Grant of Options under 2020 SAYE Scheme

RNS Number : 6894B

Forterra plc

09 October 2020

 

9 October 2020

Forterra plc

Grant of Options under 2020 SAYE Scheme

Forterra plc (the "Company") is pleased to announce that it has granted options under its Employee 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 8 October 2020 the Company granted options over 5,927,340   ordinary shares of £0.01 each. The exercise price which was set in accordance with HM Revenue and Customs rules was £1.49 per share.  The options have a contract start date of 1 December 2020 and are exercisable between 1 December 2023 and 31 May 2024.  The exercise of options on maturity is not dependent upon performance criteria.

Within the options described above, options were granted to the following Persons Discharging Managerial Responsibilities (PDMRs) 

PDMR	Number of options granted
Stephen Harrison (Chief Executive Officer)	12,080
Ben Guyatt (Chief Financial Officer)	12,080
George Stewart (Operations Director)	12,080
Adam Smith (Commercial Director)	12,080
Shahbaz Idriss (HR Director)	12,080
Darren Rix (Strategy and Development Director)	12,080
Matt Day (IT Director)	12,080
Peter Varnsverry (Managing Director Bison Precast)	12,080
Ashley Thompson (Company Secretary)	12,080

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

Enquiries

Forterra plc:	[phone]
Benjamin Guyatt (CFO)
Ashley Thompson (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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