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AT. Ashtead Technology Holdings Plc

719.00
4.00 (0.56%)
Last Updated: 13:52:46
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ashtead Technology Holdings Plc LSE:AT. London Ordinary Share GB00BLH42507 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.00 0.56% 719.00 715.00 717.00 733.00 719.00 733.00 58,268 13:52:46
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 111.17M 21.58M 0.2699 26.86 579.62M

Ashtead Technology Holdings plc Conditional LTIP Award

24/04/2024 7:00am

RNS Regulatory News


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: +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

 

 

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 rns@lseg.com 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.
 
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