Business
Conditional LTIP Awards
Ashtead Technology Holdings plc announced the conditional grant of long-term incentive awards over 332,885 new ordinary shares of 5 pence each, representing approximately 0.41% of the company's issued ordinary share capital, to various employees under the 2023 Long Term Incentive Plan. The awards, determined using a price of £5.43, will vest in one tranche after a three-year performance period, no earlier than the release of the 2027 annual report. 50% of the award is linked to compound annual growth of Adjusted Earnings Per Share, 25% to average ROIC, and 25% to total shareholder return relative to the Deutsche Numis Smaller Companies Index + AIM Index. Awards to Allan Pirie and Ingrid Stewart are 117,782 and 66,471 respectively. Disclaimer*
About this update from Ashtead Technology Holdings Plc
[{"type":"text","content":"\n\n25 September 2025\nAshtead Technology Holdings plc\n(\"the Company\")\n \nConditional LTIP Awards\n \nAshtead Technology Holdings plc (AIM: AT.), a leading provider of subsea technology solutions to the global offshore energy sector, announces that it has conditionally granted long term incentive awards over a total of 332,885 new ordinary shares of 5 pence each in the Company at nil cost under the 2023 Long Term Incentive Plan (the \"LTIP Plan\"), representing approximately 0.41% of the Company's issued ordinary share capital (the \"Awards\") to various employees. The LTIP Plan was approved at the Company's AGM on 8 June 2023.\n \nThe Awards have been made in the ordinary course of business and are in line with prior year awards. The price used to determine the Awards was £5.43, being the five day average in the period prior to announcing the 2024 full year Results on 25 March 2025, being in line with the process in prior years.\n \nThe Awards will vest in one tranche following a three year performance period and not earlier than the date of release of the Company's annual report for the year ending 31 December 2027 (the 2027 Accounts). 50% of the award is linked to the achievement of target compound annual growth of Adjusted Earnings Per Share (as determined by the 2027 Accounts), 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.\n \nThe awards to Persons Discharging Managerial Responsibility are as follows:\n \n\n\n\n\nPDMR\n\n\nAwards*\n\n\n\n\nAllan Pirie\n\n\n117,782\n\n\n\n\nIngrid Stewart\n\n\n66,471\n\n\n\n\n*including dividend equivalent rights.\n \n-Ends-\n \nFor further information, please contact:\n \n\n\n\n\nAshtead Technology\nAllan Pirie, Chief Executive Officer\nIngrid Stewart, Chief Financial Officer\n \n\n\n(Via DGA Group)\n \n\n\n\n\nDeutsche Bank AG (Nomad and Joint Broker)\nJulian Cater\nGeorge Price\nKevin Cruickshank (QE)\n\n\nTel: +44 (0)20 7260 1000\n \n\n\n\n\n \nPeel Hunt (Joint Broker)\nEdward Allsopp\nCharlotte Sutcliffe\nTom Graham\n\n\n \...