REG - Ashtead Tech Hldgs - Conditional LTIP Awards

Ashtead Technology HoldingsAnnouncement

25/09/2025 11:45

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RNS Number : 8482A  Ashtead Technology Holdings plc  25 September 2025

25 September 2025

Ashtead Technology Holdings plc

("the Company")

 

Conditional LTIP Awards

 

Ashtead Technology Holdings plc (AIM: AT.), a leading provider of subsea
technology solutions to the global offshore energy sector, announces that it
has conditionally granted long term incentive awards over a total of 332,885
new ordinary shares of 5 pence each in the Company at nil cost under the 2023
Long Term Incentive Plan (the "LTIP Plan"), representing approximately 0.41%
of the Company's issued ordinary share capital (the "Awards") to various
employees. The LTIP Plan was approved at the Company's AGM on 8 June 2023.

 

The Awards have been made in the ordinary course of business and are in line
with prior year awards. The price used to determine the Awards was £5.43,
being the five day average in the period prior to announcing the 2024 full
year Results on 25 March 2025, being in line with the process in prior years.

 

The Awards will vest in one tranche following a three year performance period
and not earlier than the date of release of the Company's annual report for
the year ending 31 December 2027 (the 2027 Accounts). 50% of the award is
linked to the achievement of target compound annual growth of Adjusted
Earnings Per Share (as determined by the 2027 Accounts), 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     117,782
 Ingrid Stewart  66,471

*including dividend equivalent rights.

 

-Ends-

 

For further information, please contact:

 

 Ashtead Technology                         (Via DGA Group)

 Allan Pirie, Chief Executive Officer

 Ingrid Stewart, Chief Financial Officer

 Deutsche Bank AG (Nomad and Joint Broker)  Tel: +44 (0)20 7260 1000

 Julian Cater

 George Price

 Kevin Cruickshank (QE)

 Peel Hunt (Joint Broker)                   Tel: +44 (0)20 7418 8900

 Edward Allsopp

 Charlotte Sutcliffe

 Tom Graham

 DGA Group (Financial PR)                   Tel: +44 (0)7566 794 033

 Jonathon Brill                              ashteadtechnology@dgagroup.com

 James Styles

 Fern Duncan

 

Notes to editors:

Ashtead Technology is a leading subsea technology solutions provider to 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.

Ashtead Technology's offering is applicable across the lifecycle of offshore
wind farms and offshore oil and gas infrastructure with over 85% of its
equipment fungible across both markets.

Headquartered in the UK, Ashtead Technology operates globally, servicing
customers from its facilities located in key offshore energy hubs. To learn
more, please visit www.ashtead-technology.com
(http://www.ashtead-technology.com/)

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                                             1.   Allan Pirie

                                                       2.   Ingrid Stewart
 2.   Reason for the notification
 (a)  Position/status                                  1.   Chief Executive Officer

                                                       2.   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 5 pence each
 (b)  Identification code of the Financial Instrument  GB00BLH42507
 (c)  Nature of the transaction                        Grant of nil-cost options under the LTIP
 (d)  Price(s) and volume(s)                           Price(s)                    Volume(s)

                                                       1.   Nil                    1.   117,782

                                                       2.   Nil                    2.   66,471

 (e)  Aggregated information

      -  Aggregated volume

      -   Price
 (f)  Date of the transaction                          25 September 2025
 (g)  Place of the transaction                         Outside of a Trading Venue

 

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