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Last checked at 
20 Apr 2023 14:30
LEI: 2138003QHTNX34CN9V93
Ibstock Plc (the "Company")
Exercise of Awards under the Ibstock Plc Annual and Deferred Bonus Plan and the Ibstock Plc Long Term Incentive Plan
Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")
Following the vesting of share options granted to Executive Directors under the Ibstock Plc Annual and Deferred Bonus Plan ("ADBP") and the Ibstock Plc Long Term Incentive Plan ("LTIP"), the Company was notified that on 18 April 2023 the following exercise and sale transactions took place.
Joe Hudson (Chief Executive Officer) and Chris McLeish (Chief Financial Officer) exercised options over Ibstock Plc ordinary shares of 1 penny each ("Ordinary Shares") granted under the ADBP and 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 | 2018 LTIP | 02/01/18 | 21,570 | 18/04/23 | 10,164 | £1.717 | 11,406 |
Joe Hudson | 2019 ADBP | 03/05/19 | 32,576 | 18/04/23 | 15,350 | £1.717 | 17,226 |
Joe Hudson | 2020 ADBP | 14/04/20 | 23,107 | 18/04/23 | 10,888 | £1.717 | 12,219 |
Chris McLeish | 2020 ADBP | 14/04/20 | 6,244 | 18/04/23 | 2,950 | £1.717 | 3,294 |
A two-year holding period will apply to the LTIP awards following vesting.
Following these transactions, Joe Hudson's total shareholding in the Company is 61,409 and Chris McLeish's total shareholding in the Company is 53,845.
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 | Joseph 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: (a) Ibstock Plc Long Term Incentive Plan; (b) Ibstock Plc Annual and Deferred Bonus Plan; and (c) Ibstock Plc Annual and Deferred Bonus Plan;
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) | ||||
(1a) | Nil | 11,406 | |||
(1b) | Nil | 17,226 | |||
(1c) | Nil | 12,219 | |||
(2) | £1.717 | 36,402 | |||
d)
| Aggregated information | ||||
- Aggregated volume | 77,253
| ||||
- Price | £0.809 | ||||
e) | Date of the transaction | 18 April 2023 | |||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||
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 | 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 Annual and Deferred Bonus 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 | 3,294 | |||
(2) | £1.717 | 2,950 | |||
d)
| Aggregated information | ||||
- Aggregated volume | 6,244 | ||||
- Price | £0.811 | ||||
e) | Date of the transaction | 18 April 2023 | |||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||
Enquiries:
Ibstock Plc | 01530 261 999 |
Becky Parker |
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