REG - Ashtead Tech Hldgs - Conditional LTIP Awards

Ashtead Technology HoldingsAnnouncement

02/06/2026 17:45

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RNS Number : 7272G  Ashtead Technology Holdings plc  02 June 2026

2 June 2026

Ashtead Technology Holdings plc

("the Company")

 

Conditional LTIP Awards

 

Ashtead Technology Holdings plc (LSE: 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 592,569
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 0.73%
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 379p being
the five day average in the period prior to announcing the 2025 full year
Results on 17 March 2026, 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 2028 (the 2028 Accounts). 50% of the award is
linked to the achievement of target compound annual growth of Adjusted
Earnings Per Share (as determined by the 2028 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, with 50% tested against the performance of the FTSE Small Cap Index
and 50% against the performance of the Deutsche Numis Smaller Companies 1000
(ex-Investment companies) Index. The Awards are subject to clawback
provisions.

 

The awards to Persons Discharging Managerial Responsibility are as follows:

 

 

 PDMR            Awards*
 Allan Pirie     227,813
 Ingrid Stewart  128,764

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

 Jonathon Brill                             ashteadtechnology@dgagroup.com

 James Styles

 

Notes to editors:

Ashtead Technology is a leading subsea technology solutions provider to the
global offshore energy sector. Ashtead Technology's technical expertise and
technologies enable its customers to understand the subsea environment and
manage offshore energy production infrastructure. 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.   227,813

                                                       2.   Nil                    2.   128,764

 (e)  Aggregated information

      -  Aggregated volume

      -   Price
 (f)  Date of the transaction                          2 June 2026
 (g)  Place of the transaction                         Outside of a Trading Venue

 

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