Director/PDMR Shareholding

RNS Number : 0248P

Forterra plc

15 February 2021

 

15 February 2021

Forterra plc (the "Company")

Director / PDMR Shareholdings

The Company was notified on 10 February 2021 that the following directors of the Company and persons discharging managerial responsibility ("PDMRs") in the Company were each awarded 184 ordinary shares of 0.01 each in the capital of the Company (the "Ordinary Shares") at no cost on 10 February 2021 in accordance with the terms of the Company's Share Incentive Plan (the "SIP").

Under the SIP, 184 Ordinary Shares, with a current market value of c£500 will be awarded to each eligible employee of the Group at no cost through Link Market Services Trustees Limited, as trustee of the Trust established to satisfy awards made under the SIP to employees of the Company and its subsidiary undertakings (the "Trustee").

On 10 February the Company was notified that the Trustee had acquired 292,960 Ordinary Shares in the market between the 5 February and 10 February at an average price of 271 pence per share bringing the total number of Ordinary Shares held by the Trust to 515,045 in order to satisfy awards to employees under the SIP. 

The SIP shares remain held in Trust for the benefit of employees for a period of three years subject to the employee's continued service and can be removed from the Trust subject to tax and national insurance after this time period, or alternatively can be held in Trust for a period of five years after which no tax and national insurance is payable. 

Directors:
Stephen Harrison
Ben Guyatt

PDMRs:
Peter Varnsverry
Adam Smith
George Stewart

Matthew Day

Shahbaz Idriss

Darren Rix

Ashley Thompson

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

Enquiries

Forterra plc:	[phone]
Ashley Thompson (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

 

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