Grant of Options under 2016 Sharesave Scheme

RNS Number : 3911N

Forterra plc

25 October 2016

 

25 October 2016

Forterra plc

Grant of Options under 2016 Sharesave Scheme

Forterra plc (the "Company") is pleased to announce that it has launched a Sharesave Scheme ("the Scheme") which is open to all employees subject to certain requirements.  Participants can choose to save up to £500 per month over a 3 year period.

Pursuant to the Scheme, on 24 October the Company granted options over 4,711,403 ordinary shares of £0.01 each (ISIN GB00BYYW3C20). The exercise price which was set in accordance with HM Revenue and Customs rules was £1.35 per share. The options have a contract start date of 1 December 2016 and are exercisable between 1 December 2019 and 1 June 2020. The exercise of options on maturity is not dependent upon performance criteria.

As part of the Scheme described above, options were granted to the following Executive Directors and Persons Discharging Managerial Responsibility (PDMRs).

Name of Director / PDMR	Number of options granted
Stephen Harrison	13,333
Shatish Dasani	13,333
Benjamin Guyatt	13,333
Matthew Clay	5,333
George Stewart	13,333
Adam Smith	13,333

The above notification is intended to satisfy the Company's obligations under Article 19 of Regulation (EU) No 596/2014.

Enquiries

Forterra plc:	[phone]
Shatish Dasani (CFO)
Benjamin Guyatt (Company Secretary)
FTI Consulting (public relations adviser to Forterra):	[phone]
Richard Mountain
Nick Hasell

Forterra plc

Further information relating to the Company and its group can be found at www.forterraplc.co.uk.

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