FORT.L

Forterra Plc
Forterra plc - Grant of Options under 2024 SAYE Scheme
2nd October 2024, 16:35
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RNS Number : 7213G
Forterra plc
02 October 2024
 

3 October 2024

Forterra plc

Grant of Options under 2024 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 2 October 2024 the Company granted options over 1,532,961 ordinary shares of £0.01 each.  The exercise price which was set in accordance with HM Revenue and Customs rules was £1.40 per share.  The options have a contract start date of 1 December 2024 and are exercisable between 1 December 2027 and 31 May 2028.  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

Mark Davies (Group Manufacturing Director)

13,250

 

Enquiries

Forterra plc:

+44 (0) 1604 707 600

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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