FORT Forterra Plc

31^st May 2024

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 28 May 2024 that on the 28 May 2024 the following exercise and sale transactions took place:

Darren Rix exercised options granted under the PSP as laid out below selling sufficient shares to cover the appropriate tax and national insurance liabilities.

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

Further information relating to the Company and its group can be found at www.forterraplc.co.uk.