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Forterra plc announced on 25 March 2025 that its Chief Financial Officer, Ben Guyatt, exercised 68,093 share options on 20 March 2025, following their vesting on 17 March 2025. From these, Mr. Guyatt sold 32,117 shares at £1.63 per share and retained 35,976 shares. This resulted in his total shareholding increasing to 149,698 shares, representing less than 1% of the Company's issued share capital.
| Date | 25 Mar 2025 |
| Time | 13:47:28 |
| Category | Director/PDMR dealings |
| ID | 1048C |
25 March 2025
Forterra plc (the "Company")
Director / PDMR Shareholdings
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.
The above notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulations.
Enquiries
|
Forterra plc: |
+44 (0) 1604 707 600 |
|
Frances Tock (Company Secretary) |
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FTI Consulting: |
+44 (0) 20 3727 1340 |
|
Richard Mountain/Nick Hasell |
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Further information relating to the Company and its group can be found at www.forterraplc.co.uk.