Conditional LTIP Award

About this update from Ashtead Technology Holdings Plc

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:   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   [email protected]   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   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    

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