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24 April 2024
Ashtead Technology Holdings plc
("the Company")
Conditional LTIP Award
Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, announces that its Remuneration Committee has conditionally granted long-term incentive awards over 225,983 new ordinary shares of 5 pence each in the Company at nil cost under the 2023 Long Term Incentive Plan ("2024 LTIP"), representing approximately 0.3% of the Company's issued ordinary share capital (the "Awards"). The 2023 Long Term Incentive Plan was approved at the Company's AGM on 8 June 2023.
The Awards will vest in one tranche following a three-year performance period not earlier than the date of release of the Company's annual report for the year ending 31 December 2026. 50% of the award is linked to the achievement of target compound annual growth of Adjusted Earnings Per Share, 25% of the award is linked to the achievement of an average ROIC and 25% of the award is linked to the achievement of total shareholder return (TSR) relative to the wider market tested against the performance of the Deutsche Numis Smaller Companies Index + AIM Index (ex-Investment Companies). The Awards are subject to clawback provisions.
The awards to Persons Discharging Managerial Responsibility are as follows:
|
PDMR |
Awards |
|
Allan Pirie |
79,001 |
|
Ingrid Stewart |
44,585 |
For further information, please contact:
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Ashtead Technology Allan Pirie, Chief Executive Officer Ingrid Stewart, Chief Financial Officer
|
(Via Vigo Consulting)
|
|
Vigo Consulting (financial PR) Patrick d'Ancona Finlay Thomson Verity Snow
|
Tel: +44 (0)20 7390 0230 ashteadtechnology@vigoconsulting.com
|
|
Numis Securities Limited (Nomad and Broker) Julian Cater George Price Kevin Cruickshank (QE) |
Tel: +44 (0)20 7260 1000
|
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
||
|
(a) |
Name |
Allan Pirie |
|
|
2. |
Reason for the notification |
||
|
(a) |
Position/status |
Chief Executive Officer |
|
|
(b) |
Initial notification/ Amendment |
Initial notification |
|
|
3. |
Details of the issuer |
||
|
(a) |
Name |
Ashtead Technology Holdings plc |
|
|
(b) |
LEI |
213800LHEWVY66RPGR58 |
|
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
|
(a) |
Description of the Financial Instrument |
Ordinary shares of £0.05 each |
|
|
(b) |
Identification code of the Financial Instrument |
GB00BLH42507 |
|
|
(c) |
Nature of the transaction |
Grant of nil-cost options under the Long-Term Incentive Plan (LTIP) |
|
|
(d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
Nil cost options |
79,001 |
|
|
|
|
|
|
(e) |
Aggregated information - Aggregated volume - Price |
N/A |
|
|
(f) |
Date of the transaction |
23 April 2024 |
|
|
(g) |
Place of the transaction |
Outside a trading venue |
|
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
||
|
(a) |
Name |
Ingrid Stewart |
|
|
2. |
Reason for the notification |
||
|
(a) |
Position/status |
Chief Financial Officer |
|
|
(b) |
Initial notification/ Amendment |
Initial notification |
|
|
3. |
Details of the issuer |
||
|
(a) |
Name |
Ashtead Technology Holdings plc |
|
|
(b) |
LEI |
213800LHEWVY66RPGR58 |
|
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
|
(a) |
Description of the Financial Instrument |
Ordinary shares of £0.05 each |
|
|
(b) |
Identification code of the Financial Instrument |
GB00BLH42507 |
|
|
(c) |
Nature of the transaction |
Grant of nil-cost options under the Long-Term Incentive Plan (LTIP) |
|
|
(d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
Nil cost options |
44,585 |
|
|
|
|
|
|
(e) |
Aggregated information - Aggregated volume - Price |
N/A |
|
|
(f) |
Date of the transaction |
23 April 2024 |
|
|
(g) |
Place of the transaction |
Outside a trading venue |
|
