Grant of Options under 2017 SAYE Scheme

RNS Number : 1660T

Forterra plc

10 October 2017

 

10 October 2017

Forterra plc

Grant of Options under 2017 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 chose to save up to £500 per month over a 3 year period.  Pursuant to the scheme, on 9 October 2017 the Company granted options over 1,299,743 ordinary shares of £0.01 each. The exercise price which was set in accordance with HM Revenue and Customs rules was £2.22 per share.   The options have a contract start date of 1 December 2017 and are exercisable between 1 December 2020 and 1 June 2021.  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
Edward Haslam	4,054
Darren Rix	3,243

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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MSCUROBRBSARARA