Director/PDMR Shareholding

RNS Number : 4152V

Forterra plc

03 December 2019

 

3 December 2019

Forterra plc (the "Company")

Director / PDMR Shareholdings

Following the maturity of the Forterra 2016 Save As You Earn Scheme (SAYE) on 1 December 2019, the Company was notified by the scheme's administrators, Link Group, of the following PDMR transactions. The PDMR's 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
Stephen Harrison	Chief Executive Officer	PDMR	13,333	£1.35	147,865	< 1%
Shatish Dasani	Chief Financial Officer	PDMR	13,333	£1.35	190,808	< 1%
Ben Guyatt	Director of Finance	PDMR	13,333	£1.35	37,757	< 1%

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

Shatish Dasani immediately transferred 6,333 of his newly acquired shares to his wife, Mrs Dina Dasani.

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

Enquiries

Forterra plc:	[phone]
Ben Guyatt (Company Secretary)
FTI Consulting:	[phone]
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	Stephen Harrison
2.	Reason for the notification
a)	Position/status	PDMR (Chief Executive Officer)
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

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Shatish Dasani
2.	Reason for the notification
a)	Position/status	PDMR (Chief Financial Officer)
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

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ben Guyatt
2.	Reason for the notification
a)	Position/status	PDMR (Director of Finance and Company Secretary)
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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