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LONDON - Forterra plc (LSE:FORT) announced Thursday it has granted options over 981,153 ordinary shares under its Employee Sharesave Scheme, which is available to all eligible employees.
The building products manufacturer set the exercise price at £1.51 per share in accordance with HM Revenue and Customs rules. Participants can save up to £500 monthly over a three-year period, with options exercisable between December 1, 2028, and May 31, 2029.
The scheme, which has a contract start date of December 1, 2025, does not require performance criteria for the exercise of options upon maturity.
Among the recipients, Group People Director Sarah Renton, identified as a Person Discharging Managerial Responsibilities (PDMR), received 4,230 options.
The company made the announcement in a regulatory filing to the London Stock Exchange. Forterra specializes in manufacturing building products for the construction industry in the United Kingdom.
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