Forterra plc Employee Benefit Trust Share Purchase (9473K)
April 16 2018 - 1:25AM
UK Regulatory
TIDMFORT
RNS Number : 9473K
Forterra plc
16 April 2018
16 April 2018
Forterra plc
Employee Benefit Trust Share Purchase
As outlined in the results statement released on 14 March 2018,
Forterra plc (the "Company") announces that on 13 April 2018 it was
agreed that Link Trustees (Jersey) Limited acting as Trustee of the
Forterra Employee Benefit Trust (the "Trust") will commence the
purchase of ordinary shares of 1p each in the Company as part of a
planned programme of monthly share purchases which is expected to
last until the end of 2019.
It is expected that approximately 240,000 shares will be
purchased each month under this programme. These shares will
ultimately be used by the Trust for the settlement of awards
granted under the Company's employee share schemes, namely the
Performance Share Plan (PSP), the Deferred Annual Bonus Plan (DABP)
and the Sharesave Plan (SAYE).
At the date of this announcement the Trust held 71 ordinary
shares in the Company representing 0.00% of the Company's current
voting rights.
Enquiries
Forterra plc: +44 (0) 1604 707 600
Ben Guyatt (Company Secretary)
This information is provided by RNS
The company news service from the London Stock Exchange
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