FORTERRA PLC

Remuneration Information • Apr 3, 2024

National Storage Mechanism | Additional information

RNS Number : 1976J

Forterra plc

03 April 2024

3rd April 2024

Forterra plc

Forterra plc (the "Company")

Director / PDMR Shareholdings

Following the vesting on 17 September 2023 of share options granted to management under the 2020 Performance Share Plan (PSP), the Company was notified on the 3 April 2024 that on the 28 March 2024 the following exercise and sale transactions took place:

Ben Guyatt exercised options granted under the PSP as laid out below selling sufficient shares to cover the appropriate tax and national insurance liabilities.

Name	Status	No. of share options exercised	Sale Date	Number of shares sold	Price	Number of shares retained	Beneficial interest	% of ISC
Ben Guyatt	PDMR	125,723	28/03/24	59,298	£1.726	66,425	101,642	< 1%

The 2020 PSP awards were granted with all of the awards subject to an TSR performance condition. The TSR performance condition vested at 53.9%. The Remuneration Committee determined that, in accordance with the rules of the scheme, participants would receive dividend equivalent shares at the rate of 0.1437 additional share for every vesting share.  The Remuneration Committee also agreed to waive the 1p per option cost upon exercise.   

The shares to be retained by management are to be transferred to management by the Employee Benefit Trust.

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

Enquiries

Forterra plc:	+44 (0) 1604 707 600
Frances Tock (Company Secretary)
FTI Consulting :	+44 (0) 20 3727 1340
Richard Mountain/Nick Hasell

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

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ben Guyatt

2.

Reason for the notification

a)

Position/status

PDMR (Chief Financial Officer)

b)

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Forterra plc

b)

LEI

213800O5DD6ATBVJAD23

4.

Details of the transaction(s):

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 1p each

GB00BYYW3C20

b)

Nature of the transaction

Acquisition of shares for no consideration pursuant to the exercise of nominal cost options (with the 1p option cost waived by the Company) granted under the PSP scheme on 17 September 2020 and vesting on 17 September 2023

c)

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
	£Nil £1.726 £Nil	125,723 options vesting 59,298 shares sold to settle tax and NI 66,425 shares acquired

d)

Aggregated information

Transaction	Price(s)	Volume(s)	Total
Sale	£1.726	59,298	£102,348

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