Grant of Options under 2023 SAYE Scheme

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 £500 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 £0.01 each.  The exercise price which was set in accordance with HM Revenue and Customs rules was £1.32 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:	[phone]
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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