Share Name Share Symbol Market Type Share ISIN Share Description
Forterra LSE:FORT London Ordinary Share GB00BYYW3C20 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -0.09% 274.25p 267.75p 274.25p 277.00p 265.00p 265.00p 49,852 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 294.5 37.1 13.8 19.9 549.71

Forterra plc Grant under Deferred Annual Bonus Plan

27/03/2017 9:23am

UK Regulatory (RNS & others)


Forterra (LSE:FORT)
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RNS Number : 6034A

Forterra plc

27 March 2017

27 March 2017

Forterra plc

Grant under Deferred Annual Bonus Plan

Forterra plc (the "Company") announces that, on 24 March 2017, share option awards over ordinary shares of GBP0.01 each in the capital of the Company were granted to Executive Directors under the Forterra plc Deferred Annual Bonus Plan ("DABP") as follows:

 
 Name of                    Number of shares over which the award is granted 
  Director 
 Stephen 
  Harrison                                                            43,556 
 Shatish 
  Dasani                                                              32,667 
 Total                                                                76,223 
 

These awards represent the deferral into ordinary shares of part of the Executive Directors' 2016 bonus entitlements under the rules of the Scheme.

No consideration was paid for the grant of the awards which are structured as nominal cost options at an option exercise price of GBP0.01 per ordinary share. The number of ordinary shares granted under the award has been calculated using a share price of GBP2.0766 being an average of the closing mid market share price for the three days commencing on 15 March 2017 being the date of announcing the Company's 2016 results.

The awards will normally vest on 15 March 2020, subject to the participant being an employee of the Company at that time. Once vested, the award shall normally remain exercisable until the day before the tenth anniversary of the date of grant. Further terms and conditions of the DABP are set out in the IPO Prospectus.

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) 
 Ben Guyatt (Company 
  Secretary) 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 27, 2017 04:23 ET (08:23 GMT)

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