Ibstock PLC Director/PDMR Shareholding (3506V)

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 
 

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April 04, 2023 07:30 ET (11:30 GMT)