Grant under Deferred Annual Bonus Plan
Executive Directors granted share options under Deferred Annual Bonus Plan for 2025 bonus deferral.
- Neil Ash award 130,906 shares
- Ben Guyatt award 92,324 shares
- Total shares granted 223,230
- Exercise price £0.01 per share
- Share price used for calculation £162.56
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Forterra plc (the "Company") announces that, on 19 March 2026, 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 | 130,906 |
| Ben Guyatt - Chief Financial Officer | 92,324 |
| Total | 223,230 |
These awards represent the deferral into ordinary shares of part of the Executive Directors' 2025 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 £162.56 being an average of the closing mid-market share price for the five days commencing on 12 March 2026 being the date after announcing the Company's 2025 results.
The awards will normally vest on 19 March 2029, 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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