Grant under Deferred Annual Bonus Plan
Executive Directors granted deferred bonus awards totalling 99,619 shares under DABP scheme.
- Neil Ash award 58,059 shares
- Ben Guyatt award 41,559 shares
- Total awards 99,619 shares
- Exercise price £0.01 per share
- Share price used £1.605
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Forterra plc (the "Company") announces that, on 19 March 2025, share option awards over ordinary shares of £0.01 each in the capital of the Company were granted to Executive Directors under the Forterra plc Deferred Annual Bonus Plan ("DABP") as follows:
| Name of Director | Number of shares over which the award is granted |
|---|---|
| Neil Ash - Chief Operating Officer | 58,059 |
| Ben Guyatt - Chief Financial Officer | 41,559 |
| Total | 99,619 |
These awards represent the deferral into ordinary shares of part of the Executive Directors' 2024 bonus entitlements under the rules of the Scheme.
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 £1.605 being an average of the closing mid-market share price for the five days commencing on 12 March 2025 being the date of announcing the Company's 2024 results.
The awards will normally vest on 19 March 2028, subject to the participant being an employee of the Company at that time. Once vested, the award shall normally remain exercisable until the day before the tenth anniversary of the date of grant. Further terms and conditions of the DABP are set out in the Annual Report and Accounts.
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