London Stock Exchange welcomes Forterra plc
LONDON STOCK EXCHANGE WELCOMES FORTERRA PLC
The London Stock Exchange today welcomed Forterra plc to an opening ceremony, following its successful admission to trading on the 26 April 2016.
Forterra plc is the leading producer of manufactured masonry products with exclusive focus on the UK market. It has a unique combination of leading market positions in clay bricks and concrete blocks, complemented by a portfolio of bespoke construction products, many of which are made-to-measure or customised.
Forterra’s industry-recognised brands, include the iconic Fletton brick which is sold under the London Brick brand and used in 23% of UK housing stock.
The market was opened today by Stephen Harrison, Chief Executive Officer of Forterra plc, who commented:
“We are delighted to be here today to mark our admission to the London Stock Exchange. We are excited to begin this new period as an independent company with the listing of our Ordinary Shares on the premium segment of the London Stock Exchange’s main market. We have a well-invested and efficient manufacturing base and a strong capital structure that will enable Forterra to take advantage of the attractive fundamentals of the UK construction industry. We welcome our new shareholders and look forward to the next phase of our development and growth as a listed company.”
Stephen opened the markets alongside his management team, Chief Financial Officer, Shatish Dasani, and board member Justin Atkinson, and was joined by advisors from Deutsche Bank, Credit Suisse, Gibson Dunn, Ernst & Young and FTI Consulting.