REG - Ashtead Tech Hldgs - Issue of shares to EBT

Ashtead Technology HoldingsAnnouncement

16/04/2024 07:15

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RNS Number : 7114K  Ashtead Technology Holdings plc  16 April 2024

16 April 2024

Ashtead Technology Holdings plc

("the Company")

 

Issue of shares to EBT

 

Ashtead Technology (AIM: AT.), the international subsea equipment rental and
solutions specialist, announces that it has allotted and issued 365,919
ordinary shares of 5 pence each in the capital of the Group (the "New Shares")
to the Ashtead Technology Holdings plc Employee Benefit Trust ("EBT"), in
order to satisfy future exercises of awards granted to participants under the
rules of the Group's Long Term Incentive Plan ("LTIP").

 

The EBT now holds an aggregate of 575,541 Ordinary Shares, representing 0.7
per cent. of issued share capital of the Company.

 

In relation to above, applications have been made to the London Stock Exchange
for admission to trading of the New Shares on AIM (the "Admission"). Admission
is expected to take place at 8.00 a.m. on Wednesday 17 April.

 

Following Admission of the New Shares the Company will have 80,313,838
Ordinary Shares of 5 pence each in issue. There are no shares held in
treasury. Therefore, following Admission of the New Shares the total number of
voting rights in the Company will be 80,313,838 (the "Voting Rights Figure"),
and this Voting Rights Figure may be used by Shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their voting rights interest, or a change to that interest, in the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

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)

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 Group operates globally, servicing customers from
its twelve facilities located in key offshore energy hubs.

 

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