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FORT Forterra Plc

170.00
2.00 (1.19%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Forterra Plc 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
  2.00 1.19% 170.00 170.20 170.60 173.00 164.20 164.20 415,398 16:35:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Concrete Block And Brick 346.4M 12.8M 0.0620 27.48 351.71M

Forterra plc Director/PDMR Shareholding (7179Y)

10/05/2019 3:08pm

UK Regulatory


Forterra (LSE:FORT)
Historical Stock Chart


From May 2019 to May 2024

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TIDMFORT

RNS Number : 7179Y

Forterra plc

10 May 2019

10 May 2019

Forterra plc

Forterra plc (the "Company")

Director / PDMR Shareholdings

Following the vesting on 26 April 2019 of share options granted to management under the 2016 Performance Share Plan (PSP), the Company was notified on the 9 and 10 May 2019 that on the 8 and 9 May the following exercise and sale transactions took place:

Stephen Harrison, Shatish Dasani, Ben Guyatt and George Stewart exercised options granted under the PSP as laid out below selling sufficient shares to cover the appropriate tax and national insurance liabilities. In addition, George Stewart also exercised options granted under the Deferred Annual Bonus Plan (DABP) which had vested in 2018. Again, sufficient shares were sold to meet the appropriate tax and national insurance liabilities with the balance being retained.

 
 Name          Status     No. of shares     Sale     Number       Price      Number       Beneficial   % of 
                             exercised       Date     of shares               of shares    interest     ISC 
                                                      sold                    retained 
                         PSP       DABP 
                        --------  ------- 
 Stephen 
  Harrison     PDMR      204,073            8/5/19   96,252       GBP2.883   107,821      134,532      < 1% 
              --------  --------  -------  -------  -----------  ---------  -----------  -----------  ----- 
 Ben Guyatt    PDMR      35,712             8/5/19   16,844       GBP2.883   18,868       24,424       < 1% 
              --------  --------  -------  -------  -----------  ---------  -----------  -----------  ----- 
 George 
  Stewart      PDMR      24,488    17,306   8/5/19   19,713       GBP2.883   22,081       31,183       < 1% 
              --------  --------  -------  -------  -----------  ---------  -----------  -----------  ----- 
 Shatish 
  Dasani       PDMR      122,443            9/5/19   57,751       GBP2.825   64,692       177,475      < 1% 
              --------  --------  -------  -------  -----------  ---------  -----------  -----------  ----- 
 

The 2016 PSP awards were granted with half of the awards subject to an EPS performance condition and the other half of the awards subject to a TSR performance condition. The EPS performance condition vested at 36.9% of the maximum and the TSR performance condition vested at 100% of the maximum. The Remuneration Committee determined that, in accordance with the rules of the scheme, participants would receive dividend equivalent shares at the rate of 0.073294 additional share for every vesting share. The Remuneration Committee also agreed to waive the 1p per option cost upon exercise.

The shares to be retained by management are to be transferred to management by the Employee Benefit Trust.

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 
Ben Guyatt (Company Secretary) 
 
FTI Consulting:                  +44 (0) 20 3727 1340 
Richard Mountain/Nick Hasell 
 

Further information relating to the Company and its group can be found at www.forterraplc.co.uk.

 
1.  Details of the person discharging managerial responsibilities/person closely associated 
a)  Name                                                      Stephen Harrison 
2.  Reason for the notification 
a)  Position/status                                           PDMR (Chief Executive Officer) 
b)  Initial notification/Amendment                            Initial notification 
3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
a)  Name                                                      Forterra plc 
b)  LEI                                                       5299007SD2PDQMKM5278 
4.  Details of the transaction(s): 
a)  Description of the financial instrument, type of          Ordinary Shares of 1p each 
    instrument 
    Identification code                                        GB00BYYW3C20 
b)  Nature of the transaction                                 Acquisition of shares for no consideration pursuant to 
                                                              the exercise of nominal cost options 
                                                              (with the 1p option cost waived by the Company) granted 
                                                              under the PSP scheme on 31 May 2016 
                                                              and vesting on 26 April 2019 
c)  Price(s) and volume(s)                                     Transaction   Price(s)    Volume(s) 
                                                                              GBPNil      204,073 options 
                                                                                           vesting 
 
                                                                               GBP2.883    96,252 shares 
                                                                                           sold to settle 
                                                                                           tax and NI 
                                                                               GBPNil 
                                                                                           107,821 shares 
                                                                                           acquired 
                                                                             ----------  ---------------- 
d)  Aggregated information                                     Transaction   Price(s)   Volume(s)   Total 
                                                                Sale          GBP2.883   96,252      GBP277,795 
                                                                             ---------  ----------  ----------- 
 
 
1.  Details of the person discharging managerial responsibilities/person closely associated 
a)  Name                                                      Ben Guyatt 
2.  Reason for the notification 
a)  Position/status                                           PDMR (Director of Finance and Company Secretary) 
b)  Initial notification/Amendment                            Initial notification 
3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
a)  Name                                                      Forterra plc 
b)  LEI                                                       5299007SD2PDQMKM5278 
4.  Details of the transaction(s): 
a)  Description of the financial instrument, type of          Ordinary Shares of 1p each 
    instrument 
    Identification code                                        GB00BYYW3C20 
b)  Nature of the transaction                                 Acquisition of shares for no consideration pursuant to 
                                                              the exercise of nominal cost options 
                                                              (with the 1p option cost waived by the Company) granted 
                                                              under the PSP scheme on 31 May 2016 
                                                              and vesting on 26 April 2019 
c)  Price(s) and volume(s)                                     Transaction   Price(s)    Volume(s) 
                                                                              GBPNil      35,712 options 
                                                                                           vesting 
 
                                                                               GBP2.883    16,844 shares 
                                                                                           sold to settle 
                                                                                           tax and NI 
                                                                               GBPNil 
                                                                                           18,868 shares 
                                                                                           acquired 
                                                                             ----------  ---------------- 
d)  Aggregated information                                     Transaction   Price(s)   Volume(s)   Total 
                                                                Sale          GBP2.883   16,844      GBP48,561 
                                                                             ---------  ----------  ---------- 
 
 
1.  Details of the person discharging managerial responsibilities/person closely associated 
a)  Name                                                      George Stewart 
2.  Reason for the notification 
a)  Position/status                                           PDMR (Operations Director) 
b)  Initial notification/Amendment                            Initial notification 
3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
a)  Name                                                      Forterra plc 
b)  LEI                                                       5299007SD2PDQMKM5278 
4.  Details of the transaction(s): 
a)  Description of the financial instrument, type of          Ordinary Shares of 1p each 
    instrument 
    Identification code                                        GB00BYYW3C20 
b)  Nature of the transaction                                 Acquisition of shares for no consideration pursuant to 
                                                              the exercise of nominal cost options 
                                                              (with the 1p option cost waived by the Company) granted 
                                                              under the PSP on 31 May 2016 and vesting 
                                                              on 26 April 2019 along with options granted under the 
                                                              DABP granted on 1 June 2016 and vesting 
                                                              on 26 April 2018 
c)  Price(s) and volume(s)                                     Transaction   Price(s)    Volume(s) 
                                                                              GBPNil      41,794 options 
                                                                                           vesting 
 
                                                                               GBP2.883    19,713 shares 
                                                                                           sold to settle 
                                                                                           tax and NI 
                                                                               GBPNil 
                                                                                           22,081 shares 
                                                                                           acquired 
                                                                             ----------  ---------------- 
d)  Aggregated information                                     Transaction   Price(s)   Volume(s)   Total 
                                                                Sale          GBP2.883   19,713      GBP56,833 
                                                                             ---------  ----------  ---------- 
1.  Details of the person discharging managerial responsibilities/person closely associated 
a)  Name                                                      Shatish Dasani 
2.  Reason for the notification 
a)  Position/status                                           PDMR (Chief Financial Officer) 
b)  Initial notification/Amendment                            Initial notification 
3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
a)  Name                                                      Forterra plc 
b)  LEI                                                       5299007SD2PDQMKM5278 
4.  Details of the transaction(s): 
a)  Description of the financial instrument, type of          Ordinary Shares of 1p each 
    instrument 
    Identification code                                        GB00BYYW3C20 
b)  Nature of the transaction                                 Acquisition of shares for no consideration pursuant to 
                                                              the exercise of nominal cost options 
                                                              (with the 1p option cost waived by the Company) granted 
                                                              under the PSP on 31 May 2016 and vesting 
                                                              on 26 April 2019 
c)  Price(s) and volume(s)                                     Transaction   Price(s)    Volume(s) 
                                                                              GBPNil      122,443 options 
                                                                                           vesting 
 
                                                                               GBP2.825    57,751 shares 
                                                                                           sold to settle 
                                                                                           tax and NI 
                                                                               GBPNil 
                                                                                           64,692 shares 
                                                                                           acquired 
                                                                             ----------  ---------------- 
d)  Aggregated information                                     Transaction   Price(s)   Volume(s)   Total 
                                                                Sale          GBP2.825   57,751      GBP163,147 
                                                                             ---------  ----------  ----------- 
 

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

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May 10, 2019 10:08 ET (14:08 GMT)

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