Business
Grant under Deferred Annual Bonus Plan
Grant under Deferred Annual Bonus Plan.
About this update from Forterra Plc
[{"type":"text","content":"\n\n20 March 2025\n \nForterra plc\nGrant under Deferred Annual Bonus Plan\nForterra plc (the \"Company\") announces that, on 19 March 2025, share option awards over ordinary shares of £0.01 each in the capital of the Company were granted to Executive Directors under the Forterra plc Deferred Annual Bonus Plan (\"DABP\") as follows:\n\n\n\n\nName of Director\n\n\nNumber of shares over which the award is granted\n\n\n\n\nNeil Ash - Chief Operating Officer\n\n\n58,059\n\n\n\n\nBen Guyatt - Chief Financial Officer\n\n\n41,559\n\n\n\n\nTotal\n\n\n99,619\n\n\n\n\nThese awards represent the deferral into ordinary shares of part of the Executive Directors' 2024 bonus entitlements under the rules of the Scheme.\nNo 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 of the closing mid-market share price for the five days commencing on 12 March 2025 being the date of announcing the Company's 2024 results.\nThe awards will normally vest on 19 March 2028, subject to the participant being an employee of the Company at that time. Once vested, the award shall normally remain exercisable until the day before the tenth anniversary of the date of grant. Further terms and conditions of the DABP are set out in the Annual Report and Accounts.\nThe above notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulations.\nEnquiries\n\n\n\n\nForterra plc:\n\n\n+44 (0) 1604 707 600\n\n\n\n\nFrances Tock (Company Secretary)\n\n\n\n\n\n\n\n\nFTI Consulting (public relations adviser to Forterra):\n\n\n+44 (0) 20 3727 1340\n\n\n\n\nRichard Mountain\n\n\n\n\nNick Hasell\n\n\n\n\n \n \n\n","length":4349,"tagName":"div"}]