Last checked at 9 Oct 2020 15:45
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 £500 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 £0.01 each. The exercise price which was set in accordance with HM Revenue and Customs rules was £1.49 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: | +44 (0) 1604 707 600 |
Benjamin Guyatt (CFO) | |
Ashley Thompson (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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