Grant under Performance Share Plan

RNS Number : 4416D

Forterra plc

26 April 2017

 

26 April 2017

Forterra plc

Grant under Performance Share Plan

Forterra plc (the "Company") announces that on 25 April awards over ordinary shares of £0.01 each in the capital of the Company were granted to certain Directors and persons discharging managerial responsibility ("PDMRs") under the Forterra plc Performance Share Plan ("PSP") as follows:

Name of Director / PDMR	Number of Shares over which the Award is granted
Stephen Harrison	241,534
Shatish Dasani	144,921
Benjamin Guyatt	42,269
Matthew Clay	33,500
George Stewart	33,500
Adam Smith	33,500
Edward Haslam	33,500
Other management	97,400
Total	660,124

No consideration was paid for the grant of the awards which are structured as nominal cost options at an option exercise price of £0.01 per Ordinary Share. The number of Ordinary Shares granted under the award has been calculated using a share price of 211.15 pence being an average mid-market quotation as derived from the London Stock Exchange Daily Official List for the last 5 days of trading.

The vesting of an award is subject to the satisfaction of performance conditions which have been set by the Remuneration Committee of the Board of Directors of the Company. The awards will normally vest on 25 April 2020, subject to the achievement of the performance conditions and the participant being a director or employee within the Company's group at that time. Further information regarding the PSP is set out in the Annual Report and Accounts.

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

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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