REG - Forterra plc - Director/PDMR Shareholding

ForterraAnnouncement

31/05/2024 08:15

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RNS Number : 6290Q  Forterra plc  31 May 2024

31(st) May 2024

Forterra plc

Forterra plc (the "Company")

Director / PDMR Shareholdings

Following the vesting on 17 September 2023 of share options granted to
management under the 2020 Performance Share Plan (PSP), the Company was
notified on the 28 May 2024 that on the 28 May 2024 the following exercise and
sale transactions took place:

Darren Rix exercised options granted under the PSP as laid out below selling
sufficient shares to cover the appropriate tax and national insurance
liabilities.

 Name        Status  No. of share options exercised  Sale Date  Number of shares sold  Price    Number of shares retained  Beneficial interest  % of ISC

 Darren Rix  PDMR    27,982                          28/05/24   13,198                 £1.642   14,784                     22,914               < 1%

The 2020 PSP awards were granted with all of the awards subject to an TSR
performance condition. The TSR performance condition vested at 53.9%. The
Remuneration Committee determined that, in accordance with the rules of the
scheme, participants would receive dividend equivalent shares at the rate of
0.1437 additional share for every vesting share.  The Remuneration Committee
also agreed to waive the 1p per option cost upon exercise.

The shares to be retained by management are to be transferred to management by
the 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)

 FTI Consulting:                   +44 (0) 20 3727 1340
 Richard Mountain/Nick Hasell

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

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Darren Rix
 2.  Reason for the notification
 a)  Position/status                                              PDMR (Director)
 b)  Initial notification/Amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Forterra plc
 b)  LEI                                                          213800O5DD6ATBVJAD23
 4.  Details of the transaction(s):
 a)  Description of the financial instrument, type of instrument  Ordinary Shares of 1p each

     Identification code

                                                                  GB00BYYW3C20
 b)  Nature of the transaction                                    Acquisition of shares for no consideration pursuant to the exercise of nominal
                                                                  cost options (with the 1p option cost waived by the Company) granted under the
                                                                  PSP scheme on 17 September 2020 and vesting on 17 September 2023
 c)  Price(s) and volume(s)                                       Transaction  Price(s)  Volume(s)
                                                                         £Nil      27,982 options vesting

                                                                                   13,198 shares sold to settle tax and NI

                                                                         £1.642

                                                                                   14,784 shares acquired

                                                                         £Nil
 d)  Aggregated information                                       Transaction  Price(s)  Volume(s)  Total

                                                             Sale        £1.642    13,198     £21,671

d)

Aggregated information

 

 Transaction  Price(s)  Volume(s)  Total
  Sale        £1.642    13,198     £21,671

 

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