc | LSE:IBST | London | Ordinary Share | GB00BYXJC278 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 153.00 | 153.00 | 153.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Concrete Block And Brick | 405.84M | 21.06M | 0.0537 | 28.49 | 599.86M |
TIDMIBST
RNS Number : 6458T
Ibstock PLC
26 March 2021
26 March 2021
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 25 March 2021 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 317,888 GBPNil Officer ---------------- ------------------- ------- Christopher Chief Financial 213,886 GBPNil McLeish 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 214.6 pence per share (the closing share price on 24 March 2021).
The normal vesting date of the LTIP Awards will be 25 March 2024, 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 holding period will apply to these awards, which commences on vesting.
The LTIP Awards will normally vest after 3 years based on the satisfaction of the following performance conditions: -
i. 40% on relative TSR against the FTSE 250 construction and building materials companies: Median performance (threshold); upper quartile performance (maximum); ii. 30% on absolute Adjusted EPS: 16p EPS (threshold); 19.6p EPS (maximum); iii. 20% on average annual Return On Capital Employed ("ROCE"): 15.77% p.a. (threshold); 17.43% p.a. (maximum); and iv. 10% on the reduction of CO2 per tonne of finished production: 0.152 (threshold); 0.142 maximum.
25% of the LTIP Award will vest for threshold performance under all measures, with straight line vesting in between to full vesting for the achievement of maximum performance.
The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
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 Initial notification /Amendment --------------------------- ------------------------------------------------------ 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 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) 317,888 Nil d) Aggregated information - Aggregated volume 317,888 - Price Nil e) Date of the transaction 2021-03-25 --------------------------- ------------------------------------------------------ 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 Initial notification /Amendment ------------------------------------------------------- ---------------------------------------------- 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 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) 213,886 Nil d) Aggregated information - Aggregated volume 213,886 - Price Nil e) Date of the transaction 2021-03-25 ------------------------------------------------------- ---------------------------------------------- f) Place of the transaction Outside a trading venue ------------------------------------------------------- ----------------------------------------------
Nick Giles
Group Company Secretary
07796 132222
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March 26, 2021 06:00 ET (10:00 GMT)
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