FORTERRA PLC

Remuneration Information • Mar 28, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2632J

Forterra plc

28 March 2018

28 March 2018

Forterra plc 

Grant under Deferred Annual Bonus Plan

Forterra plc (the "Company") announces that, on 28 March 2018, share option awards over ordinary shares of £0.01 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	42,167
Shatish Dasani	34,823
Total	76,990

These awards represent the deferral into ordinary shares of part of the Executive Directors' 2017 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 £0.01 per ordinary share. The number of ordinary shares granted under the award has been calculated using a share price of £3.014 being an average of the closing mid-market share price for the five days commencing on 14 March 2018 being the date of announcing the Company's 2017 results.   

The awards will normally vest on 14 March 2021, 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)

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHJPMBTMBTTBRP