FORTERRA PLC

Remuneration Information • Jun 1, 2016

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RNS Number : 7931Z

Forterra plc

01 June 2016

1 June 2016

Forterra plc

Grant under Performance Share Plan

Forterra plc (the "Company") announces that initial 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 Award is granted
Stephen Harrison	277,777
Shatish Dasani	166,666
Benjamin Guyatt	48,611
Matthew Clay	36,169
George Stewart	33,333
Adam Smith	33,333
Total	595,889

These awards represent the Initial Awards which the Company agreed to grant the above named individuals following the admission of the Company's ordinary share capital to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc's main market for listed securities, which occurred on 26 April 2016, as disclosed in the Company's Prospectus dated 21 April 2016 (the "Prospectus").

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 the offer price of £1.80 in connection with the Company's initial public offering, as further described in the Prospectus.

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. The awards will normally vest on 26 April 2019, subject to the achievement of the performance conditions and the participant being a director or employee within the Company's group at that time. Further terms and conditions of the PSP are set out in the Prospectus.

The Company was informed of the above transaction on 31 May 2016 and the above notification is intended to satisfy the Company's obligations under paragraph 3.1.4R of the FCA's Disclosure Rules and Transparency Rules.

Enquiries

Forterra plc:	+44 (0) 1604 707 600
Shatish Dasani (CFO)
Benjamin Guyatt (Company Secretary)
FTI Consulting (public relations adviser to Forterra):	+44 (0) 20 3727 1340
Richard Mountain
Nick Hasell

Forterra plc

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

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This information is provided by RNS

The company news service from the London Stock Exchange

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