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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ashtead Technology Holdings plc | LSE:AT | London | Ordinary Share | Ordinary Shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAT.
RNS Number : 4859Y
Ashtead Technology Holdings plc
04 May 2023
4 May 2023
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 438,622 new ordinary shares of 5 pence each in the Company at nil cost under the 2023 Long Term Incentive Plan ("2023 LTIP"), representing approximately 0.5% of the Company's issued ordinary share capital (the "Awards").
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 2025. 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 Numis Smaller Companies Index + AIM Index (ex-Investment Companies). The Awards are subject to clawback provisions. Further details of the performance conditions will be set out in the notice of the 2023 Annual General Meeting ("AGM"), which will shortly be posted to shareholders.
In accordance with best practice under the Remuneration Committee Guide published by the Quoted Companies Alliance, the Company will seek shareholder authority for the 2023 LTIP at its AGM.
The awards to Persons Discharging Managerial Responsibility are as follows:
PDMR Awards Allan Pirie 154,417 -------- Ingrid Stewart 81,998 --------
For further information, please contact:
Ashtead Technology (Via Vigo Consulting) Allan Pirie, Chief Executive Officer Ingrid Stewart, Chief Financial Officer Vigo Consulting (financial PR) Tel: +44 (0)20 7390 0230 Patrick d'Ancona ashteadtechnology@vigoconsulting.com Finlay Thomson Kate Kilgallen Numis Securities Limited (Nomad Tel: +44 (0)20 7260 1000 and Broker) Julian Cater George Price Kevin Cruickshank (QE)
Notes to editors:
Ashtead Technology is a leading subsea equipment rental and solutions provider for the global offshore energy sector. Ashtead Technology's specialist equipment, advanced-technologies and support services enable its customers to understand the subsea environment and manage offshore energy production infrastructure.
The Company's service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure.
In the fast-growing offshore wind sector, Ashtead Technology's specialist equipment and services are essential through the project development, construction and installation phase. Once wind farms are operational, Ashtead Technology supports customers with inspection, maintenance and repair ("IMR") equipment and services. In the more mature oil and gas sector, Ashtead Technology's focus is on IMR and decommissioning.
Headquartered in the UK, the Company operates globally, servicing customers from its ten facilities located in key offshore energy hubs.
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/ Initial notification Amendment -------------------------- -------------------------------------------------- 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 Ordinary shares of GBP0.05 each the Financial Instrument -------------------------- -------------------------------------------------- (b) Identification GB00BLH42507 code of the Financial Instrument -------------------------- -------------------------------------------------- (c) Nature of the Grant of nil-cost options under the transaction Long-Term Incentive Plan (LTIP) -------------------------- -------------------------------------------------- (d) Price(s) and volume(s) Price(s) Volume(s) ----------------------------- ------------------- Nil cost options 154,417 -------------------------------------------------------------- ------------------- (e) Aggregated information N/A * Aggregated volume - Price -------------------------- -------------------------------------------------- (f) Date of the transaction 4 May 2023 -------------------------- -------------------------------------------------- (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/ Initial notification Amendment ----------------------------------- --------------------------------------- 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 Ordinary shares of GBP0.05 each the Financial Instrument ----------------------------------- --------------------------------------- (b) Identification GB00BLH42507 code of the Financial Instrument ----------------------------------- --------------------------------------- (c) Nature of the Grant of nil-cost options under the transaction Long-Term Incentive Plan (LTIP) ----------------------------------- --------------------------------------- (d) Price(s) and volume(s) Price(s) Volume(s) ------------------------ ------------- Nil cost options 81,998 ------------------------------------------------------------------ ------------- (e) Aggregated information N/A * Aggregated volume - Price ----------------------------------- --------------------------------------- (f) Date of the transaction 4 May 2023 ----------------------------------- --------------------------------------- (g) Place of the transaction Outside a trading venue ----------------------------------- ---------------------------------------
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(END) Dow Jones Newswires
May 04, 2023 12:04 ET (16:04 GMT)
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