Exhibit 99.1

Appendix 3B

New issue announcement

 

 

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement,

application for quotation of additional securities

and agreement

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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

 

Name of entity

James Hardie Industries plc

 

 

ABN

 

097 829 895 Incorporated in Ireland. The liability of members is limited.

 

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

 

   1

   +Class of +securities issued or to be issued   

Restricted Stock Units (RSUs), being contractual entitlements granted to employees under the 2001 Equity Incentive Plan to be issued ordinary shares/CUFS upon satisfaction of certain conditions.

 

                 

   2

   Number of +securities issued or to be issued (if known) or maximum number which may be issued    297,388 RSUs, issued on 9 December 2016 (US time).
                 

   3

   Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)   

297,388 RSUs which will vest as follows

 

         Quantity       Vest Date     
                   
        

74,347

     

9 Dec 2016

    
        

74,347

     

9 Dec 2017

    
        

148,694

     

9 Dec 2018

    
     

 

Upon vesting, the holder of a RSU will be entitled to be issued one ordinary share/CUFS for each RSU held.

 

 

 

 + See chapter 19 for defined terms.

 

  
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   4

 

Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

 

If the additional +securities do not rank equally, please state:

    Not applicable     
 

·     the date from which they do

        
 

·     the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

        
 

·     the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

          
        

   5

  Issue price or consideration    

No cash consideration was paid for the RSUs.

 

    
        

   6

 

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

   

297,388 RSUs granted as awards under the 2001 Equity Incentive Plan and intended to promote the Company’s long term financial interests by encouraging management to acquire an ownership position in the Company, aligning their interests with those of the Company’s security holders.

 

    
        

   6a

 

Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

 

If Yes, complete sections 6b – 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

    No. Equity securities issued under the 2001 Plan are no longer the subject of security holder approval.     
        

   6b

  The date the security holder resolution under rule 7.1A was passed     Not applicable     
        

   6c

  Number of +securities issued without security holder approval under rule 7.1     297,388     
        

   6d

  Number of +securities issued with security holder approval under rule 7.1A     Not applicable     

 

 

 

 + See chapter 19 for defined terms.

 

  
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   6e

  Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)     Not applicable
     

   6f

  Number of +securities issued under an exception in rule 7.2     Not applicable
     

   6g

  If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.     Not applicable
     

   6h

  If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements     Not applicable
     

   6i

  Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements    

 

65,828,833 (Annexure 1 attached)

     

   7

 

+Issue dates

 

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

 

Cross reference: item 33 of Appendix 3B.

    12 December 2016
     
      Number   +Class

   8

  Number and +class of all +securities quoted on ASX (including the +securities in section 2 if applicable)     440,841,479   Ordinary shares/CUFS

 

 

 + See chapter 19 for defined terms.

 

  
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       Number    +Class

   9

  Number and +class of all +securities not quoted on ASX (including the +securities in section 2 if applicable)     

     50,692

   638,807

2,747,582

 

No 2001 Plan RSUs have been cancelled.

 

No 2006 Plan RSUs have been cancelled.

 

No Stock Options have been cancelled.

 

  

2001 Plan Options

2001 Plan RSUs

2006 Plan RSUs

           

   10

  Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)      Ordinary shares/CUFS issued on vesting of RSUs rank for dividends equally with issued ordinary shares/CUFS.    

Part 2 - Pro rata issue

 

   11  

Is security holder approval required?

 

    

Not applicable

 

           
   12  

Is the issue renounceable or non-renounceable?

 

    

Not applicable

 

           
   13  

Ratio in which the +securities will be offered

 

     Not applicable
           
   14  

+Class of +securities to which the offer relates

 

     Not applicable
           
   15  

+Record date to determine entitlements

 

     Not applicable
           
   16   Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?      Not applicable
           
   17   Policy for deciding entitlements in relation to fractions      Not applicable
           
   18  

Names of countries in which the entity has security holders who will not be sent new offer documents

 

Note: Security holders must be told how their entitlements are to be dealt with.

 

Cross reference: rule 7.7.

     Not applicable

 

 

 + See chapter 19 for defined terms.

 

  
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19

  Closing date for receipt of acceptances or renunciations     

Not applicable

 

      

20

  Names of any underwriters     

Not applicable

 

      

21

  Amount of any underwriting fee or commission     

Not applicable

 

      

22

  Names of any brokers to the issue     

Not applicable

 

      

23

  Fee or commission payable to the broker to the issue     

Not applicable

 

      

24

  Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders     

Not applicable

      

25

  If the issue is contingent on security holders’ approval, the date of the meeting     

Not applicable

      

26

  Date entitlement and acceptance form and offer documents will be sent to persons entitled     

Not applicable

      

27

  If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders     

Not applicable

      

28

  Date rights trading will begin (if applicable)     

Not applicable

 

      

29

  Date rights trading will end (if applicable)     

Not applicable

 

      

30

  How do security holders sell their entitlements in full through a broker?     

Not applicable

      

31

  How do security holders sell part of their entitlements through a broker and accept for the balance?     

Not applicable

      

32

  How do security holders dispose of their entitlements (except by sale through a broker)?     

Not applicable

      

33

  +Issue date     

Not applicable

 

 

 

 + See chapter 19 for defined terms.

