Last checked at 26 May 2020 14:25
26 May 2020
Forterra plc (the "Company")
Director / PDMR Shareholdings
Further to the maturity of the Forterra 2016 Save As You Earn Scheme (SAYE) on 1 December 2019, on 26 May 2020 the Company was notified by the scheme's administrators, Link Group, of the following PDMR transaction. The PDMR 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 |
Adam Smith | Commercial Director | PDMR | 13,333 | £1.35 | 13,333 | < 1% |
The exercise price of £1.35 was set upon the launch of the scheme in 2016 in line with HMRC rules.
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 |
Ashley Thompson (Company Secretary) |
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FTI Consulting: | +44 (0) 20 3727 1340 |
Richard Mountain/Nick Hasell |
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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 | Adam Smith | ||||||||
2. | Reason for the notification | |||||||||
a) | Position/status | PDMR (Commercial 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 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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