Director/PDMR Shareholding

RNS Number : 5610P

Forterra plc

29 May 2018

 

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:	[phone]
Shatish Dasani (CFO)
Ben Guyatt (Company Secretary)
FTI Consulting:	[phone]
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)	Transaction Price(s) Volume(s) (i) Acquisition Nil 12,209 (ii) Sale £3.18 12,209
d)	Aggregated information	Transaction Price(s) Volume(s) Total  (i) Acquisition Nil 12,209 Nil  (ii) Sale £3.18 12,209 £38,824.62

 

END

 

 

DSHPGUGPAUPRGPB