Ashtead Technology Holdings plc Conditional LTIP Award
April 24 2024 - 2:00AM
RNS Regulatory News
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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END
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