Forterra plc Grant of Options under 2018 SAYE Scheme (9657C)
October 04 2018 - 3:58AM
UK Regulatory
TIDMFORT
RNS Number : 9657C
Forterra plc
04 October 2018
4 October 2018
Forterra plc
Grant of Options under 2018 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 GBP500 per month over a 3 year
period. Pursuant to the scheme, on 3 October 2018 the Company
granted options over 891,902 ordinary shares of GBP0.01 each. The
exercise price which was set in accordance with HM Revenue and
Customs rules was GBP2.18 per share. The options have a contract
start date of 1 December 2018 and are exercisable between 1
December 2021 and 1 June 2022. 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 (HR Director) 2,477
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The above notification is intended to satisfy the Company's
obligations under Article 19 of the Market Abuse Regulations
Enquiries
Forterra plc: +44 (0) 1604 707 600
Shatish Dasani (CFO)
Benjamin Guyatt (Company Secretary)
FTI Consulting (public relations adviser
to Forterra): +44 (0) 20 3727 1340
Richard Mountain
Nick Hasell
Forterra plc
Further information relating to the Company and its group can be
found at www.forterraplc.co.uk.
END
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END
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