Business
Grant of Share Options under LTIP
Grant of Share Options under LTIP.
About this update from Ibstock Plc
[{"type":"text","content":"\n \nRNS Number : 5566V Ibstock PLC 18 April 2016 \n\n18 April 2016\n \nIbstock plc (\"Ibstock\" or the \"Company\")\n \nGrant of Share Options under the Ibstock plc Long Term Incentive Plan (the \"LTIP\")\n \nNotification of Transactions by Executive Directors and Persons Discharging Managerial Responsibility (\"PDMRs\")\n \nThe Company announces that it was notified of the grant of options over Ibstock plc ordinary shares of 1 penny each (\"Ordinary Shares\") on18 April 2016 to Directors and the PDMR in accordance with the rules of the Ibstock plc Long Term Incentive Plan (\"Options\").\n \n\n\n\n\nName\n\n\nStatus\n\n\nNumber of shares under Option\n\n\nOption Price\n\n\n\n\nJohn Richards\n\n\nPDMR\n\n\n42,221\n\n\n£Nil\n\n\n\n\nWayne Sheppard\n\n\nDirector\n\n\n217,502\n\n\n£Nil\n\n\n\n\nKevin Sims\n\n\nDirector\n\n\n148,413\n\n\n£Nil\n\n\n\n\n \nThe normal vesting date of the Options will be 18 April 2019, being the third anniversary of the award date. The exercise period of each Option will run from the date on which each Option vests to the day before the tenth anniversary of the award date. \nThese nil-cost options are subject to the rules of the LTIP and will vest depending on performance against Total Shareholder Return (\"TSR\") and Adjusted Earnings per Share (\"EPS\") targets, as measured over a three year performance period. \nThis notification has been issued pursuant to the Company's notification obligations under Disclosure and Transparency Rule 3.1.4.\n \nFor further information contact:\n \n\n\n\n\nIbstock plc\n\n\n\n\n\n\n\nRobert Douglas, Company Secretary\n\n\n+ 44 (0)1530 257 211\n\n\n\n\n\n\n\n\n\n\n\n\nCitigate Dewe Rogerson\n\n\n+ 44 (0)20 7638 9571 \n\n\n\n\nSimon Rigby\n\n\n\n\n\n\n\nKevin Smith\n\n\n\n\n\n\n\nNick Hayns \n\n\n\n\n\n\n\n \n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DSHLLFSESDITLIR\n ","length":5395,"tagName":"div"}]