Director/PDMR Shareholding

RNS Number : 3668R

Forterra plc

05 July 2022

 

5 July 2022

Forterra plc (the "Company")

Director / PDMR Shareholdings

Following the vesting on 12 March 2022 of share options granted to Executive Directors under the 2019 Deferred Annual Bonus Plan ("DABP"), the Company was notified on the 10 May 2022 that on 9 May 2022 the following exercise and sale transactions took place:

Stephen Harrison, Chief Executive Officer exercised options granted under the DABP as laid out below selling sufficient shares to cover the appropriate tax and national insurance liabilities with the balance being retained.

Name	Status	No. of shares exercised	Sale Date	Number of shares sold	Price	Number of shares retained	Total Shareholding	% of ISC
Stephen Harrison	PDMR	37,891	09/05/22	18,350	£2.365	19,541	285,803	< 1%

The 2019 DABP awards represent the deferral into ordinary shares of part of the Executive Directors' 2018 bonus entitlements under the rules of the scheme subject to the participant being an employee at the time of vesting. No consideration was paid for the grant of the awards which are structured 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.

No new shares were issued in respect of these transactions with shares being transferred to the individuals from the Forterra Employee Benefit Trust.

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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