REG - Ashtead Tech Hldgs - Update on Move to the Main Market

Ashtead Technology HoldingsAnnouncement

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RNS Number : 6269W  Ashtead Technology Holdings plc  26 August 2025

26 August 2025

Ashtead Technology Holdings plc

("Ashtead Technology", the "Company" or the "Group")

Update on Move to the Main Market

 

Ashtead Technology Holdings plc (AIM: AT.), a leading provider of subsea
technology solutions to the global offshore energy sector, today provides an
update on its proposed move to the Main Market.

Move to the Main Market

Further to the announcements of 25 March 2025, 22 May 2025 and 17 July 2025,
the Board confirms the Company's intention to apply for admission of its
entire issued share capital of ordinary shares of 5 pence each (the "Ordinary
Shares") to the Equity Shares (Commercial Companies) category of the Official
List of the Financial Conduct Authority (the "FCA") and to trading on the Main
Market of London Stock Exchange plc (the "London Stock Exchange")
("Admission").

The Company expects that (i) Admission will take place at 8.00 a.m. on 6
October 2025; and (ii) the Ordinary Shares will be cancelled from trading on
AIM at 8.00 a.m. on 6 October 2025. The last day of trading in the Ordinary
Shares on AIM is therefore expected to be 3 October 2025. Admission will be
effected through an introduction of the Company's existing Ordinary Shares at
which time the Company's admission to AIM is expected to be cancelled.
Accordingly, the Company hereby gives notice of the intended cancellation of
trading of its Ordinary Shares on AIM in accordance with Rule 41 of the AIM
Rules for Companies.

Admission remains subject to a number of conditions, including the approval by
the FCA of a prospectus and the Ordinary Shares being admitted by the FCA to
the Official List and by the London Stock Exchange to trading on the Main
Market. Admission is not conditional upon shareholder approval. Shareholders
should note that the Company's Ordinary Shares will no longer be traded on AIM
with effect from Admission and should consult their own professional advisers
regarding the consequences of Admission.

-Ends

 For further information, please contact:

 Ashtead Technology                                  (Via DGA Group)
 Allan Pirie, Chief Executive Officer
 Ingrid Stewart, Chief Financial Officer
 Colin Ross, Chief Strategy & Marketing 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)
 Edward Allsopp                                      Tel: +44 (0)20 7418 8900
 Charlotte Sutcliffe
 Tom Graham

 DGA Group (Financial PR)
 Jonathon Brill                                      Tel: +44 (0)7566 794 033
 James Styles                                        ashteadtechnology@dgagroup.com
 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 address the
complex challenges of constructing, developing, inspecting, maintaining,
repairing and decommissioning critical offshore energy infrastructure.

With a diverse portfolio and flexible delivery model, around 85% of Ashtead
Technology's equipment fleet of over 30,000 assets are applicable across the
lifecycle of both offshore oil and gas infrastructure and offshore renewables.

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/)

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