Exhibit 99.7
Appendix 3Y
Change of Directors Interest Notice
Rule 3.19A.2
Appendix 3Y
Change of Directors Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASXs property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity
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James Hardie Industries plc
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ARBN
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097 829 895
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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
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Louis GRIES
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Date of last notice
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14 March 2014
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Part 1 - Change of directors 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
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Direct | |||
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
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Not applicable | |||
Date of change |
18 March 2014
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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).
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Class |
Ordinary shares/CUFS
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Number acquired |
614,443 ordinary shares/CUFS following vesting of Relative Total Shareholder Return Restricted Stock Units (Relative TSR RSUs).
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Number disposed |
535,202 ordinary shares/CUFS sold
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+ See chapter 19 for defined terms.
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01/01/2011 Appendix 3Y Page 1 |
Appendix 3Y
Change of Directors Interest Notice
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
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Vesting of Relative TRS RSUs Nil. | ||||
| Sale of ordinary shares/CUFS issued pursuant to vesting of Relative TSR RSUs - $ 7,543,325.66
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No. of securities held after change |
Current relevant interest is:
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| 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).
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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:
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| 614,443 ordinary shares/CUFS issued pursuant to vesting of Relative TSR RSUs.
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| 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.
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+ See chapter 19 for defined terms.
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Appendix 3Y Page 2 | 01/01/2011 |
Appendix 3Y
Change of Directors Interest Notice
Part 2 Change of directors 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.
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Name of registered holder (if issued securities)
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Not applicable
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Date of change
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18 March 2014
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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
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2,070,309 Relative TSR RSUs; 166,459 Hybrid RSUs; and 563,309 ROCE RSUs.
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Interest acquired
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Not applicable | |||||
Interest disposed
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614,443 Relative TSR RSUs vested on 18 March 2014. | |||||
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
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No cash consideration was paid to exercise the RSUs. | |||||
Interest after change |
Current interests in contracts:
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1,455,866 Relative TSR RSUs; 166,459 Hybrid RSUs; and 563,309 ROCE RSUs.
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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.
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01/01/2011 Appendix 3Y Page 3 |