Name of entity James Hardie Industries plc |
ARBN 097 829 895 |
Name of Director | Louis GRIES |
Date of last notice | 7 December 2016 |
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Direct or indirect interest | Direct |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. | Not applicable |
Date of change | Not applicable |
No. of securities held prior to change | 404,038 ordinary shares/CUFS registered in the name of the Director (of which 32,678 are in a holding lock until 14 September 2017, 28,020 are in a holding lock until 16 September 2017, 33,358 are in a holding lock until 17 September 2017, 32,555 are in a holding lock until 16 September 2018, 16,659 are in holding lock until 19 September 2018 and 39,490 are in a holding lock until 20 September 2018). |
Class | Ordinary shares/CUFS |
Number acquired | Not applicable |
Number disposed | Not applicable |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | Not applicable |
No. of securities held after change | Current relevant interest is: 404,038 ordinary shares/CUFS registered in the name of the Director (of which 32,678 are in a holding lock until 14 September 2017, 28,020 are in a holding lock until 16 September 2017, 33,358 are in a holding lock until 17 September 2017, 32,555 are in a holding lock until 16 September 2018, 16,659 are in holding lock until 19 September 2018 and 39,490 are in a holding lock until 20 September 2018). |
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Not applicable |
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Detail of contract | Not applicable |
Nature of interest | Restricted Stock Units (RSUs) are contractual entitlements to issued ordinary shares/CUFS upon satisfaction of certain conditions. |
Name of registered holder (if issued securities) | Not applicable |
Date of change | 21 August 2017 (US time) – Grant of RSUs |
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed | • 771,019 Relative TSR RSUs; and • 682,086 ROCE RSUs. |
Interest acquired | Two separate grants of RSUs, as part of the FY2018 long-term incentive to the CEO pursuant to the 2006 Plan, approved by shareholders at the 2017 Annual General Meeting: • 246,902 Relative TSR RSUs. These RSUs are subject to a TSR based hurdle measured over a performance period of 3 years from the grant date; and • 136,441 ROCE RSUs. These are subject to a ROCE hurdle based on the company’s average ROCE performance in FY2018-2020 and the Remuneration Committee’s exercise of negative discretion three years from the grant date. |
Interest disposed | Not applicable |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation | No cash consideration was paid to exercise the RSUs. |
Interest after change | Current interests in contracts: • 1,017,921 Relative TSR RSUs; and • 818,527 ROCE RSUs. |
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No |
If so, was prior written clearance provided to allow the trade to proceed during this period? | Not applicable |
If prior written clearance was provided, on what date was this provided? | Not applicable |
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