|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|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
Forterra plc Grant under Deferred Annual Bonus Plan
UK Regulatory (RNS & others)
RNS Number : 6034A
27 March 2017
27 March 2017
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.
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
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March 27, 2017 04:23 ET (08:23 GMT)
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