TIDMFORT

RNS Number : 4648U

Forterra plc

29 March 2019

29 March 2019

Forterra plc

Grant under Deferred Annual Bonus Plan

Forterra plc (the "Company") announces that, on 29 March 2019, share option awards over ordinary shares of GBP0.01 each in the capital of the Company were granted to Executive Directors under the Forterra plc Deferred Annual Bonus Plan ("DABP") as follows:

 
Name of Director                  Number of shares over which the award is granted 
Stephen Harrison                                                            35,652 
Shatish Dasani                                                              25,468 
Total                                                                       61,120

These awards represent the deferral into ordinary shares of part of the Executive Directors' 2018 bonus entitlements under the rules of the Scheme.

No consideration was paid for the grant of the awards which are structured as nominal cost options at an option exercise price of GBP0.01 per ordinary share. The number of ordinary shares granted under the award has been calculated using a share price of GBP2.959 being an average of the closing mid-market share price for the five days commencing on 12 March 2019 being the date of announcing the Company's 2018 results.

The awards will normally vest on 12 March 2022, subject to the participant being an employee of the Company at that time. Once vested, the award shall normally remain exercisable until the day before the tenth anniversary of the date of grant. Further terms and conditions of the DABP are 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:                        +44 (0) 1604 707 600 
Shatish Dasani (CFO) 
Ben Guyatt (Company Secretary) 
 
  FTI Consulting (public relations adviser to Forterra):       +44 (0) 20 3727 1340 
Richard Mountain 
Nick Hasell

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHJLMLTMBMTMFL

(END) Dow Jones Newswires

March 29, 2019 05:10 ET (09:10 GMT)

Forterra (LSE:FORT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Forterra Charts.
Forterra (LSE:FORT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Forterra Charts.