FORTERRA PLC

Director's Dealing • Jan 2, 2025

National Storage Mechanism | Additional information

RNS Number : 9422R

Forterra plc

02 January 2025

2nd January 2025

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 31 December 2024 that on the 30 December 2024 the following exercise and sale transactions took place:

Adam Smith 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
Adam Smith	PDMR	35,617	30/12/2024	16,799	£1.598	18,818	115,830	< 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

Adam Smith

2.

Reason for the notification

a)

Position/status

PDMR (Commercial Director)

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 £1.598 £Nil	35,617 options vesting 16,799 shares sold to settle tax and NI 18,818 shares acquired

d)

Aggregated information

Transaction	Price(s)	Volume(s)	Total
Sale	£1.598	16,799	£26,844.80

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