Ashtead Group PLC Director/PDMR Shareholding

 
TIDMAHT 
 
Ashtead Group plc 
 
22nd June 2020 
 
                               ASHTEAD GROUP PLC 
 
                         Director / PDMR Shareholding 
 
Ashtead Group plc (the "Company") announces that on 19 June 2020 it made the 
annual awards 
 
For 2020 to 317 senior executives under its Performance Share Plan ("PSP& 
65533;??). 
 
Awards under the PSP comprise the conditional right to receive ordinary shares 
of 10p each.  Vesting of awards is subject to continued employment and the 
achievement of challenging performance targets set by the Remuneration 
Committee. The Company intends to utilise shares held by the Group's Employee 
Share Ownership Trust to fulfil any obligations to award shares to employees, 
which may arise. 
 
For awards made in 2017 and thereafter, executive directors, who were directors 
at time the awards were made are required to hold any vested shares, after 
selling sufficient shares to fund their tax liability, for a further two years 
from the date of vesting. 
 
The following awards were made to the executive directors: 
 
Director                      Number of ordinary 10p shares covered by the 
                              award 
 
Brendan Horgan                60,911 
 
 
Michael Pratt                 25,905 
 
 
The exercise price for the above awards is GBP1 for all ordinary shares to 
which the award relates. No consideration was paid for the grant of any of 
these awards. 
 
The Company further announces that the awards made to its executive directors 
in June 2017 vested on 19 June 2020. 
 
As a result of the vesting of the 2017 awards the directors received the 
following number of ordinary 10p shares: 
 
Director                      Number of ordinary 10p shares received 
 
Brendan Horgan                66,108 
 
 
Michael Pratt                 23,736 
 
 
Brendan Horgan and Michael Pratt sold 33,054 and 11,156 ordinary 10p shares 
respectively on 
 
19 June 2020 at 2736p per share to fund the tax payable on the exercise and 
retained the balance of the shares. 
 
The directors' total shareholdings are: 
 
Director                      Number of ordinary 10p shares     Percentage of issued Share 
                                                                capital* 
 
Brendan Horgan                433,938                           0.10 
 
 
Michael Pratt                 283,667                           0.06 
 
 
*Excluding treasury shares. 
 
Contact: 
 
Eric Watkins 
 
Tel: [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

June 22, 2020 11:32 ET (15:32 GMT)