27 Apr 2018 13:14
27 April 2018
Forterra plc
PDMR Shareholdings
Forterra plc (the "Company") was notified on 26 April 2018 that on the same day Matthew Clay, Managing Director, Bespoke Products and Darren Rix, Strategy and Development Director both of whom are defined as Persons Discharging Management Responsibilities (PDMR's) 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, sufficient shares were immediately sold to cover tax, NI and transaction costs.
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 Clay | 18,779 | 9,921 | 9,921 |
Darren Rix | 11,768 | 6,217 | 6,217 |
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 Clay | ||||||||||||
2. | Reason for the notification | |||||||||||||
a) | Position/status | Managing Director Bespoke Products (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 18,779 shares in the Company following the vesting of an award granted under the DABP on 1 June 2016; and (ii) subsequent sale of 8,858 shares to cover PAYE/NI liabilities arising from such vesting. The remainder of the shares (9,921) are being retained | ||||||||||||
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 | Darren Rix | ||||||||||||
2. | Reason for the notification | |||||||||||||
a) | Position/status | Strategy and Development 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 11,768 shares in the Company following the vesting of an award granted under the DABP on 1 June 2016; and (ii) subsequent sale of 5,551 shares to cover PAYE/NI liabilities arising from such vesting. The remainder of the shares (6,217) are being retained | ||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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Forterra (FORT)