Forterra plc Employee Benefit Trust Share Purchase (7518J)

TIDMFORT

RNS Number : 7518J

Forterra plc

14 December 2022

14 December 2022

Forterra plc

Employee Benefit Trust Share Purchase

Forterra plc (the "Company") wishes to announce that it has agreed that Apex Financial Services Trust Company Limited acting as Trustee of the Forterra Employee Benefit Trust (the "Trust") will reduce its programme from purchasing ordinary shares of 1p each in the Company ("Ordinary Shares") per month from 400,000 to 150,000 Ordinary Shares per month beginning in January 2023. It is envisaged that this programme will continue until further notice.

These shares will ultimately be used by the Trust for the settlement of awards granted under the Company's employee share schemes, namely the Performance Share Plan (PSP), the Deferred Annual Bonus Plan (DABP) and the Sharesave Plan (SAYE) for 2023 and beyond.

At the date of this announcement the Trust held 6,005,261 ordinary shares in the Company representing 2.82% of the Company's current voting rights.

Enquiries

 
Forterra plc :                        [phone] 
Ashley Thompson (Company Secretary) 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHEAXALFFEAFFA

(END) Dow Jones Newswires

December 14, 2022 12:10 ET (17:10 GMT)