Opening Position Disclosure

Ashtead Technology Holdings plc

06 October 2026

 

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Full name of discloser:	Ashtead Technology Holdings plc
(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) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held:  The latest practicable date prior to the disclosure	5 October 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 PARTY TO THE OFFER 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

Class of relevant security:	Ordinary shares of 5 pence each
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	Nil	Nil	Nil
(2) Cash-settled derivatives:	Nil	Nil	Nil	Nil
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	Nil	Nil	Nil
TOTAL:	Nil	Nil	Nil	Nil

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).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b) Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	None
Details, including nature of the rights concerned and relevant percentages:	None

3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors’ and other employee options) of any person acting in concert with the party to the offer making the disclosure:

Name of Director Number of ordinary shares in Ashtead Technology Holdings plc held Percentage of total issued share capital Allan Pirie 1,341,600 1.66% Ingrid Steward 317,925 0.39% Bill Shannon 95,397 0.12% Tony Durrant 40,000 0.05% Thomas Thomsen 2,910 0.00% Jean Cahuzac 18,100 0.02% Kristin Færøvik  6,966 0.01% Vested awards made under the Long Term Incentive Plan Name Date of grant Date of vesting of Option No of Shares under Option which Vested No of Shares under Option which are not yet exercised Exercise price Anticipated date of lapse Allan Pirie 05/09/22 25/03/25 135,463 135,463 Nil 05/09/32 04/05/23 17/03/26 134,806 134,806 Nil 04/05/33 Ingrid Stewart 05/09/22 25/03/25 82,304 82,304 Nil 05/09/32 04/11/23 17/03/26 71,584 71,584 Nil 04/11/33 Outstanding awards made under the Long Term Incentive Plan which have not yet vested Name Date of grant Number of shares awarded Anticipated vesting date* Exercise price Anticipated date of lapse Allan Pirie 16/04/24 79,001 03/27 Nil 16 April 2034 25/09/25 117,782 03/28 Nil 25 September 2035 02/06/26 227,813 03/29 Nil 2 June 2036 Sub-Total 424,596 Ingrid Stewart 16/04/24 44,585 03/27 Nil 16 April 2034 25/09/25 66,471 03/28 Nil 25 September 2035 02/06/26 128,764 03/29 Nil 2 June 2036 Sub-Total 239,820  * Exact vesting date to be determined. Vesting date will not be earlier than the date of release of the Company's annual report for the immediately preceding financial year.

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).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

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 party to the offer making the disclosure or any person acting in concert with it: 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 party to the offer making the disclosure, or any person acting in concert with it, 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

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	6 October 2026
Contact name:	Ingrid Stewart
Telephone number:	[phone]

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].

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

 

END