Employee Benefit Trust Share Purchase
Forterra plc announced on October 13, 2025, that the Forterra Employee Benefit Trust will begin purchasing ordinary shares of 1p each, starting October 8, 2025. This is part of a planned monthly share purchase program expected to continue until the end of 2026, with approximately 150,000 shares to be purchased each month. These shares will be used to settle awards under the company's employee share schemes, including the Performance Share Plan, the Deferred Annual Bonus Plan, and the Sharesave Plan. Currently, the Trust holds 1,809,279 ordinary shares, representing 0.85% of the company's voting rights.
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Forterra plc (the "Company") announces that on 8 October 2025 it was agreed that Apex Financial Services (Jersey) Limited acting as Trustee of the Forterra Employee Benefit Trust (the "Trust") will commence the purchase of ordinary shares of 1p each in the Company as part of a planned programme of monthly share purchases which is expected to last until the end of 2026.
It is expected that approximately 150,000 shares will be purchased each month under this programme. These shares will ultimately be used by the Trust for the settlement of awards granted under the Company's employee share schemes, namely the Performance Share Plan (PSP), the Deferred Annual Bonus Plan (DABP) and the Sharesave Plan (SAYE).
At the date of this announcement the Trust held 1,809,279 ordinary shares in the Company representing 0.85% of the Company's current voting rights.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.