Director/PDMR Shareholding

RNS Number : 0534W

Forterra plc

06 December 2019

 

6 December 2019

Forterra plc (the "Company")

Director / PDMR Shareholdings

Further to the maturity of the Forterra 2016 Save As You Earn Scheme (SAYE) on 1 December 2019, on 4 December 2019 the Company was notified by the scheme's administrators, Link Group, of the following PDMR transaction. The PDMR listed below exercised options over the share capital of the Company as follows:  

Name	Role	Status	No. of options exercised	Exercise Price	Beneficial interest	% of ISC
Darren Rix	Strategy and Development Director	PDMR	8,000	£1.35	11,117	< 1%

The exercise price of £1.35 was set upon the launch of the scheme in 2016 in line with HMRC rules. 

In addition, on 4 December 2019, the scheme administrators also informed Company that they had executed the following transaction.  

Name	Role	Status	No. of shares sold	Sale price	Beneficial interest	% of ISC
Ben Guyatt	Director of Finance and Company Secretary	PDMR	7,800	2.89	29,957	< 1%

These shares were initially acquired through the exercise of SAYE options as disclosed on 3 December 2019.

The above notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulations.

Enquiries

Forterra plc:	[phone]
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	Darren Rix
2.	Reason for the notification
a)	Position/status	PDMR (Strategy and Development Director)
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	Exercise of share options with an exercise price of £1.35p under the Forterra SAYE scheme
c)	Price(s) and volume(s)	Transaction Price(s) Volume(s)  Purchase £1.35 8,000 options maturing
d)	Aggregated information	Transaction Price(s) Volume(s) Total  Purchase £1.35 8,000 £10,800

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ben Guyatt
2.	Reason for the notification
a)	Position/status	PDMR (Director of Finance and Company Secretary)
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	Sale of shares received under SAYE scheme
c)	Price(s) and volume(s)	Transaction Price(s) Volume(s)  Sale £2.89 7,800
d)	Aggregated information	Transaction Price(s) Volume(s) Total Sale £2.89 7,800 £22,542

 

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