Grant of Options under 2026 SAYE Scheme
Forterra plc has granted options for 3,975,244 ordinary shares under its 2026 Employee Sharesave Scheme, with an exercise price of £1.15 per share, exercisable between December 1, 2029, and May 31, 2030. Options were also granted to Persons Discharging Managerial Responsibilities, including the Chief Executive Officer, Chief People Officer, Chief Operating Officer, Group Commercial Director, and Company Secretary, with the exercise of these options not dependent on performance criteria.
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Forterra plc ("Forterra" or the "Company"), a leading UK manufacturer of essential clay and concrete building products, 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 1 October 2026 the Company granted options over 3,975,244 ordinary shares of £0.01 each. The exercise price which was set in accordance with HM Revenue and Customs rules was £1.15 per share. The options have a contract start date of 1 December 2026 and are exercisable between 1 December 2029 and 31 May 2030. The exercise of options on maturity is not dependent upon performance criteria.
| PDMR | Number of options granted |
|---|---|
| Neil Ash (Chief Executive Officer) | 15,826 |
| Sarah Renton (Chief People Officer) | 4,747 |
| Mark Davies (Chief Operating Officer) | 15,826 |
| James Cornish (Group Commercial Director) | 15,826 |
| Frances Tock (Company Secretary) | 9,495 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.