Form 8.3 - Ashtead Technology Holdings plc

Citadel Group

24 September 2026

 

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Citadel Group
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	ASHTEAD TECHNOLOGY HOLDINGS PLC
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	N/A
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	23 September 2026
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	N/A

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	ISIN GB00BLH42507 5p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	5,330	0.00	0	0.00
(2) Cash-settled derivatives:	1,043,559	1.28	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	1,048,889	1.29	0	0.00

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)        Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
Common	Buy Transaction	334	3.3450 GBP
Common	Buy Transaction	350	3.3500 GBP
Common	Buy Transaction	602	3.3550 GBP
Common	Buy Transaction	211	3.3550 GBP
Common	Buy Transaction	3,134	3.3600 GBP
Common	Buy Transaction	3,454	3.3650 GBP
Common	Buy Transaction	397	3.3650 GBP
Common	Buy Transaction	359	3.3650 GBP
Common	Buy Transaction	323	3.3650 GBP
Common	Buy Transaction	113	3.3650 GBP
Common	Buy Transaction	109	3.3650 GBP
Common	Buy Transaction	94	3.3651 GBP
Common	Buy Transaction	1,812	3.3700 GBP
Common	Buy Transaction	674	3.3750 GBP
Common	Buy Transaction	85	3.3751 GBP
Common	Buy Transaction	3,474	3.3800 GBP
Common	Buy Transaction	845	3.3900 GBP
Common	Buy Transaction	537	3.3950 GBP
Common	Buy Transaction	1,287	3.4000 GBP
Common	Buy Transaction	202	3.4050 GBP
Common	Buy Transaction	436	3.4150 GBP
Common	Buy Transaction	58	3.4250 GBP
Common	Buy Transaction	723	3.4250 GBP
Common	Buy Transaction	481	3.4250 GBP
Common	Buy Transaction	187	3.4300 GBP
Common	Buy Transaction	804	3.4350 GBP
Common	Buy Transaction	507	3.4350 GBP
Common	Buy Transaction	481	3.4350 GBP
Common	Buy Transaction	187	3.4350 GBP
Common	Buy Transaction	480	3.4400 GBP
Common	Buy Transaction	1,818	3.4450 GBP
Common	Buy Transaction	799	3.4450 GBP
Common	Buy Transaction	543	3.4450 GBP
Common	Buy Transaction	539	3.4450 GBP
Common	Buy Transaction	525	3.4450 GBP
Common	Buy Transaction	481	3.4450 GBP
Common	Buy Transaction	455	3.4450 GBP
Common	Buy Transaction	462	3.4500 GBP
Common	Buy Transaction	3,696	3.4550 GBP
Common	Buy Transaction	795	3.4550 GBP
Common	Buy Transaction	319	3.4550 GBP
Common	Buy Transaction	995	3.4600 GBP
Common	Buy Transaction	132	3.4650 GBP
Common	Buy Transaction	1,947	3.4650 GBP
Common	Buy Transaction	1,411	3.4650 GBP
Common	Buy Transaction	477	3.4650 GBP
Common	Buy Transaction	134	3.4700 GBP
Common	Buy Transaction	4,999	3.4750 GBP
Common	Buy Transaction	309	3.4750 GBP
Common	Buy Transaction	235	3.4750 GBP
Common	Buy Transaction	159	3.4750 GBP
Common	Buy Transaction	2,953	3.4800 GBP
Common	Buy Transaction	36	3.4850 GBP
Common	Buy Transaction	2,710	3.4900 GBP
Common	Buy Transaction	956	3.4950 GBP
Common	Buy Transaction	141	3.4950 GBP
Common	Buy Transaction	439	3.5000 GBP
