TIDMFORT

RNS Number : 8843O

Forterra plc

05 October 2023

5 October 2023

Forterra plc

Grant of Options under 2023 SAYE Scheme

Forterra plc (the "Company") is pleased to announce that it has granted options under its Employee Sharesave Scheme (the "Scheme") which is open to all employees subject to certain requirements. Participants can choose to save up to GBP500 per month over a 3 year period. Pursuant to the scheme, on 4 October 2023 the Company granted options over 5,583,774 ordinary shares of GBP0.01 each. The exercise price which was set in accordance with HM Revenue and Customs rules was GBP1.32 per share. The options have a contract start date of 1 December 2023 and are exercisable between 1 December 2026 and 31 May 2027. The exercise of options on maturity is not dependent upon performance criteria.

Within the options described above, options were granted to the following Persons Discharging Managerial Responsibilities (PDMRs)

 
 PDMR                                    Number of options 
                                          granted 
 Neil Ash (Chief Executive Officer)           14,053 
                                        ------------------ 
 Ben Guyatt (Chief Financial Officer)         14,053 
                                        ------------------ 
 Darren Rix (Strategy Director)               14,053 
                                        ------------------ 
 Adam Smith (Commercial Director)             14,053 
                                        ------------------ 
 George Stewart (Technical Projects 
  Director)                                   14,053 
                                        ------------------

Enquiries

 
Forterra plc :                     +44 (0) 1604 707 600 
Ben Guyatt (CFO) 
Frances Tock (Company Secretary)

Forterra plc

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

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END

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(END) Dow Jones Newswires

October 05, 2023 12:04 ET (16:04 GMT)

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