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Ashtead Technology Holdings
Ashtead Tech Hldgs - Conditional LTIP Award
24th April 2024, 06:00
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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

Allan Pirie, Chief Executive Officer

Ingrid Stewart, Chief Financial Officer

 

(Via Vigo Consulting)

 

Vigo Consulting (financial PR)

Patrick d'Ancona

Finlay Thomson

Verity Snow

 

 

Tel: +44 (0)20 7390 0230

 ashteadtechnology@vigoconsulting.com

 

Numis Securities Limited (Nomad and Broker)

Julian Cater

George Price

Kevin Cruickshank (QE)

Tel: +44 (0)20 7260 1000

 

 

 

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

-               Aggregated volume

-               Price

N/A

(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

-               Aggregated volume

-               Price

N/A

(f)

Date of the transaction

23 April 2024

(g)

Place of the transaction

Outside a trading venue

 

 

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