Last checked at 25 Oct 2016 10:00
25 October 2016
Forterra plc
Grant of Options under 2016 Sharesave Scheme
Forterra plc (the "Company") is pleased to announce that it has launched a Sharesave Scheme ("the Scheme") which is open to all employees subject to certain requirements. Participants can choose to save up to £500 per month over a 3 year period.
Pursuant to the Scheme, on 24 October the Company granted options over 4,711,403 ordinary shares of £0.01 each (ISIN GB00BYYW3C20). The exercise price which was set in accordance with HM Revenue and Customs rules was £1.35 per share. The options have a contract start date of 1 December 2016 and are exercisable between 1 December 2019 and 1 June 2020. The exercise of options on maturity is not dependent upon performance criteria.
As part of the Scheme described above, options were granted to the following Executive Directors and Persons Discharging Managerial Responsibility (PDMRs).
Name of Director / PDMR | Number of options granted |
Stephen Harrison | 13,333 |
Shatish Dasani | 13,333 |
Benjamin Guyatt | 13,333 |
Matthew Clay | 5,333 |
George Stewart | 13,333 |
Adam Smith | 13,333 |
The above notification is intended to satisfy the Company's obligations under Article 19 of Regulation (EU) No 596/2014.
Enquiries
Forterra plc: | +44 (0) 1604 707 600 |
Shatish Dasani (CFO) | |
Benjamin Guyatt (Company Secretary) | |
FTI Consulting (public relations adviser to Forterra): | +44 (0) 20 3727 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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