Forterra plc Employee Benefit Trust Share Purchase (8605N)
27 September 2019 - 1:50AM
UK Regulatory
TIDMFORT
RNS Number : 8605N
Forterra plc
26 September 2019
26 September 2019
Forterra plc
Employee Benefit Trust Share Purchase
Further to the announcement made on 19 December 2018, whereby
Forterra plc (the "Company") announced a programme of share
purchases by the Forterra Employee Benefit Trust at the rate of
approximately 450,000 shares per month which completed in July
2019. The Company now announces that it has agreed that Apex
Financial Services Trust Company Limited acting as Trustee of the
Forterra Employee Benefit Trust (the "Trust") will commence a
further programme to purchase ordinary shares of 1p each in the
Company at the rate of 80,000 shares per month beginning in October
2019. It is envisaged that this programme will extend to December
2020.
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) into 2020
and beyond.
At the date of this announcement the Trust held 4,714,642
ordinary shares in the Company representing 2.35% of the Company's
current voting rights.
Enquiries
Forterra plc: +44 (0) 1604 707 600
Ben Guyatt (Company Secretary)
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END
MSCLFMATMBITBRL
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