REG - Forterra plc - Director/PDMR Shareholding

ForterraAnnouncement

02/01/2025 11:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250102:nRSB9422Ra&default-theme=true

RNS Number : 9422R  Forterra plc  02 January 2025

2(nd) January 2025

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 31 December 2024 that on the 30 December 2024 the following
exercise and sale transactions took place:

Adam Smith 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

 Adam Smith  PDMR    35,617                          30/12/2024  16,799                 £1.598   18,818                     115,830              < 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                                                         Adam Smith
 2.  Reason for the notification
 a)  Position/status                                              PDMR (Commercial 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      35,617 options vesting

                                                                                   16,799 shares sold to settle tax and NI

                                                                         £1.598

                                                                                   18,818 shares acquired

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

                                                             Sale        £1.598    16,799     £26,844.80

d)

Aggregated information

 

 Transaction  Price(s)  Volume(s)  Total
  Sale        £1.598    16,799     £26,844.80

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHUPUWWGUPAGGP