REG - Forterra plc - Grant under Performance Share Plan

ForterraAnnouncement

03/04/2023 14:15

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RNS Number : 1905V  Forterra plc  03 April 2023

3 April 2023

Forterra plc

Grant under Performance Share Plan

Forterra plc (the "Company") announces that on 3 April 2023 awards over
ordinary shares of £0.01 each in the capital of the Company were granted to
certain Directors and persons discharging managerial responsibility ("PDMRs")
under the Forterra plc Performance Share Plan ("PSP") as follows:

 Name of Director / PDMR                 Number of Shares over which the PSP Award is granted
 Neil Ash                                490,673*

 (Chief Executive Officer Designate)
 Ben Guyatt                              216,989

 (Chief Financial Officer)
 George Stewart                          68,098

 (Strategic Projects Director)
 Adam Smith                              68,098

 (Commercial Director)
 Shahbaz Idriss                          60,210

 (HR Director)
 Darren Rix                              55,445

 (Managing Director - Bison Precast)
 Matt Day                                55,429

 (IT Director)
 Steve Jeynes                            55,261

 (Production Director)
 Ashley Thompson                         14,727

 (Company Secretary)
 Other management                        331,465

 Total awards granted                    1,416,395

No consideration was paid for the grant of the awards which are structured as
nominal cost options at an option exercise price of £0.01 per Ordinary Share.
The number of Ordinary Shares granted under the award has been calculated
using a share price of £1.97 being an average mid-market quotation as derived
from the London Stock Exchange Daily Official List for the last 5 days of
trading.

The vesting of an award is subject to the satisfaction of performance
conditions which have been set by the Remuneration Committee of the Board of
Directors of the Company. The awards are subject to TSR, EPS, and ESG
performance measures. The awards will normally vest on 3 April 2026, subject
to the achievement of the performance conditions and the participant being a
director or employee within the Company's group at that time.

*This award includes additional options over 126,904 Ordinary Shares in place
of the cash value of his 2022 bonus as agreed by the Company.

Further information regarding the PSP is set out in the Annual Report and
Accounts.

Grant for amounts foregone

In addition, under the 2020 Remuneration Policy for amounts foregone from a
previous employer Neil Ash on joining the Company has been awarded 207,784
Ordinary Shares. No consideration was paid for the grant of this award which
are structured as nominal cost options at an option exercise price of £0.01
per Ordinary Share. These Ordinary Shares will count towards the requirement
to build up and maintain a 200% of salary shareholding in Forterra.

The above notification is intended to satisfy the Company's obligations under
Article 19 of the Market Abuse Regulations and Listing Rule 9.4.2R.

Enquiries

 Forterra plc:                                           +44 (0) 1604 707 600
 Ashley Thompson (Company Secretary)

 FTI Consulting (public relations adviser to Forterra):  +44 (0) 20 3727 1340
 Richard Mountain
 Nick Hasell

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

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