Forterra plc Grant of Options under 2017 SAYE Scheme (1660T)
October 10 2017 - 2:36AM
UK Regulatory
TIDMFORT
RNS Number : 1660T
Forterra plc
10 October 2017
10 October 2017
Forterra plc
Grant of Options under 2017 SAYE Scheme
Forterra plc (the "Company") is pleased to announce that it has
granted options under its Employee Sharesave Scheme ("the Scheme")
which is open to all employees subject to certain requirements.
Participants can chose to save up to GBP500 per month over a 3 year
period. Pursuant to the scheme, on 9 October 2017 the Company
granted options over 1,299,743 ordinary shares of GBP0.01 each. The
exercise price which was set in accordance with HM Revenue and
Customs rules was GBP2.22 per share. The options have a contract
start date of 1 December 2017 and are exercisable between 1
December 2020 and 1 June 2021. The exercise of options on maturity
is not dependent upon performance criteria.
Within the options described above, options were granted to the
following Persons Discharging Managerial Responsibilities
(PDMRs)
PDMR Number of options
granted
--------------- ------------------
Edward Haslam 4,054
--------------- ------------------
Darren Rix 3,243
--------------- ------------------
The above notification is intended to satisfy the Company's
obligations under Article 19 of the Market Abuse Regulations
Enquiries
+44 (0) 1604 707
Forterra plc: 600
Shatish Dasani (CFO)
Benjamin Guyatt (Company
Secretary)
FTI Consulting (public relations +44 (0) 20 3727
adviser to Forterra): 1340
Richard Mountain
Nick Hasell
Forterra plc
Further information relating to the Company and its group can be
found at www.forterraplc.co.uk.
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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October 10, 2017 03:36 ET (07:36 GMT)
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