 

  
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Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

 

34

  

Type of +securities

(tick one)

 

 

(a)

  

  

 

+Securities described in Part 1

 

 

(b)

  

  

 

All other +securities

 

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

 

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

 

Tick to indicate you are providing the information or documents  

 

 

35

  

  

 

If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

 

 

36

  

  

 

If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 and over

 

 

37

  

  

 

A copy of any trust deed for the additional +securities

 

Entities that have ticked box 34(b)

 

38

 

Number of +securities for which +quotation is sought

 

    

Not applicable

 

      

39

 

+Class of +securities for which quotation is sought

 

    

Not applicable

 

      

 

 

 + See chapter 19 for defined terms.

 

  
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40

 

Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

 

If the additional +securities do not rank equally, please state:

    

Not applicable

  ·    the date from which they do       
  ·    the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment       
  ·    the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment       
           

41

 

Reason for request for quotation now

 

Example: In the case of restricted securities, end of restriction period

 

(if issued upon conversion of another +security, clearly identify that other +security)

 

    

Not applicable

           
      

Number

  

+Class

42

 

Number and +class of all +securities quoted on ASX (including the +securities in clause 38)

 

 

 

    

Not applicable

  

Not applicable

 

 

 + See chapter 19 for defined terms.

 

  
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Quotation agreement

 

1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

 

2 We warrant the following to ASX.

 

    The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

 

    There is no reason why those +securities should not be granted +quotation.

 

    An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

 

    Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

 

    If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

 

3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

 

4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

 

Sign here:

 

/s/Natasha Mercer……………………………

 

Date: 12 December 2016

 

Company Secretary

 

Print name:

 

Natasha Mercer………………………….

 

== == == == ==

 

 

 + See chapter 19 for defined terms.

 

  
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Appendix 3B

New issue announcement

 

 

 

Appendix 3B – Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introduced 01/08/12 Amended 04/03/13

Part 1

 

 

Rule 7.1 – Issues exceeding 15% of capital

 

 

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

 

 

Insert number of fully paid +ordinary securities on issue 12 months before the +issue date or date of agreement to issue

 

  445,453,481

 

Add the following:

   
     
       Number of fully paid +ordinary securities issued in that 12 month period under an exception in rule 7.2        1,478,131
     
  Number of fully paid +ordinary securities issued in that 12 month period with shareholder approval   Not applicable
     
  Number of partly paid +ordinary securities that became fully paid in that 12 month period   Not applicable
   
Note:    
  Include only ordinary securities here – other classes of equity securities cannot be added    
  Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed    

  It may be useful to set out issues of securities on different dates as separate line items    

 

Subtract the number of fully paid +ordinary securities cancelled during that 12 month period

 

      (6,090,133)

 

“A”

 

  440,841,479

 

 

 + See chapter 19 for defined terms.

 

  
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Step 2: Calculate 15% of “A”

 

 

“B”

 

 

0.15

 

[Note: this value cannot be changed]

 

 

Multiply “A” by 0.15

 

  66,126,221

 

Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used

 

 

Insert number of +equity securities issued or agreed to be issued in that 12 month period not counting those issued:

 

 

297,388

     
•       Under an exception in rule 7.2    
     
  Under rule 7.1A    
     
  With security holder approval under rule 7.1 or rule 7.4    
   
Note:    
  This applies to equity securities, unless specifically excluded – not just ordinary securities    
  Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed    

  It may be useful to set out issues of securities on different dates as separate line items    

 

“C”

 

  297,388

 

Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1

 

 

“A” x 0.15

 

Note: number must be same as shown in Step 2

 

 

 

66,126,221

 

Subtract “C”

 

Note: number must be same as shown in Step 3

 

 

 

    (297,388)

 

Total [“A” x 0.15] – “C”

 

 

65,828,833

 

[Note: this is the remaining placement capacity under rule 7.1]

 

 

 

 + See chapter 19 for defined terms.

 

  
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Appendix 3B

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Part 2

 

 

Rule 7.1A – Additional placement capacity for eligible entities

 

 

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

 

 

“A”

 

Note: number must be same as shown in Step 1 of Part 1

 

 

 

Not applicable

 

Step 2: Calculate 10% of “A”

 

 

“D”

 

 

0.10

 

Note: this value cannot be changed

 

 

Multiply “A” by 0.10

 

  Not applicable

 

Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has already been used

 

 

Insert number of +equity securities issued or agreed to be issued in that 12 month period under rule 7.1A

 

Notes:

 

 

Not applicable

       This applies to equity securities – not just ordinary securities    
  Include here – if applicable – the securities the subject of the Appendix 3B to which this form is annexed    
  Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained    
 

It may be useful to set out issues of securities on different dates as separate line items

   

 

“E”

 

  Not applicable

 

 

 + See chapter 19 for defined terms.

 

  
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Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A

 

 

“A” x 0.10

 

Note: number must be same as shown in Step 2

 

 

 

Not applicable

 

Subtract “E”

 

Note: number must be same as shown in Step 3

 

 

 

Not applicable

 

Total [“A” x 0.10] – “E”

 

 

Not applicable

 

Note: this is the remaining placement capacity under rule 7.1A

 

 

 

 + See chapter 19 for defined terms.

 

  
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