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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 |
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.
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(END) Dow Jones Newswires
May 10, 2019 10:08 ET (14:08 GMT)
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