REG - Ashtead Tech Hldgs - Conditional LTIP Award

Ashtead Technology HoldingsAnnouncement

24/04/2024 07:00

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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                           (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

 Verity Snow

 Numis Securities Limited (Nomad and Broker)  Tel: +44 (0)20 7260 1000

 Julian Cater

 George Price

 Kevin Cruickshank (QE)

 

 

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                            N/A

      -               Aggregated volume

      -               Price
 (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                            N/A

      -               Aggregated volume

      -               Price
 (f)  Date of the transaction                           23 April 2024
 (g)  Place of the transaction                          Outside a trading venue

 

 

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