Ashtead Technology Holdings plc Conditional LTIP Award

RNS Number : 7655L

Ashtead Technology Holdings plc

24 April 2024

 

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: [phone]  [e-mail]
Numis Securities Limited (Nomad and Broker) Julian Cater George Price Kevin Cruickshank (QE)	Tel: [phone]

 

 

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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

DSHIJMRTMTATBTI