Grant of Options under 2023 SAYE Scheme
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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 4 October 2023 the Company granted options over 5,583,774 ordinary shares of £0.01 each. The exercise price which was set in accordance with HM Revenue and Customs rules was £1.32 per share. The options have a contract start date of 1 December 2023 and are exercisable between 1 December 2026 and 31 May 2027. 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 |
|---|---|
| Neil Ash (Chief Executive Officer) | 14,053 |
| Ben Guyatt (Chief Financial Officer) | 14,053 |
| Darren Rix (Strategy Director) | 14,053 |
| Adam Smith (Commercial Director) | 14,053 |
| George Stewart (Technical Projects Director) | 14,053 |
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