Common	Buy Transaction	1,168	3.5050 GBP
Common	Buy Transaction	473	3.5050 GBP
Common	Buy Transaction	335	3.5050 GBP
Common	Buy Transaction	2,003	3.5100 GBP
Common	Buy Transaction	172	3.5150 GBP
Common	Buy Transaction	313	3.5150 GBP
Common	Buy Transaction	1,636	3.5200 GBP
Common	Buy Transaction	1,206	3.5250 GBP
Common	Buy Transaction	1,343	3.5300 GBP
Common	Buy Transaction	466	3.5350 GBP
Common	Buy Transaction	443	3.5350 GBP
Common	Buy Transaction	1,208	3.5500 GBP
Common	Buy Transaction	1,530	3.5550 GBP
Common	Buy Transaction	697	3.5550 GBP
Common	Buy Transaction	199	3.5550 GBP
Common	Buy Transaction	462	3.5600 GBP
Common	Buy Transaction	464	3.5650 GBP
Common	Buy Transaction	1,099	3.5650 GBP
Common	Buy Transaction	695	3.5650 GBP
Common	Buy Transaction	491	3.5650 GBP
Common	Buy Transaction	972	3.5750 GBP
Common	Buy Transaction	788	3.5800 GBP
Common	Buy Transaction	461	3.5850 GBP
Common	Buy Transaction	522	3.5900 GBP
Common	Buy Transaction	920	3.5950 GBP
Common	Buy Transaction	425	3.5950 GBP
Common	Buy Transaction	315	3.5950 GBP
Common	Buy Transaction	1,329	3.6000 GBP
Common	Buy Transaction	1,378	3.6050 GBP
Common	Buy Transaction	269	3.6050 GBP
Common	Buy Transaction	589	3.6100 GBP
Common	Buy Transaction	410	3.6150 GBP
Common	Buy Transaction	685	3.6200 GBP
Common	Buy Transaction	452	3.6300 GBP
Common	Buy Transaction	1,217	3.7500 GBP
Common	Buy Transaction	533	5.1100 GBP
Common	Buy Transaction	623	5.1700 GBP
Common	Buy Transaction	19,059	5.1800 GBP
Common	Buy Transaction	409	5.2200 GBP
Common	Buy Transaction	517	5.4100 GBP
Common	Buy Transaction	4,257	5.4500 GBP
Common	Sell Transaction	17	3.3453 GBP
Common	Sell Transaction	810	3.3500 GBP
Common	Sell Transaction	2,814	3.3550 GBP
Common	Sell Transaction	273	3.3550 GBP
Common	Sell Transaction	39	3.3551 GBP
Common	Sell Transaction	6,949	3.3600 GBP
Common	Sell Transaction	1,796	3.3650 GBP
Common	Sell Transaction	153	3.3650 GBP
Common	Sell Transaction	5,288	3.3700 GBP
Common	Sell Transaction	7,516	3.3750 GBP
Common	Sell Transaction	469	3.3750 GBP
Common	Sell Transaction	397	3.3750 GBP
Common	Sell Transaction	462	3.3800 GBP
Common	Sell Transaction	489	3.3850 GBP
Common	Sell Transaction	832	3.3900 GBP
Common	Sell Transaction	462	3.3950 GBP
Common	Sell Transaction	1,145	3.4000 GBP
Common	Sell Transaction	455	3.4050 GBP
Common	Sell Transaction	426	3.4100 GBP
Common	Sell Transaction	486	3.4150 GBP
Common	Sell Transaction	483	3.4250 GBP
Common	Sell Transaction	1,383	3.4300 GBP
Common	Sell Transaction	666	3.4350 GBP
Common	Sell Transaction	753	3.4350 GBP
Common	Sell Transaction	217	3.4350 GBP
Common	Sell Transaction	119	3.4350 GBP
Common	Sell Transaction	3	3.4400 GBP
Common	Sell Transaction	1,134	3.4450 GBP
Common	Sell Transaction	507	3.4450 GBP
Common	Sell Transaction	479	3.4450 GBP
Common	Sell Transaction	3	3.4467 GBP
Common	Sell Transaction	1,762	3.4500 GBP
Common	Sell Transaction	538	3.4550 GBP
Common	Sell Transaction	792	3.4600 GBP
Common	Sell Transaction	478	3.4650 GBP
Common	Sell Transaction	579	3.4650 GBP
