REG - Forterra plc - Director/PDMR Shareholding

ForterraAnnouncement

26/05/2020 14:30

RNS Number : 9625N
  
Forterra plc
  
26 May 2020
  
 

26 May 2020
Forterra plc (the "Company")
Director / PDMR Shareholdings
Further to the maturity of the Forterra 2016 Save As You Earn Scheme (SAYE) on 1 December 2019, on 26 May 2020 the Company was notified by the scheme's administrators, Link Group, of the following PDMR transaction. The PDMR listed below exercised options over the share capital of the Company as follows:   




Name


Role


Status


No. of options exercised


Exercise Price


Beneficial interest


% of ISC




Adam Smith


Commercial Director


PDMR


13,333


£1.35


13,333


< 1%




The exercise price of £1.35 was set upon the launch of the scheme in 2016 in line with HMRC rules.  
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




Ashley Thompson (Company Secretary)


 




 


 




FTI Consulting:


+44 (0) 20 3727 1340




Richard Mountain/Nick Hasell


 




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




1. 


Details of the person discharging managerial responsibilities/person closely associated 




a)


Name


Adam Smith




2. 


Reason for the notification 




a)


Position/status


PDMR (Commercial Director)




b)


Initial notification/Amendment


Initial notification




3. 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Forterra plc




b)


LEI 


5299007SD2PDQMKM5278




4. 


Details of the transaction(s): 




a)


Description of the financial instrument, type of instrument
Identification code


Ordinary Shares of 1p each
 
GB00BYYW3C20




b)


Nature of the transaction


Exercise of share options with an exercise price of £1.35p under the Forterra SAYE scheme




c)


Price(s) and volume(s)






Transaction


Price(s)


Volume(s)




 Purchase 


£1.35
 
 


13,333 options maturing
 








d)


Aggregated information
 






Transaction


Price(s)


Volume(s)


Total




 Purchase


£1.35


13,333


£18,000








 
 
 
 


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