Forterra plc Grant of Options under 2024 SAYE Scheme
October 02 2024 - 12:35PM
RNS Regulatory News
RNS Number : 7213G
Forterra plc
02 October 2024
3 October 2024
Forterra plc
Grant of Options under 2024 SAYE
Scheme
Forterra plc (the "Company") is
pleased to announce that it has granted options under its Employee
Sharesave Scheme (the "Scheme") which is open to all employees
subject to certain requirements. Participants can choose to
save up to £500 per month over a 3 year period. Pursuant to
the scheme, on 2 October 2024 the Company granted options over
1,532,961 ordinary shares of £0.01 each. The exercise price
which was set in accordance with HM Revenue and Customs rules was
£1.40 per share. The options have a contract start date of 1
December 2024 and are exercisable between 1 December 2027 and 31
May 2028. The exercise of options on maturity is not
dependent upon performance criteria.
Within the options described above,
options were granted to the following Persons Discharging
Managerial Responsibilities (PDMRs)
|
PDMR
|
Number of options granted
|
|
Mark Davies (Group Manufacturing
Director)
|
13,250
|
Enquiries
|
Forterra plc:
|
+44 (0) 1604 707 600
|
|
Ben Guyatt (CFO)
|
|
|
|
|
|
Frances Tock (Company
Secretary)
|
|
Forterra plc
Further information relating to the
Company and its group can be found at
www.forterraplc.co.uk
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END
DSHUUONRSUURRAA
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