Last checked at 29 May 2018 13:22
29 May 2018
Forterra plc
PDMR Shareholdings
Forterra plc (the "Company") was notified on 29 May 2018 that on the same day Matthew Day, IT Director, who is defined as a Person Discharging Management Responsibilities (PDMR) exercised share options over the Company's ordinary shares of 1p each ("ordinary shares") granted under the Forterra Deferred Annual Bonus Plan.
The options were granted as nominal (1p) cost options although this sum was waived by the Company on exercise. The number of options exercised also includes a dividend equivalent in addition to the options initially granted in accordance with the rules of the scheme. On exercise, all shares were immediately sold.
No new shares were issued in respect of these transactions with the shares being transferred to the individuals from the Forterra Employee Benefit Trust.
Name | Number of options exercised | Number of shares transferred to individual after paying tax, NI and transaction costs | Number of shares now beneficially held by individual |
Matthew Day | 12,209 | Nil | Nil |
Enquiries
Forterra plc: | +44 (0) 1604 707 600 |
Shatish Dasani (CFO) | |
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 | Matthew Day | ||||||||||||
2. | Reason for the notification | |||||||||||||
a) | Position/status | IT Director (PDMR) | ||||||||||||
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 | (i) Acquisition of 12,209 shares in the Company following the vesting of an award granted under the DABP on 1 June 2016; and (ii) subsequent sale of all of these shares | ||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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