Forterra plc Employee Benefit Trust Share Purchase (7518J)
December 14 2022 - 11:10AM
UK Regulatory
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 : +44 (0) 1604 707 600
Ashley Thompson (Company Secretary)
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END
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