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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