Forterra plc Grant under Performance Share Plan
May 02 2024 - 5:46AM
RNS Regulatory News
RNS Number : 0148N
Forterra plc
02 May 2024
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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END
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