Exhibit 99.7      

Appendix 3Y      

Change of Director’s Interest Notice      

 

 

Rule 3.19A.2        

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

 

Name of entity

 

 

James Hardie Industries plc

 

ARBN

 

 

097 829 895

 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

 

Name of Director

 

  

Louis GRIES

 

Date of last notice

 

  

14 March 2014

 

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

 

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

 

18 March 2014

 

No. of securities held prior to change

    

392,260 ordinary shares/CUFS registered in the name of the Director (of which 5,910 are subject to a holding lock until 7 June 2015).

 

Class

 

Ordinary shares/CUFS

 

Number acquired

 

614,443 ordinary shares/CUFS following vesting of Relative Total Shareholder Return Restricted Stock Units (Relative TSR RSUs).

 

Number disposed

 

535,202 ordinary shares/CUFS sold

 

 

 

 + See chapter 19 for defined terms.

 

  
 01/01/2011 Appendix 3Y Page 1   


Appendix 3Y

Change of Director’s Interest Notice

 

 

 

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

 

 

 

 

Vesting of Relative TRS RSUs – Nil.

     

Sale of ordinary shares/CUFS issued pursuant to vesting of Relative TSR RSUs - $ 7,543,325.66

 

No. of securities held after change

 

Current relevant interest is:

 

     

471,501 ordinary shares/CUFS registered in the name of the Director (of which 5,910 are subject to a holding lock until 7 June 2015 and 79,241 are in a holding lock until 18 March 2016).

 

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

 

 

Two separate events:

 

     

614,443 ordinary shares/CUFS issued pursuant to vesting of Relative TSR RSUs.

 

      The on-market sale of ordinary shares/CUFS issued pursuant to vesting of Relative TSR RSUs.
     

 

¡

   The disposal of some of the shares is required to fund (i) US State and Federal withholding tax obligations (which are payable on vesting of RSUs) and (ii) sale costs;
     

 

¡

   75% of the remaining shares were sold on-market on in compliance with the James Hardie stock accumulation policy; and
       

 

¡

  

25% of the remaining shares have been retained and are subject to a two-year holding lock in accordance with the James Hardie stock accumulation policy. Following the sale the shareholding of the Director is currently more than 150% of his Board-approved shareholding target.

 

 

 

 + See chapter 19 for defined terms.

 

  
 Appendix 3Y  Page 2    01/01/2011


Appendix 3Y      

Change of Director’s Interest Notice      

 

 

 

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

 

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

 

     

18 March 2014

 

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

 

   

 

2,070,309 Relative TSR RSUs;

166,459 Hybrid RSUs; and

563,309 ROCE RSUs.

 

Interest acquired

 

     

Not applicable

Interest disposed

 

     

614,443 Relative TSR RSUs vested on 18 March 2014.

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:

 

     

 

1,455,866 Relative TSR RSUs;

166,459 Hybrid RSUs; and

563,309 ROCE RSUs.

 

Part 3 – +Closed period

 

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

 

 

+ See chapter 19 for defined terms.

 

  
01/01/2011 Appendix 3Y  Page 3