Grant under Deferred Annual Bonus Plan

RNS Number : 6034A

Forterra plc

27 March 2017

Forterra plc

Forterra plc (the "Company") announces that, on 24 March 2017, 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:

Name of Director	Number of shares over which the award is granted
Stephen Harrison	43,556
Shatish Dasani	32,667
Total	76,223

These awards represent the deferral into ordinary shares of part of the Executive Directors' 2016 bonus entitlements under the rules of the Scheme.

No 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 £2.0766 being an average of the closing mid market share price for the three days commencing on 15 March 2017 being the date of announcing the Company's 2016 results.

The awards will normally vest on 15 March 2020, 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 IPO Prospectus.

The above notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulations.

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