TIDMFORT

RNS Number : 9657C

Forterra plc

04 October 2018

4 October 2018

Forterra plc

Grant of Options under 2018 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 3 October 2018 the Company granted options over 891,902 ordinary shares of GBP0.01 each. The exercise price which was set in accordance with HM Revenue and Customs rules was GBP2.18 per share. The options have a contract start date of 1 December 2018 and are exercisable between 1 December 2021 and 1 June 2022. 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 (HR Director)    2,477 
                               ------------------

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 
 Shatish Dasani (CFO) 
 Benjamin Guyatt (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.

END

DSHFKQDPOBDKQKK

(END) Dow Jones Newswires

October 04, 2018 03:58 ET (07:58 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.