Ibstock PLC Director/PDMR Shareholding (4060J)

TIDMIBST

RNS Number : 4060J

Ibstock PLC

15 August 2023

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 Chris McLeish (Chief Financial Officer) under the Ibstock Plc Long Term Incentive Plan ("LTIP"), the Company was notified that on 15 August 2023 the following exercise and sale transactions took place.

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      Grant       No of        Sale       Number     Price      Number 
                     Plan        Date       Shares       Date      of Shares             of shares 
                                           exercised                 sold                retained 
                   2019 Buy 
 Chris McLeish        Out      12/8/19      64,790     15/08/23     30,528     154.2p     34,262 
                 -----------  ---------  -----------  ---------  -----------  -------  ----------- 
                   2019 Buy 
 Chris McLeish        Out      12/8/19      41,794     15/08/23     19,693     154.2p     22,101 
                 -----------  ---------  -----------  ---------  -----------  -------  ----------- 
 Chris McLeish    2020 LTIP    14/4/20      85,196     15/08/23     40,143     154.2p     45,053 
                 -----------  ---------  -----------  ---------  -----------  -------  ----------- 
 

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

Following these transactions, Chris McLeish's total shareholding in the Company is 155,261.

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                                Chris 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 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           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               101,416 
                                                     ----------------  ----------------- 
                                           (2)        GBP1.542          90,364 
                                                     ----------------  ----------------- 
 
 d)    Aggregated information 
  - Aggregated volume                      191,780 
  - Price                                  GBP0.727 
 e)    Date of the transaction             15/8/23 
 f)    Place of the transaction            London Stock Exchange, Main Market (XLON) 
      ----------------------------------  ------------------------------------------------ 
 

Enquiries:

 
 Ibstock Plc     01530 261 999 
 Becky Parker 
 

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August 15, 2023 10:30 ET (14:30 GMT)