TIDMFORT

RNS Number : 6894B

Forterra plc

09 October 2020

9 October 2020

Forterra plc

Grant of Options under 2020 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 choose to save up to GBP500 per month over a 3 year period. Pursuant to the scheme, on 8 October 2020 the Company granted options over 5,927,340 ordinary shares of GBP0.01 each. The exercise price which was set in accordance with HM Revenue and Customs rules was GBP1.49 per share. The options have a contract start date of 1 December 2020 and are exercisable between 1 December 2023 and 31 May 2024. 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 
 Stephen Harrison (Chief Executive 
  Officer)                                    12,080 
                                        ------------------ 
 Ben Guyatt (Chief Financial 
  Officer)                                    12,080 
                                        ------------------ 
 George Stewart (Operations Director)         12,080 
                                        ------------------ 
 Adam Smith (Commercial Director)             12,080 
                                        ------------------ 
 Shahbaz Idriss (HR Director)                 12,080 
                                        ------------------ 
 Darren Rix (Strategy and Development 
  Director)                                   12,080 
                                        ------------------ 
 Matt Day (IT Director)                       12,080 
                                        ------------------ 
 Peter Varnsverry (Managing Director 
  Bison Precast)                              12,080 
                                        ------------------ 
 Ashley Thompson (Company Secretary)          12,080 
                                        ------------------

The above notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulations

Enquiries

 
 Forterra plc:                               +44 (0) 1604 707 600 
 Benjamin Guyatt (CFO) 
 Ashley Thompson (Company Secretary) 
 
 FTI Consulting (public relations adviser 
  to Forterra):                              +44 (0) 20 3727 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUKSSRROURRAA

(END) Dow Jones Newswires

October 09, 2020 10:45 ET (14:45 GMT)

Forterra (LSE:FORT)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Forterra Charts.
Forterra (LSE:FORT)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Forterra Charts.