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    REG - Forterra plc - Grant under Performance Share Plan

    Picture of Forterra logoForterraAnnouncement
    20/03/2025 07:15
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RNS Number : 3635B  Forterra plc  20 March 2025

20 March 2025

Forterra plc

Grant under Performance Share Plan

Forterra plc (the "Company") announces that on 19 March 2025 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                            545,873

 (Chief Executive Officer)
 Ben Guyatt                          334,917

 (Chief Financial Officer)
 George Stewart                      87,590

 (Strategic Projects Director)
 Adam Smith                          87,590

 (Commercial Director)
 Mark Davies                         115,640

 (Chief Operations Officer)
 Nicola Chapman                      65,412

 (Strategy and Marketing Director)
 Sarah Renton                        84,102

 (Chief People Officer)
 Frances Tock                        33,311

 (Company Secretary)
 Other management                    610,629

 Total awards granted                1,965,064

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 £1.605 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 and are set out below:

 

Plan conditions

 Performance condition                                                     % of award subject to condition  Growth                     % of PSP award which will vest
 Absolute EPS (before exceptional items) reported for the year ending 31   40%                              <15p                       0%
 December 2027
                                                                           Equal to 15p                                                25%
                                                                           23p or above                                                100%
 Company's total TSR against TSR of index members (FTSE 250 excluding      40%                              
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