Ashtead Group PLC Director/PDMR Shareholding

 
TIDMAHT 
 
Ashtead Group plc 
 
5 July 2022 
 
                               ASHTEAD GROUP PLC 
 
                         Director / PDMR Shareholding 
 
Ashtead Group plc (the "Company") announces that on 4 July 2022 it made the 
annual awards for 2022 to senior executives under its Long-Term Incentive Plan 
("LTIP"). 
 
Awards under the LTIP 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. 
 
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                89,923 
 
 
Michael Pratt                 38,083 
 
 
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 98.7% of the Performance Share Plan awards 
made to its executive directors in July 2019 vested on 4 July 2022. 
 
As a result of the vesting of the 2019 awards the directors received the 
following number of ordinary 10p shares: 
 
Director                      Number of ordinary 10p shares received 
 
Brendan Horgan                69,682 
 
 
Michael Pratt                 30,153 
 
 
On 4 July 2022 Brendan Horgan sold 34,682 ordinary 10p shares and Michael Pratt 
sold 14,844 ordinary 10p shares both at 34.74p per share to fund the tax 
payable on the vesting of 2019 PSP award. 
 
The directors' total shareholdings are: 
 
Director                      Number of ordinary    Percentage of base Percentage of issued 
                              10p shares            salary *           share capital** 
 
Brendan Horgan                475,000               1,849              0.11 
 
 
Michael Pratt                 314,000               1,855              0.07 
 
 
* The percentage of base salary is based on the sterling / dollar exchange rate 
and share price as at 4 July 2022. 
 
** Excluding treasury shares. 
 
Contact: 
 
Eric Watkins 
 
Tel: [phone] 
 
 
 
END 
 
 

(END) Dow Jones Newswires

July 05, 2022 10:34 ET (14:34 GMT)