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Forterra plc granted options under its 2024 Employee Sharesave Scheme on 2 October 2024. The company issued options over 1,532,961 ordinary shares at an exercise price of £1.40 per share, which are exercisable between 1 December 2027 and 31 May 2028. Within these, Mark Davies, Group Manufacturing Director, was granted 13,250 options.
| Date | 2 Oct 2024 |
| Time | 17:35:06 |
| Category | Director/PDMR dealings |
| ID | 7213G |
3 October 2024
Forterra plc
Grant of Options under 2024 SAYE Scheme
Forterra plc (the "Company") 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 2 October 2024 the Company granted options over 1,532,961 ordinary shares of £0.01 each. The exercise price which was set in accordance with HM Revenue and Customs rules was £1.40 per share. The options have a contract start date of 1 December 2024 and are exercisable between 1 December 2027 and 31 May 2028. The exercise of options on maturity is not dependent upon performance criteria.
Within the options described above, options were granted to the following Persons Discharging Managerial Responsibilities (PDMRs)
|
PDMR |
Number of options granted |
|
Mark Davies (Group Manufacturing Director) |
13,250 |
Enquiries
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Forterra plc: |
+44 (0) 1604 707 600 |
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Ben Guyatt (CFO) |
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Frances Tock (Company Secretary) |
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Forterra plc
Further information relating to the Company and its group can be found at www.forterraplc.co.uk