Last checked at 3 Dec 2019 07:00
3 December 2019
Forterra plc (the "Company")
Director / PDMR Shareholdings
Following the maturity of the Forterra 2016 Save As You Earn Scheme (SAYE) on 1 December 2019, the Company was notified by the scheme's administrators, Link Group, of the following PDMR transactions. The PDMR's listed below exercised options over the share capital of the Company as follows:
Name | Role | Status | No. of options exercised | Exercise Price | Beneficial interest | % of ISC |
Stephen Harrison | Chief Executive Officer | PDMR | 13,333 | £1.35 | 147,865 | < 1% |
Shatish Dasani | Chief Financial Officer | PDMR | 13,333 | £1.35 | 190,808 | < 1% |
Ben Guyatt | Director of Finance | PDMR | 13,333 | £1.35 | 37,757 | < 1% |
The exercise price of £1.35 was set upon the launch of the scheme in 2016 in line with HMRC rules.
Shatish Dasani immediately transferred 6,333 of his newly acquired shares to his wife, Mrs Dina Dasani.
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 instrument Identification code | Ordinary Shares of 1p each
GB00BYYW3C20 | ||||||||
b) | Nature of the transaction | Exercise of share options with an exercise price of £1.35p under the Forterra SAYE scheme | ||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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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 instrument Identification code | Ordinary Shares of 1p each
GB00BYYW3C20 | ||||||||
b) | Nature of the transaction | Exercise of share options with an exercise price of £1.35p under the Forterra SAYE scheme | ||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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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 instrument Identification code | Ordinary Shares of 1p each
GB00BYYW3C20 | ||||||||
b) | Nature of the transaction | Exercise of share options with an exercise price of £1.35p under the Forterra SAYE scheme | ||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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