REG - Forterra plc - AGM RESOLUTION – APPROVAL OF REMUNERATION POLICY

ForterraAnnouncement

Tue 07:00

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RNS Number : 8740D  Forterra plc  12 May 2026

12 May 2026

FORTERRA PLC

AGM RESOLUTION 13 - APPROVAL OF REMUNERATION POLICY

At the forthcoming Annual General Meeting ("AGM") of Forterra plc (the
"Company") on 19 May 2026, shareholders will be asked to vote on a number of
resolutions, including Resolution 13 relating to the approval of the
Remuneration Policy (the "Policy").

In advance of the AGM, the Remuneration Committee wishes to provide further
clarification in relation to Resolution 13.

The Policy proposes a hybrid long-term incentive structure for Executive
Directors, comprising 50% performance shares and 50% restricted shares. No
change is proposed to the current Policy maximum notional performance share
award level of 200% of salary (250% in exceptional circumstances). For 2026,
award levels will be 175% of base salary for the Chief Executive Officer and
150% of base salary for the Chief Financial Officer, on a notional performance
share basis, with a 50% discount applied to the restricted share element.

If approved, the performance share element will be subject to the following
measures over the period ending 31 December 2028:

 

 Measure                                                                         0% Vesting                  25% Vesting       100% Vesting
 Adjusted EPS Growth (45%)                                                       Less than 5% annual growth  5% annual growth  10% or greater annual growth
 Relative TSR (45%) against TSR of index members (FTSE 250 excluding investment  Below median                Median            Upper quartile or above
 trusts)
 ESG - Reduction in the Group's clay product carbon emissions intensity per m²   Less than 5% reduction      5% reduction      10% or greater reduction
 versus 2025 (10%)

Vesting will be calculated on a straight-line basis between the relevant
performance points.

 

The notional share award level for both performance shares and restricted
shares will be based on the average closing share price of the Company's
shares over the six-month period ended 19 May 2026. The Remuneration Committee
believes this provides a balanced basis for calculating awards by reducing the
impact of short-term market volatility and external macroeconomic uncertainty
on the number of shares granted.

The Board looks forward to the support of shareholders in approving Resolution
13 at the AGM on 19 May 2026.

Enquiries

 Forterra plc:                     +44 (0) 1604 707 600
 Frances Tock (Company Secretary)

 FTI Consulting:                   +44 (0) 20 3727 1340
 Richard Mountain/Vicky Haynes

Further information relating to the Company and its group can be found
at www.forterra.co.uk (http://www.forterra.co.uk/)

LEI: 213800O5DD6ATBVJAD23

 

 

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