Conditional LTIP Award

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: [phone]  [e-mail]
Numis Securities Limited (Nomad and Broker) Julian Cater George Price Kevin Cruickshank (QE)	Tel: [phone]

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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