Forterra plc Grant of Options under 2020 SAYE Scheme (6894B)

TIDMFORT

RNS Number : 6894B

Forterra plc

09 October 2020

9 October 2020

Forterra plc

Grant of Options under 2020 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 choose to save up to GBP500 per month over a 3 year period. Pursuant to the scheme, on 8 October 2020 the Company granted options over 5,927,340 ordinary shares of GBP0.01 each. The exercise price which was set in accordance with HM Revenue and Customs rules was GBP1.49 per share. The options have a contract start date of 1 December 2020 and are exercisable between 1 December 2023 and 31 May 2024. 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 
 Stephen Harrison (Chief Executive 
  Officer)                                    12,080 
                                        ------------------ 
 Ben Guyatt (Chief Financial 
  Officer)                                    12,080 
                                        ------------------ 
 George Stewart (Operations Director)         12,080 
                                        ------------------ 
 Adam Smith (Commercial Director)             12,080 
                                        ------------------ 
 Shahbaz Idriss (HR Director)                 12,080 
                                        ------------------ 
 Darren Rix (Strategy and Development 
  Director)                                   12,080 
                                        ------------------ 
 Matt Day (IT Director)                       12,080 
                                        ------------------ 
 Peter Varnsverry (Managing Director 
  Bison Precast)                              12,080 
                                        ------------------ 
 Ashley Thompson (Company Secretary)          12,080 
                                        ------------------ 
 

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

Enquiries

 
 Forterra plc:                               [phone] 
 Benjamin Guyatt (CFO) 
 Ashley Thompson (Company Secretary) 
 
 FTI Consulting (public relations adviser 
  to Forterra):                              [phone] 
 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 09, 2020 10:45 ET (14:45 GMT)