Forterra plc Grant of Options under 2017 SAYE Scheme (1660T)

TIDMFORT

RNS Number : 1660T

Forterra plc

10 October 2017

10 October 2017

Forterra plc

Grant of Options under 2017 SAYE Scheme

Forterra plc (the "Company") is pleased to announce that it has granted options under its Employee Sharesave Scheme ("the Scheme") which is open to all employees subject to certain requirements. Participants can chose to save up to GBP500 per month over a 3 year period. Pursuant to the scheme, on 9 October 2017 the Company granted options over 1,299,743 ordinary shares of GBP0.01 each. The exercise price which was set in accordance with HM Revenue and Customs rules was GBP2.22 per share. The options have a contract start date of 1 December 2017 and are exercisable between 1 December 2020 and 1 June 2021. The exercise of options on maturity is not dependent upon performance criteria.

Within the options described above, options were granted to the following Persons Discharging Managerial Responsibilities (PDMRs)

 
 PDMR             Number of options 
                   granted 
---------------  ------------------ 
 Edward Haslam    4,054 
---------------  ------------------ 
 Darren Rix       3,243 
---------------  ------------------ 
 

The above notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulations

Enquiries

 
                                     [phone] 
 Forterra plc:                        600 
 Shatish Dasani (CFO) 
 Benjamin Guyatt (Company 
  Secretary) 
 
 FTI Consulting (public relations    [phone] 
  adviser to Forterra):               1340 
 Richard Mountain 
 Nick Hasell 
 

Forterra plc

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

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October 10, 2017 03:36 ET (07:36 GMT)