Director/PDMR Shareholding
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Following the vesting on 17 March 2025 of share options granted to Executive Directors under the 2022 Deferred Annual Bonus Plan ("DABP"), the Company was notified on the 24 March 2025 that on 20 March 2025 the following exercise and sale transactions took place:
Ben Guyatt, Chief Financial Officer exercised options granted under the DABP as laid out below selling sufficient shares to cover the appropriate tax and national insurance liabilities with the balance being retained.
| Name | Status | No. of shares exercised | Sale Date | Number of shares sold | Price | Number of shares retained | Total Shareholding | % of ISC |
|---|---|---|---|---|---|---|---|---|
| Ben Guyatt | PDMR | 68,093 | 20/3/2025 | 32,117 | £1.63 | 35,976 | 149,698 | < 1% |
The 2022 DABP awards represent the deferral into ordinary shares of part of the Executive Directors' 2021 bonus entitlements under the rules of the scheme subject to the participant being an employee at the time of vesting. No consideration was paid for the grant of the awards which are structured as nominal (1p) cost options although this sum was waived by the Company on exercise. The number of options exercised also includes a dividend equivalent in addition to the options initially granted in accordance with the rules of the scheme.
No new shares were issued in respect of these transactions with shares being transferred to the individuals from the Forterra Employee Benefit Trust.
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