Common	Sell Transaction	381	3.4650 GBP
Common	Sell Transaction	1,724	3.4700 GBP
Common	Sell Transaction	408	3.4750 GBP
Common	Sell Transaction	676	3.4800 GBP
Common	Sell Transaction	790	3.4850 GBP
Common	Sell Transaction	847	3.4850 GBP
Common	Sell Transaction	3,230	3.4900 GBP
Common	Sell Transaction	1,258	3.4950 GBP
Common	Sell Transaction	914	3.5000 GBP
Common	Sell Transaction	1,156	3.5050 GBP
Common	Sell Transaction	759	3.5050 GBP
Common	Sell Transaction	473	3.5050 GBP
Common	Sell Transaction	461	3.5050 GBP
Common	Sell Transaction	445	3.5050 GBP
Common	Sell Transaction	433	3.5050 GBP
Common	Sell Transaction	600	3.5100 GBP
Common	Sell Transaction	474	3.5150 GBP
Common	Sell Transaction	433	3.5150 GBP
Common	Sell Transaction	313	3.5150 GBP
Common	Sell Transaction	942	3.5200 GBP
Common	Sell Transaction	794	3.5250 GBP
Common	Sell Transaction	996	3.5300 GBP
Common	Sell Transaction	4,310	3.5350 GBP
Common	Sell Transaction	467	3.5350 GBP
Common	Sell Transaction	959	3.5400 GBP
Common	Sell Transaction	702	3.5450 GBP
Common	Sell Transaction	5,310	3.5500 GBP
Common	Sell Transaction	2,614	3.5550 GBP
Common	Sell Transaction	1,711	3.5550 GBP
Common	Sell Transaction	545	3.5550 GBP
Common	Sell Transaction	1,994	3.5600 GBP
Common	Sell Transaction	3,128	3.5650 GBP
Common	Sell Transaction	521	3.5650 GBP
Common	Sell Transaction	483	3.5650 GBP
Common	Sell Transaction	2,000	3.5700 GBP
Common	Sell Transaction	1,162	3.5750 GBP
Common	Sell Transaction	1,874	3.5800 GBP
Common	Sell Transaction	729	3.5850 GBP
Common	Sell Transaction	922	3.5900 GBP
Common	Sell Transaction	1,336	3.5950 GBP
Common	Sell Transaction	739	3.5950 GBP
Common	Sell Transaction	461	3.5950 GBP
Common	Sell Transaction	1,135	3.6000 GBP
Common	Sell Transaction	600	3.6050 GBP
Common	Sell Transaction	794	3.6050 GBP
Common	Sell Transaction	393	5.1900 GBP
Common	Sell Transaction	372	5.2000 GBP
Common	Sell Transaction	2,492	5.2200 GBP
Common	Sell Transaction	1,070	5.2300 GBP
Common	Sell Transaction	1,165	5.2500 GBP
Common	Sell Transaction	969	5.2700 GBP
Common	Sell Transaction	530	5.2800 GBP
Common	Sell Transaction	59	5.2900 GBP
Common	Sell Transaction	1,150	5.3500 GBP
Common	Sell Transaction	1,772	5.4200 GBP

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
Common	CFD	Reducing long position	6,147	3.3625 GBP
Common	CFD	Opening long position	8,575	3.3735 GBP
Common	CFD	Reducing long position	21,254	3.3987 GBP
Common	CFD	Opening long position	10,389	3.4807 GBP
Common	CFD	Reducing long position	2,703	3.5178 GBP
Common	CFD	Reducing long position	1,992	3.5950 GBP
Common	CFD	Opening long position	2,332	3.6784 GBP
Common	CFD	Opening long position	14,552	4.0654 GBP
Common	CFD	Opening long position	562	5.1800 GBP
Common	CFD	Reducing long position	11,764	5.2886 GBP
Common	CFD	Reducing long position	9,389	5.4500 GBP

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	24 September 2026
Contact name:	Paula Santos
Telephone number*:	020 7645 9700

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END