REG-Ashtead Group Plc: Director/PDMR Shareholding

AshteadAnnouncement

20/06/2023 15:00

Ashtead Group plc

 

20 June 2023

 

 

 

ASHTEAD GROUP PLC

 

Director / PDMR Shareholding

 

 

Ashtead Group plc (the "Company") announces that on 19 June 2023 it made the
annual awards for 2023 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  57,247                                              
 Michael Pratt   25,603                                              

 

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 Performance Share Plan awards made to
its executive directors in June 2020 vested in full on 19 June 2023.

 

As a result of the vesting of the 2020 awards the directors received the
following number of ordinary 10p shares:

 

 Director        Number of ordinary 10p shares received  
 Brendan Horgan  60,911                                  
 Michael Pratt   25,905                                  

 

On 19 June 2023 Brendan Horgan sold 30,911 ordinary 10p shares and Michael
Pratt sold 11,905 ordinary 10p shares both at 53.74p per share to fund the tax
payable on the vesting of 2020 PSP award.

 

The directors' total shareholdings are:

 

 Director        Number of ordinary 10p shares  Percentage of base salary *  Percentage of issued share capital**  
 Brendan Horgan  505,000                        3,087                        0.12                                  
 Michael Pratt   328,000                        2,882                        0.07                                  

 

* The percentage of base salary is based on the sterling / dollar exchange
rate and share price as at 19 June 2023.

** Excluding treasury shares.

 

 

Contact:

 

Eric Watkins  

Tel: 020 7726 9740



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