Director/PDMR Shareholding

RNS Number : 9625N
Forterra plc
26 May 2020
 

26 May 2020

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 26 May 2020 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

Adam Smith

Commercial Director

PDMR

13,333

£1.35

13,333

< 1%

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

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

Ashley Thompson (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

Adam Smith

2.

Reason for the notification

a)

Position/status

PDMR (Commercial 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

 

 

13,333 options maturing

 

d)

Aggregated information

 

Transaction

Price(s)

Volume(s)

Total

 Purchase

£1.35

13,333

£18,000

 

 

 

 


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Companies

Forterra (FORT)
UK 100