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

 

    

Ordinary shares/CUFS issued on exercise of stock options.

 
           
 

2

  

Number of +securities issued or to be issued (if known) or maximum number which may be issued

 

     11,429 ordinary shares/CUFS.  
           
 

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)

    

Ordinary shares/CUFS issued on exercise of options, as follows:

 

     11,429 at $6.38 with expiry date of 10 December 2017

 

 

 

 + See chapter 19 for defined terms.

 

  
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Appendix 3B

New issue announcement

 

 

 

 

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:

     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

    

Yes, rank equally with issued ordinary shares/CUFS.

 
              
 

5

  

Issue price or consideration

    

Allotment of ordinary shares/CUFS on exercise of options:

 

11,429 at $6.38

 

 
           
 

6

  

Purpose of the issue

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

 

 

     Exercise of stock options issued pursuant to the James Hardie Industries 2001 Equity Incentive Plan (2001 Plan).  
           
 

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

    

11,429

 
              
 

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

    

 

65,815,061 (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.

     24 May 2017  
           
             Number    +Class    
 

8

  

Number and +class of all +securities quoted on ASX (including the +securities in section 2 if applicable)

 

     440,871,317   

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)

    

     37,467

   603,557

2,705,185

 

16,024 2001 Plan

RSUs have been

cancelled.

 

15,479 2006 Plan

RSUs have been

cancelled.

 

No 2001 Plan 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 exercise of stock options

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

 

 

 

 

 + See chapter 19 for defined terms.

 

  
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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

 
              
 

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

 

 
         

 

 
              

 

 

 + See chapter 19 for defined terms.

 

  
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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

 

 

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

  

 

 

 + See chapter 19 for defined terms.

 

  
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   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

 
              
 

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:

     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

    

Not applicable

 
              
 

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: 24 May 2017

  

Company Secretary

  

Print name:

  

Natasha Mercer………………………………………

  

== == == == ==

 

 

 + See chapter 19 for defined terms.

 

  
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Appendix 3B

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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

 

 

 

445,580,065

 

Add the following:

   
     
       Number of fully paid +ordinary securities issued in that 12 month period under an exception in rule 7.2        1,381,385
     
  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”

 

 

 

440,871,317

 

 

 + 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

 

  66,130,697

 

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:

 

 

315,636

     
•       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”

 

  315,636

 

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

 

 

 

66,130,697

 

Subtract “C”

 

Note: number must be same as shown in Step 3

 

 

 

    (315,636)

 

Total [“A” x 0.15] – “C”

 

 

65,815,061

 

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

 

 

 

 + See chapter 19 for defined terms.

 

  
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Appendix 3B

New issue announcement

 

 

 

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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