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 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
| 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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