REG - Forterra plc - Grant under Performance Share Plan

ForterraAnnouncement

02/05/2024 11:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240502:nRSB0148Na&default-theme=true

RNS Number : 0148N  Forterra plc  02 May 2024

2 May 2024

Forterra plc

Grant under Performance Share Plan

Forterra plc (the "Company") announces that on 1 May 2024 awards over ordinary
shares of £0.01 each in the capital of the Company were granted to certain
Directors and persons discharging managerial responsibility ("PDMRs") under
the Forterra plc Performance Share Plan ("PSP") as follows:

 Name of Director / PDMR         Number of Shares over which the PSP Award is granted
 Neil Ash                        447,891

 (Chief Executive Officer)
 Ben Guyatt                      267,167

 (Chief Financial Officer)
 George Stewart                  83,846

 (Strategic Projects Director)
 Adam Smith                      83,846

 (Commercial Director)
 Darren Rix                      69,633

 (Strategy Director)
 Steve Jeynes                    68,040

 (Production Director)
 Frances Tock                    15,943

 (Company Secretary)
 Other management                371,407

 Total awards granted            1,407,772

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 £1.632 being an average mid-market quotation as
derived from the London Stock Exchange Daily Official List for the last 5 days
of trading.

The vesting of an award is subject to the satisfaction of performance
conditions which have been set by the Remuneration Committee of the Board of
Directors of the Company and are set out below:

The awards will normally vest on 1 May 2027, subject to the achievement of the
performance conditions and the participant being a director or employee within
the Company's group at that time.

The above notification is intended to satisfy the Company's obligations under
Article 19 of the Market Abuse Regulations and Listing Rule 9.4.2R.

Enquiries

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

 FTI Consulting (public relations adviser to Forterra):  +44 (0) 20 3727 1340
 Richard Mountain
 Nick Hasell

Further information relating to the Company and its group can be found at:
www.forterra.co.uk/investors

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHGCGDUSSGDGSD