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 (Chief Executive Officer) | 447,891 |
| Ben Guyatt (Chief Financial Officer) | 267,167 |
| George Stewart (Strategic Projects Director) | 83,846 |
| Adam Smith (Commercial Director) | 83,846 |
| Darren Rix (Strategy Director) | 69,633 |
| Steve Jeynes (Production Director) | 68,040 |
| Frances Tock (Company Secretary) | 15,943 |
| 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
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